Question

Мне это надо срочно история денег надо написать по английскому языку

Answer 1

Money appeared much later than the establishment of the national economy: first the ancient tribes used the means of exchange (cattle, fish, ornaments were changed for bread, meat, fabrics), and different peoples used various means for exchange. For example, in Mexico "cocoa beans" were used as "money", pearls and shells were found on the islands of Oceania, in the seas of valuable beasts in Alaska and Canada.
Such commodity-exchange relations were not very convenient and the need arose to create a universal exchange equivalent. So there was money. At first they were metal (in the manufacture in different countries used materials such as copper, silver, bronze). Paper money appeared only in 1910 and since then have firmly entered our life.Ставь лукас и лучшее решение

Answer 2

The History of Money

Money has played a significant role in human civilization for thousands of years. It has evolved from simple bartering systems to sophisticated forms of currency and financial transactions. Let's take a journey through the history of money.

1. Barter and Commodity Money: In ancient times, people engaged in barter, exchanging goods and services directly. For example, a farmer might trade a bushel of wheat for a piece of cloth. However, bartering had limitations, as it required a coincidence of wants and a double coincidence of needs.

To overcome these challenges, societies started using commodity money, where valuable items with intrinsic worth, such as gold, silver, or salt, were used as a medium of exchange. These commodities were universally accepted in trade, making transactions more efficient.

2. Coinage: The invention of coinage revolutionized the concept of money. Around 600 BCE, the Lydians in present-day Turkey introduced the first standardized coins made of electrum, a natural alloy of gold and silver. Coins made trade easier by providing a consistent unit of value and reducing the need for weighing and testing the purity of precious metals.

3. Paper Money: The use of paper money originated in China during the Tang Dynasty (7th century CE). Merchants and travelers started depositing their gold and silver with trustworthy individuals and received paper certificates as receipts. These certificates could be exchanged for the deposited precious metals upon presentation. Paper money gradually gained acceptance due to its convenience and ease of carrying compared to bulky coins.

4. Fiat Money and Banking: Fiat money derives its value from government decree or law. It has no intrinsic value but is accepted as legal tender by the government. The shift from commodity money to fiat money began in the 17th century. Governments began issuing paper money not directly backed by precious metals but by their authority to guarantee its value.

Alongside the development of fiat money, banks emerged as custodians of money and facilitators of financial transactions. People deposited their money with banks, receiving banknotes as evidence of their holdings. These banknotes could be used as a medium of exchange, leading to the growth of banking systems and modern financial institutions.

5. Digital Money and Cryptocurrencies: With the rise of the internet and advancements in technology, digital money became possible. Online banking, electronic transfers, and digital currencies emerged as convenient alternatives to physical cash. The advent of cryptocurrencies, such as Bitcoin, introduced decentralized digital currencies based on cryptographic technology.

Cryptocurrencies operate on a peer-to-peer network, enabling secure and transparent transactions without the need for intermediaries like banks. While their impact on the financial system is still evolving, cryptocurrencies have attracted significant attention and debate.

In conclusion, the history of money showcases the evolution of exchange systems from barter to sophisticated digital currencies. Money has continually adapted to meet the changing needs of societies, facilitating trade and economic growth. As technology continues to advance, it is likely that the concept and form of money will continue to evolve.