THE HISTORY OF MONEY
Good morning. On behalf of myself I would like to welcome you all here today. Allow me to introduce myself. My name is Lucia Ladonová and I am a student of a The Faculty of Business Economics in Košice. My intention today is to present you with the history of money.
In the following presentation, I would like to make a number of points. I will explain what forms of payment were used before coinage system. Then I will tell you something of the history of coins. Next I will go on to talk about history of bank notes. In conclusion I will show how the e-money works and what it is. And finally, I will tell some facts about Euro.
I would like to begin with the definition of what the money really is. Money is generally accepted mean of payment. The use of it is almost as old as the human civilization. But it hasn't always had the same form as today and it is still developing.
Now let's have a look on what forms of payment were used before coinage system. The oldest one was bartering. It may date back to the beginning of humankind. Barter is the exchange of goods, resources, services for another goods, resources, services. For example when the farmer needs spade and the smith needs apples they could change their products and they are both satisfied. But it is not as easy as it seems because the farmer have to find a smith who needs his products and wants to change them for a spade. The most important improvement was the tendency to select some items in preference to others. These barter items were accepted as a mean of exchange. It was for example tea, fur, cattle, seashells or even eggs, leather, rice, salt.. Today organizations and governments still use and often prefer barter as a form of exchange.
Now, I will move on to the history of coins. The coinage as a replacement of the barter system and as a mean of payment was taken it the real life in the seventh century BC. First, people started to use gold and silver as a mean of exchange. The first people who made and used coins were seafaring modern western Turkeys. The design was only on one of the sides, in most cases it was an animal. The other side had a punch mark. It was made of the electrum - naturally occurring alloy of gold and silver and these coins were handmade. Coinage then quickly spread out. Within some hundred years the design was engraved on both sides.
The next point is the history of bank notes.
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The History of Money
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