Love is a many splendor thing but Money makes the world go round; or so these popular sayings go. It seems that everywhere we go and whatever we do money is needed to pave the way. On a very basic level we need money to buy the food that sustains our body, money to rent, buy or build the house that shelters us, money to pay for the utilities that make our houses livable, money to buy the clothes that we wear, money to buy gas or pay for whatever public transport that gets us from Point A to Point B as we go through our daily routine. Money has become indispensable to mankind.
But how did we get here? How did the concept of money become so deeply entrenched in modern society? Surely our primitive ancestors, the very first Homo sapiens who populated the earth during the Old Stone Age didn’t need money. It is well documented that they were hunter gatherers that lived off the land.
Again, this begs the question, how did we get here? How did we get from a world where we can live off the resources of the land to a place where we need to pay coin for every little need to be satisfied?
Arguably, it is said that the evolution of money started with the introduction of the barter system. There is a significant body of evidence that points to ancient markets working on a structure called a medium of exchange. The items for exchange varied from necessities such as grain to ornaments such as beads, shells and other useful products of that time.
Our ancient predecessors were also no slouch when it came to keeping a record of money spent and money owed. In fact the earliest known record of what we would now call a ledger has been dated back to 30,000 years ago.
The first theory of how money came to be is called the Commodity Theory of Money also known as the Money of Exchange. This theory states that money is the natural, logical result of market or economic activity. This theory supports the idea that the value of money is directly derived from the intrinsic value of the material which it was made. Thus mediums of exchange would include precious metals and stones.
The second theory is known as the Credit Theory of Money. This theory emphasizes the relationship between credit and money. Proponents of this theory argue that for the better part of human history money has been used to represent debt and that money itself is a direct result of a need to create a unit account for debt.
Fast forward to our time and we have come a long way from exchanging beads and shells. Modern technology has given us the capacity to branch out even further and no we have the latest evolution of money which is Bitcoin.
But whatever form money takes there is no denying that we need it to enjoy a reasonable quality of life. So if you are like me and looking for a Simple Two Step Formula to increase your income go ahead and visit https://alanjeonline.com/simple-two-step-formula/.