Friday, April 22, 2016

The Future Of Money..Money has a Future

The next time you pull a tattered $5 bill out of your pocket to pay for a coffee, consider the fact that you’re handling one of society... thumbnail 1 summary
The next time you pull a tattered $5 bill out of your pocket to pay for a coffee, consider the fact that you’re handling one of society’s oldest and most important inventions: money.
Relatively soon after humans decided that we liked living in groups, instead of in panda-style isolation, we came up with ways to value what we had—and make people pay for it. We bartered cattle and grain until the Lydians—the Bronze Age inhabitants of what is modern-day Turkey—realized those were hard to stuff into a wallet, and introduced government-minted coins. It turned out coins were still a pain to carry around, so eventually they evolved into the paper money we all use today.
Subscribe to: Posts (Atom)