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MONEY HISTORY AND FUNCTIONS

MONEY HISTORY AND FUNCTIONS
A. For thousands of years, gold was the ultimate money. It could buy anything
including hearts. It was wealth and power to be sure, but it was also enchantment,
with a special lusture and reasurring weight and feel. The lure of gold drive ships
across stormy seas and explorers across rugged mountains to places as remote as
Canada's Klondike region near the Arctic Circle.
Gold isn't used as money any more. It still glitters, but it's treated more like soy
beans or pork bellies than a ransom fit for a king.
Money didn't exist in ancient times, so people had to trade with each other - or
barter - to obtain the items they wanted. The first trades were probably animal skins
for grain, or cotton for livestock.
But these exchanges were cumbersome, and some common place commodities,
such as grains, started to assume the role of money. In early Egypt, for exemple,
barley, an important source of food, became the accepted means of payment for
goods and se...

Posted by: Arianna Escobar

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