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History of Paper Money

Senin, 20-06-2011 | 0 komentar | 55 hit

History of Paper Money

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Today we know that money has undergone a long evolution. Since you are trying to meet their business applications kebutuhannnya everyone first, people are not familiar with the exchange. When hungry he hunt the man from the component simple to make clothes for yourself, be used to satisfy your needs, you have obtained a nutshell, searching for fruit to their needs Please. Mengahadapkan further development of human beings on the fact that what was produced was not enough, meet all the requirements. The article itself does not produce, they are for people who want to trade is not required and other goods owned by him. The result is a product in exchange for goods sistem'barter'yaitu.
Finally, however, many of the difficulties with the current system. Goods they want to have a good hard also like these are exchanged in order to find out who that is stored in the exchange value is equal or nearly equal to the product will be replaced with difficulty. To overcome this, thinking, begin to develop the use of a particular object is used as a medium of exchange. Objects that are generally accepted (principles generally accepted) object (with the magical and mystical or difficult) as a medium of exchange objects that have a high value, or object, The main needs are defined as salt by the Romans on a daily basis. Used as a means of payment and wages as a medium of exchange. Roman influence is still visible, call the pay as salary from the English-derived word meaning salarium salt.
Before discovering the coins people, as the shell is used as one such medium of exchange, goods are considered beautiful and valuable.
While there is already a means of exchange, which remains the difficulty of the stock market. Price-performance objects, memory (storage) and transportation (traffic) is difficult to define, and difficult due to the lack of durability of these objects were destroyed so easily that no addition, as a medium of exchange because it is being used, these difficulties are partially broken or had, is not tenable.
Then, what was one of the coin. Because of the high value to public favor, but the metal was chosen as a medium of exchange, not durable, easily without destroying the value is easily decomposed, can be moved easily. That these requirements are met so that the metal is gold and silver has been used as a medium of exchange. Gold and silver coins also full of money (money in full body) is known as. It is nominal (monetary value) of money equal to the intrinsic value (the value of the material) is. At that moment, everyone is fake money merge, sell or wear, have a right to have the right to unlimited storage and curing.
Precious metals (gold and silver) coin exchange rate while providing a very limited amount of, if you need to increase development, economic development, the difficulty of estimating is there. The use of coins has also created much difficulty for the bill, the mass is
Is to perform proof of possession of gold and silver as a tool / agent of trading in the first bill cycle. In other words, the money the paper money in circulation at that point that is 100% gold and silver, gold and silver is stored in the smart, can be exchanged in order to guarantee full sometimes. In a further development, the public is no longer gold as a means of exchange (right). Instead, they are a medium of exchange, "paper hat" to do.

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