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they started out trading things that had a value all of their own but shaped so that the value could be known, gold silver and other metals shaped into coins were worth that amount because the material they were made of was worth that amount as the world became bigger and there was inflation in prices it began to be unwieldy to carry around sacks of coins for a loaf of bread so they began using representative money aka paper bills but it wasn't until recently that the bills were no longer based on the standard of what they stood for, such as the gold standard which meant that for every dollar issued by the us government there was that much worth of gold in its banks and forts Knox and stuff. going off the gold standard meant that the bills are only as good as the government that endorses them which is why there are exchange rates that fluctuate from time to time depending on how a country is doing monetarily.
basically they started using money to get a set standard of what some good or service is worth so that there was no need to have complicated trading going on
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∙ 15y ago
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What things can you weigh using a balance scale?
money
What are real life examples of a zero function?
Real life examples of using zero of a function in math include dividing an amount of money by a certain number of people to find out how much money each person will get when the number is divided equally.
Why is understanding place value important?
place value is important when using money
Why is using coins as money easier than using gold bars?
Because coins are more portable than gold bars. (by Solomon Zelman)
A man spends one fifth of the money in his wallethe then spends one fifth of What is lefthe spends 36.00 in all how much money did he start with?
started with 100
When people started using money?
People have been using "money" since the first civilazation. (Mesopotamia.) What currency of money are you looking for?
When did Fiji start using paper money?
1867
When do people start using computer?
people start using computer when the first computer were published at 19.. or 18.. or 20..
Do people make much money using concession carts?
Yes, people make money using concession carts depending on where and what they are selling.
Why did people start using flags?
to tell people what state there in
Why did people start using salt?
For seasoning.
When did people start using machines?
when they were invented
How old do you have to be to start putting money in your retirement fund?
There is no minimum age to start your retirement fund but there is a minimum age to start using that money. The sooner you start saving the better off you'll be later on in life!
Why did people start finding Delaware colony?
for money
How did the arctic people resolve conflicts?
by using money
How do people save money by recycling?
You save money by using material over again.
When did people start using running water?
i am asking!
