THE INVENTION OF MONEY
In the ancient time human needs where Limited Man would produce commodities for himself. He would not different upon the society. there was no need for buying and selling.so there was no existence of exchange. It was the age of self Reliance. Human needs are big and to increase along with the development of human civilization. He becomes dependent upon the society and starts producing commodities for the society on the basis of division Of labor. As a result production given to increase gradually and call for exchanging surplus water system for exchanging commodities.
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The better place where transform into markets. A group of middleman affair and open shops at market
It was the age of barter .Trade and Commerce appeared and the development of human civilization.
Sea -cowries entered into the market as a media of keeping accounts . She became a common product and medium of transaction . It was the age of cowries. Scarce supply of cowries failed to meet the gradual needs. Man learnt to extract minerals and to use them as metal media of transaction . Social system Kingdoms and independent States give up. The ancient Kings produced gold and silver money and circulated in the markets for free transactions. It was the age of metal money. Free transactions led to expansion of trade and Commerce and created more and more needs for metal money. Money and banking system developed .The government circulated huge quantities of paper money Side by side with metal money to facilitate the need for money .The age of self Reliance, better, cowrie disappeared and the age of paper money appeared with the introduction of a new era.
Money was invented several 1000 years ago. It was invented for the first time in China 100 years before the birth of Christ.
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Paper money was primarily introduced in Europe. it was introduced to slowly throw out the word at different times. the invention of money, the development of Science and Technology and economic progress of the world. No country in the world is now self- sufficient. The expansion of International Trade has a mobile list International Mantri system. tanka the name of silver money introduced by the independent Sultans of Bangla as the medium of exchange at the beginning of 14 century. The real history of the invention of money is still untraced. The invention of money stands on a stage of development of mankind and his civilization .Ancient coins freely served in the museums of the world can tell the history of the invention of money.
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