depositing their savings
Money – quite an ancient means for calculations. But market relations arose much earlier. For centuries, the ancient people made purchases, exchanged goods without the use of coins, banknotes and promissory notes. How did you manage to conduct trading operations, and what led to the emergence of modern money – in our material.
What people calculated in ancient times
Market relations emerged as early as 7-8 millennia BC. After the decomposition of the primitive communal society, not only living conditions improved, but also instruments of labor. Due to this, people began to appear surplus manufactured products, which were exchanged for more needed.
Different nations had their own subjects, acting in the role of money. Continue reading