When we speak of money or bucks in today's world, we will not miss to converse about currencies or exchange rates, cheques, gold and the word "value". All these words are related to money matters. Why is there money? Why does it exist? Can we live without it? Why is it so important? The following facts will help us to know more about money.
. From the early time of our ancestors, they use to exchange their produced product from land to the product of another farmer. This system is called barter system. They trade their product which they think that is the right value in exchange of their product. Little by little, this system was improve by means of they can select one or two items in selected items. In 9,000 BC, they use livestock to trade for a bushel of one item. This system of selection was favoured then because there was convenience, they can choose a product with more value.
. In Egypt, they centralized all of the harvest of their people to a certain warehouse which this maybe the idea of banking originated. The Egyptians rulers then imposed system of managing the crops that will goes back to the farmers and the portion that will be given to their king. They generated a system of payment for debts; gathering of taxes from their subordinates, religious leaders and local and foreign traders. The Egyptians also commence the use of coin money in their grain warehouses to lessen their need of precious metals like gold and silver which care for their reserved materials to buy foreign materials which in connection to their military movement.
. In Mesopotamia, banking system rose when they needed to secure and safe keep their harvested grains and be stocked in their palaces and temples. They made local receipts to be given to their local farmers who deposited their products. Later on, some private people got interested to do this kind of work and got involved with this.
. The term currency, which to the many known this as money, later on became as a mean of exchanging. This exchange included the exchange in buying or selling products. In other countries, they used this early form of money to pay tribute to their kin or highest ruler, to pay as a blood-money if one got involve in heinous crimes, in bride-money, for religious practices and later on for their commerce activities.
. The oldest coin currency originated from Sumerians. Their bronze dates back in 300 BC. The coin has a representation of a sheaf of wheat and a portrait of their goddess of fertility, Ishtar. They called their coin as "Shekel" a meaning for a value of one bushel of wheat.
Author Resource:
It is good to be conscious about money matters at an early age. There are also ways for teenagers to make money . Through these ways, they will learn how to value it and how to put their earnings to good use. These meaningful and practical ways for teenagers to make money are accepted and observed by many teenagers in the US.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")