Thursday, May 19, 2011

Money

Money
With thousands of years because they were accessible, affordable, durable, spending, portable and reliable, such as metals, gold, silver and bronze served as money. Coins are traced to 600 BC the Temple of Artemis at Ephesus (modern Turkey). By the time of the Roman Empire, coins were made in gold, silver and bronze. Standardized coin was introduced in China in 221 BC. Silver coins were used during Charlemagne. But the lack of precious metals Mon created problems for the economy. So one of the goals of the Crusades is to overcome the lack of money. Similarly, the Spanish conquerors plundered the silver in Mexico. Today the paradigm has changed. No longer will depend on gold, silver and other precious metals for our money. Instead we use mostly paper money and electronic money. Money is essentially a matter of belief and even faith, and relies on the relationship between lender and borrower.

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