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Evolution of Currency


Business  (tags: economics, evolution, business )

Alex
- 1057 days ago - forexcrunch.com
Money has experienced an incredible evolution over the centuries, and this is how its development breaks down.



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Comments

Fred Krohn (34)
Thursday February 2, 2012, 2:22 pm
Nice trace of how money expresses values over history. Note: The Templar Knights invented modern banking, with their continent wide roaming and need to exchange currency for goods from Spain and UK to the Middle East and beyond, expanding on basic ideas from China and JudŠa concerning dynamic value of money and investing for profit.
 

Matloob ul Hasan (81)
Thursday February 2, 2012, 7:23 pm
Noted, thanks.
 

Matloob ul Hasan (81)
Thursday February 2, 2012, 7:28 pm
Must watch: Money as Debt
 

Quanta Kiran (65)
Friday February 3, 2012, 4:30 am
Thanks.
 

Quanta Kiran (65)
Friday February 3, 2012, 4:30 am
Thanks.
 

Past Member (0)
Friday February 3, 2012, 2:57 pm
A lot of history missing. For instance, tally sticks built the British empire from 1100 AD through the early 1800s. The early 13 colonies prospered on a scrip and barter system. The gold standard was partially responsible for the decline of the Roman empire. Before Julius Caesar started having his image put on gold coins, Rome prospered on a multi-metal system. The "fractional banking" system has been an albatross around common peoples' necks since it started.
 

Amanda S. (0)
Friday February 3, 2012, 6:41 pm
Moneyyy makes the world go roouunnndd!!
 

Mary Donnelly (47)
Saturday February 4, 2012, 4:47 pm
Thanks Alex.
 
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