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Study with Quizlet and memorize flashcards containing terms like where did money come from?, Why did money come into existence?, Economic surplus and more.
Study with Quizlet and memorize flashcards containing terms like When, why, and how did LIEO came into existence?, What does the world bank do?, What does the IMR do? and more.
Study with Quizlet and memorize flashcards containing terms like What is money?, When did fiat money come into existence?, All currencies today are considered to be what type of money? and more. Fresh features from the #1 AI-enhanced learning platform.
Terms in this set (35) silver. this was the global currency of the period; it was used by Spain to build armies and buildings, and then passed through to Europeans, Indians, and Chinese; it helped international commerce and encouraged economic growth, along with the replacement of paper money. Henry the Navigator.
Study with Quizlet and memorize flashcards containing terms like 1. The earliest type of trade was, 2. The economies of all cultures are based on, 3. Historians believe that the Chinese developed the first and more.
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Nov 14, 2022 · The invention of money is a complex and gradual process that evolved over thousands of years in response to the needs of human societies. Money, in its primitive forms, emerged as a solution to the limitations of barter systems, where individuals exchanged goods or services directly.
Apr 2, 2024 · Money has been part of human history for at least the past 5,000 years in some form or another. Before that time, historians generally agree that a system of bartering was likely used. Bartering ...
