how would the world be without money????

Question

help please!!!!!!!!!^-^

Answer 1

Without money, trade is dependent on an exchange of actual goods and/or services through a form of commerce known as bartering. The great problem with bartering is that the value of goods and/or services is relative to the means and desire of the acquiring party.

In other words, if all you have to trade is a hen and a dozen chicken eggs, but I'm a chicken farmer having a surplus of chickens and eggs, your hen and chicken eggs are worthless to me. On the other hand, if I'm starving, your hen and chicken eggs are invaluable to me.

Now imagine I'm not just a chicken farmer: that's my avocation; professionally, I'm a physician -- and your child is seriously ill. Ignoring charity, if all you've got to offer is a hen and a dozen chicken eggs, you're screwed.

Of course, if I'm starving, it's probably because the government confiscated my chickens and eggs (my entire means of production) because I was in default by 2 cows and a pig for my student loans --

Nevermind that I was trying to acquire the bovine and porcine assets required for repayment of those loans, that I was no spend-thrift, that I had no vices and that I did not frivolously splurge on meals or clothing or housing or transportation or anything else.

And can you imagine what that would do to civil penalties (fines, pecuniary awards)? The next thing you know, there'd be a legal determination of the value of certain things with respect to others: 1 horse = 1 cow + 2 pigs = 1 pig and 14 goats = 86 chickens --

Or whatever: it would be a nightmare. And then there might be a weighting system that qualified each of the items considered in trade on the basis of their apparent health at the time of the trade, which would involve notoriously corrupt public assessors.

Theft would be a nearly universal plague, as people struggled to get the thing or things needed to trade for the products or services they needed or wanted. Penalties for theft would be extreme (amputation of limbs, and/or starvation or beheading).

Human slavery would return, women and children would be chattel.

If you eliminate both money and barter, it's bona fide chaos: each person ultimately fends for himself or herself. This would lead to two classes of people: those organizing communal clans, who defend each other and share with each other the spoils of their conquests; and those living as marauding individuals.

Answer 2

If this is a homework question its actually a very personal one! Where do YOU think the world would be without money? Personally Id love it, back to the barter system no more competing like psycho chickens, everyone making their way on what they can DO instead of what they can EARN. Think about it.

Answer 3

Well pretty much money is an item that trades for another, more useful items. So without currency in the world, people would just trade something they own for something they wish to own.

Answer 4

There would be a whole lot of clumsy type bartering going on. Money is a social reality we can not do without in the modern world.

Answer 5

I think the world would be a free-for-all. you could just take whatever it is that you want. it would probably be unruly

Answer 6

instead of using bills and coins as currency, we would trade items.....like i would trade 2 cows for a new computer :D

Answer 7

tyranny