Who Invented Money? Up until 1500 BC all money was cattle, lambs, goats or pigs – live money that was real life-support wealth, wealth you could actually eat. Steers were by far the biggest food animal and so they were the highest denomination of money. The Phoenicians carried their cattle with them for trading but these big creatures proved to very cumbersome on long voyages. This was the time when Crete was the headquarters of the big-boat people and their new supreme weapon – the lines-of-supply-control ship. Crete was called the Minoan civilization, the bull civilization, worshippers of the male fertility god.
The pair of joined bulls horns symbolized that the particular ship carried real-wealth traders – that there were cattle on board to be exchanged for local-wealth items…
Graduating from carrying cattle along for trading in 1500 BC, the Phoenicians invented metal money, which they first formed into iron half-rings that looked like a pair of bull’s horns. (Many today mistake them for bracelets.) Soon the traders found that those in previously unvisited foreign countries had no memory of the cattle-on-board trading days and didn’t recognize the miniature iron bull horn. If metal was being used for trading then there were other kinds of metal they preferred trading with people – silver, copper and gold were easy to judge by hefting and were more aesthetically pleasing than the forged iron bull horn symbols.
This soon brought metal coinage into the game of world trading with the first coin bearing the image of the sovereign of the homeland of the Phoenicians
2007-06-21 05:22:07
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answer #1
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answered by Michael N 6
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George Washington
2015-12-06 04:24:58
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answer #2
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answered by Juan 1
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Before money was created to for exchange of goods and services, there existed a barter system wherein people traded stuff for other stuff. It came as far as using salt as a means of currency.
2015-03-27 20:11:21
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answer #3
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answered by James Edward 2
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Everyone was taught that money was invented to replace the messy business of barter. It’s hard work walking my cow all the way to your village to trade for firewood … and then carrying all of that firewood back home. And what if no one wants my cow?
2014-12-04 05:47:30
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answer #4
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answered by linda 2
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Socialism = Government Ownership
Government Ownership = Less freedom
Less Freedom leads to slavery
2015-07-02 20:25:57
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answer #5
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answered by ? 3
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Money is just an item used to exchange goods and services.
You can trace back to the earliest civilizations and find coins erected which were used.
Also livestock and slavery were the same way money is used today.
We place values on everything...it's the old supply and demand curve.
2007-06-21 04:45:00
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answer #6
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answered by ? 2
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It's believed that it goes back to Swaziland, or maybe China.
Do you really want to go back to the barter system?
2007-06-21 04:36:11
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answer #7
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answered by Anonymous
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someone stupid, if money didn't exist we could get whatever we want when we want and not have to go to work!
2015-01-02 08:53:36
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answer #8
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answered by Caleb 4
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The world's oldest profession. No money, no...
2007-06-21 04:41:28
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answer #9
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answered by megalomaniac 7
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CHINESE I THINK. IF THERE WAS NO MONEY ,I THINK IT GONNA BE VERY DIFFICULT,IMAGINE THAT YOU WANT A BEER AND YOU HAVE 5LOAVES ,AND YOU HAVE TO FIND SOMEONE TO BARTER WITH HIM.
2007-06-24 21:59:45
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answer #10
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answered by jammal 6
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