who founded money and when did it become popular
By natliegleb
@natliegleb (5173)
India
February 22, 2011 12:16pm CST
whom do you think would have founded the money concept and how it became popular,what do you feel about it and its widereach?
2 responses
@NatashaBird (640)
•
26 Feb 11
money has existed for thousands of years in one form or another, it is simply an evolution of how our ancestors traded goods.
Initially people would trade items they no longer wanted or needed for items they did needs with people who wanted the items they were offering. a simple example of this is in the fairy tale Jack and the Beanstalk wherein Jack traded his cow for the magic beans.
Eventually people started to place value of precious gems and metals and so people began trading their wares for small tokens of metals such as gold, silver and bronze or gems such as rubies and diamonds. These tokens of metals eventually developed into coins with different nations and civilisations developing their own currencies and markings for their coins.
after some time such metals stopped being used and symbolic "money" was developed to imitate it. Modern notes and coins are essentially representations the equivalent value of gold, silver etc.
To answer your question succinctly, no single person developed "money" and it became popular through natural evolution and neccesity for survival in organised societies.
Birdie -
@magtibaygom (4856)
• Philippines
23 Feb 11
I recently saw a business book displayed in National Bookstore. The title of the book is "Alan Greenspan: the man who invented money". He was then the director of the Federal Reserve.



