The history of money begins around 2500 years ago with the first minting of coinage in about the seventh to sixth century BC.Since ancient times people have swapped items of value either in the exchange of gifts or else in markets where a commonly shared system of tokens is more convenient,Many things have been exchanged in markets including, for example, livestock and sacks of cereal grain (from which the Shekel is derived) – things directly useful in themselves, but also sometimes merely attractive items such as cowry shells or beads were exchanged for more useful commodities. Precious metals from which early coins were made fall into this second category.

                                      In a gift economy, valuable goods and services are regularly given without any explicit agreement for immediate or future rewards, ideally, simultaneous or recurring giving serves to circulate and redistribute valuables within the community.There are various social theories concerning gift economies. Some consider the gifts to be a form of reciprocal altruism. Another interpretation is that implicit “I owe you” debt and social status are awarded in return for the “gifts”.

                                         Anatolian obsidian as a raw material for stone-age tools was distributed as early as 12,000 B.C., with organized trade occurring in the 9th millennium.In Sardinia, one of the four main sites for sourcing the material deposits of obsidian within the Mediterranean, trade in this was replaced in the 3rd millennium by trade in copper and silver.As early as 9000 BC both grain and cattle were used as money or as barter (Davies) (the first grain remains found, considered to be evidence of pre-agricultural practice date to 17,000 BC)

                                       In the earliest instances of trade with money, the things with the greatest utility and reliability in terms of re-use and re-trading of these things like their marketability, determined the nature of the object or thing chosen to exchange. So as in agricultural societies, things needed for efficient and comfortable employment of energies for the production of cereals and the like were the most easy to transfer to monetary significance for direct exchange. As more of the basic conditions of the human existence were met to the satisfaction of human needs,so the division of labour increased to create new activities for the use of time to solve more advanced concerns. As peoples needs became more refined, so indirect exchange became more likely as the physical separation of skilled labourers (suppliers) from their prospective clients (demand) required the use of a medium common to all communities, to facilitate a wider market

 Just a note of MONEY Just like that..


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