The History of Money

Paper Summary:

This paper details how money as a tool was born and what significance it played in people's lives throughout the times. This paper also provides a definition of the concept and how it has evolved over time. The paragraphs below explain how the concept of money has provided a foundation for today's global culture. This paper explores how this concept has become misunderstood and intangible over time. By understanding the history of money, one can take with them a better grasp of how to handle the current economic environment. With hope, maybe this understanding can lead to change within the present economy.
Introduction
Definition of Money
Early Coins
Early Banking
Paper Money
American Monetary System
Intangible Money
Conclusion

From the Paper:

"There is a common misconception among people that money means something or has value in our culture. In today's current economic environment and age of speed of light technologies that bring people closer together than ever before, it is difficult to imagine that money does not have any real value. It really depends on one's concept or definition of money. Right now in this day and age where the system is failing so many as the cost of living grows higher and the average wage stays the same, it is easy for one to become obsessed with the notion of money being valuable. A wise man once told me that money is a tool and how you chose to use will define your character. He also expanded this idea by elaborating money as a tool can make things happen, rather those things are good or bad is entirely put to the person handling the money. With this in mind, it is easy to see how wrapped up society has become in money and how it works. Now more than ever, money seems so fluid and intangible as it can take on many forms, not just paper but bursts of light over a telecommunications wire or the magnetic strip of a debt card. It is seems now more than ever as the relationship of supply and demand of money becomes twisted, people need a better understanding of how money came to be so important."

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