Monday, May 18, 2015

Brief History of Money

First, people started barter to get what they wanted, which worked fine in small community.


In about 600 b.c., people started to see the need of coinage to trade in bigger community.



As the scale of trade in human society become bigger and bigger, people needed an object which can set the standards among different currencies; gold became the object.


And then, dollar replaced the role of gold by 20th century; 
the ethos of United States' economy was based in this system.


With the help of advanced technology, digital currency like Bitcoin provided different methods of payment!
Over the next several blog posts, I will investigate each portion of history in more details.


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