Why was money made in the first place?

Answer 1

Business has always been around but paying for goods had to be done by barter. I will buy 6 of your eggs if you take two pints of my milk. That worked, but when it gets bigger (ie) I will swap 2 acres of my land for your three cows and then he has to go an find someone who wants three cowns before he can do any more business. It all got out of hand and very difficul to move your assets around - so money became the name of the game.

I believe the first money was blocks of salt. (ie) 2 blocks of salt is worth one cow, three chickens, or a wife.

Answer 2

Money was made to replace bartering that was the way people traded in the beginning.

Then some greedy person's came up with the idea that if they could find a way to pay for food, a cow, or sheep.
Money is the result we don't need an animal to get food or a cow to swap for 10 sheep, we simply pay money, in many cases there is no difference because, now you try getting the money to buy what you want.

Answer 3

I am not certain of this story,but I beleave money was to replace heavy pieces of gold and silver, that is where the saying cross my palm with silver comes from. The first coins were made in Roman times possibly earlier,one thing I do know is we are not likely to be carrying any money at all in the years to come. Because the banks say it is to expensive to deal with and far to heavy. So they are devising ways to pay from everything from train tickets to a cup of coffee with your mobile phone using a pin. Even supermarket shopping. Their has already been a trial going on in Japan for this. Personally I like having money I know where I am I have never had or used a credit card. I have one bank card I use in emergency only.

Answer 4

It is a token to represent power. Many hundreds of years ago we used a barter economy - a blacksmith would exchange shoeing a farmer's horse in exchange for a certain amount of the farmer's produce. But then what if the horse was shoed in the autumn, when there are no crops and the blacksmith may not be paid for his services for nearly a year? Then the blacksmith needs a token to represent the farmer's debt to him - and that token is money. The farmer gives him something which represents his gratitude - and the blacksmith may then give it back to him (i.e. cash in the farmer's debts) when the farmer can pay him. It represents debt to others, and the more money you have the more people are in your debt.

Answer 5

Money came in many different forms, livestocks are sometimes use as money too.

Money was made so there's at least a common standard between people.


Now if you mean IOU (I Owed You) notes/tokens, that is a different thing. It was used as a way to complete a deal without delivering money or other things in person.


Anyway. The love of money is the root of all evil, but money itself is not the root of all evil.

Answer 6

They are a representation of a standardized value. IE instead of carrying around a cow that I want to trade I can carry 10 coins that represent the value of that cow, Then I can trade them to you for x amount of food or whatnot. And now you have the currency that is the value of 10 cows and you can now go buy whatever you want with the value of your 10 cows. SO money is not the root of all evil like some people say. It is pure greed. Money is a representation of greed.

Answer 7

Yes it was made in the first place

Answer 8

Before currency, there was barter. "I'll trade you four chickens and a pig for that cow".

It got difficult lugging all those chickens, pigs, and cows around, so they started substituting currency for the value of the item instead of using the item itself.

Answer 9

click on this link tells you why and how bank notes are not worth the paper there printed on all a con and a way the elites can controll us .

http://www.relfe.com/plus_5_.html

Answer 10

it has been around since the beginning of man..read some history books