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  • 3.evolution of Money

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    saravanan
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    The document outlines the evolution of different money systems throughout history from bartering to modern currency. It began with a barter system around 6000 BC where goods and services were directly exchanged, most commonly salt. This progressed to a gold standard system where gold became the preferred currency starting in 643 BC. Coins were then minted which were an expensive but official form of currency. Eventually fiat currency systems emerged as essential for economic transactions and survival. The latest development was plastic money utilizing advancements in science and technology.

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    3.EVOLUTION OF MONEY.pptx

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    The document outlines the evolution of different money systems throughout history from bartering to modern currency. It began with a barter system around 6000 BC where goods and services were directly exchanged, most commonly salt. This progressed to a gold standard system where gold became the preferred currency starting in 643 BC. Coins were then minted which were an expensive but official form of currency. Eventually fiat currency systems emerged as essential for economic transactions and survival. The latest development was plastic money utilizing advancements in science and technology.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    17 views16 pages

    3.evolution of Money

    Uploaded by

    saravanan
    The document outlines the evolution of different money systems throughout history from bartering to modern currency. It began with a barter system around 6000 BC where goods and services were directly exchanged, most commonly salt. This progressed to a gold standard system where gold became the preferred currency starting in 643 BC. Coins were then minted which were an expensive but official form of currency. Eventually fiat currency systems emerged as essential for economic transactions and survival. The latest development was plastic money utilizing advancements in science and technology.

    Copyright:

    © All Rights Reserved
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    of 16

    EOVLUTION OF

    MONEY
    phases

    Barter Gold
    Standard Coinage
    System System

    Plastic Currency
    Money System
    Phase -
    1
    BARTER
    SYSTEM
    One of the first evidences of
    bartering is in 6000 BC. The barter
    system traded all sorts of goods and
    services, such as weaponry, food, or
    tea. One of the most popular things
    traded in the barter system was salt,
    because it was so valuable.

    Goods for
    Goods
    Determination
    of Values lead
    to Invention
    Phase -
    2
    GOLD
    STANDARD
    SYSTEM
    Gold has been used as the
    currency of choice through
    out history. The earliest
    known use was in 643 B.C.
    Classification of
    Commodities

    Luxurious

    Comfortable

    Necessary
    Necessary
    Phase -
    3

    CONIAGE
    Minting of
    Coins
    Minting of
    Coins were
    expensive
    Phase -
    4
    CURRENCY
    SYSTEM
    Became essential
    for Human
    Survival
    Phase -
    5

    PLASTIC
    MONEY
    Advancement
    of Science and
    Technology
    THANK YOU

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