- With the introduction of paper currency and non-precious coinage, commodity money evolved into representative money. This meant that what the money itself was made of no longer had to be of great value. Representative money was backed by a government or bank's promise to exchange it for a certain amount of silver or gold.
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Aug 19, 2019 · With the introduction of paper currency and non-precious coinage, commodity money evolved into representative money. This meant that what the money itself was made of no longer had to be of great value. Representative money was backed by a government or bank's promise to exchange it for a certain amount of silver or gold.
Jul 17, 2020 · Slowly, a type of currency –involving easily traded items like animal skins, salt, and weapons–developed over the centuries. These traded goods served as the medium of exchange (even though the...
Real GDP declined 32.9% in the second quarter. The second quarter GDP report showed a huge decline in the April-May-June period, a clear recession. Right now, however, we may be technically out of ...
- Bill Conerly
Money did not have a single origin but developed independently in many different parts of the world. Many factors contributed to its development and if evidence of what anthropologists have learned about primitive money is anything to go by economic factors were not the most important.
Never mind that the money is yours. If the government sends you a check in the mail then the government can't be all that bad. If the $5,581 were gradually taken out of one's paycheck over the course of the year and no money was owed on April 15, the pain of the theft would be greatly diminished, but for two entirely different reasons.
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Jul 27, 2020 · How did you go bankrupt? Two ways. Gradually, then suddenly.
For example, they’re a way an owner can remain with the company while taking money out of it. And it’s a way to reward employees and provide a long-term incentive for loyalty and hard work. Here’s how it works: The company sets up an independent trust (the ESOP) that buys the owner’s stock at a price set by an independent evaluator.
Apr 30, 2014 · Israelite monotheism evolved gradually out of pre-existing beliefs and practices of the ancient world. The religion of the Israelites of Iron Age I, like the Canaanite faith from which it evolved  and other ancient Near Eastern religions, was based on a cult of ancestors and worship of family gods (the "gods of the fathers"). 
Develop definition is - to set forth or make clear by degrees or in detail : expound. How to use develop in a sentence.