September 13, 2012

IS THE EVOLUTION OF MONEY HURTING US !!! -Bhavikk Shah



It all started with “BARTER TRADE SYSTEM”: Long time ago the first trade was conducted via Barter. All goods were directly exchanged for all other goods. But this method had its own problems. If you want to swap your chicken for a loaf of bread, but baker happened to want firewood, you had a task to find someone with firewood who wanted to have chicken.

Then came the medium of gold exchange, under which everyone agreed to accept gold in return for whatever they were selling. This transition allowed the swapping of chickens for gold and then gold for anything else. The thing with gold was that it was
READ FOR MORE HERE - http://bhavikkshah.blogspot.in/2012/04/is-evolution-of-money-

No comments: