Money is a medium of exchange,it allows people to obtain what they need to live.
Money is power because money can give you everything.
There are different forms in which money has evolve to.
,the first evolution of money is trade by barter.Exchanging your goods for other good.its a system called direct trade.With barter, an individual possessing any surplus of value, such as a measure of grain or a quantity of livestock, could directly exchange it for something perceived to have similar or greater value.
The next evolution of money is gold.
Gold became a general means of exchange for goods because its accepted by everyone because of its nature,so it has the ability to store value.
due to gold scarcity gold money evoluted to other expensive element like silver,metals because of the goods produced is more than the gold available.
The next evolution of money is paper money.Paper money is first the receipt of gold you have.
Paper money was invented in America.
The Evolution of money to paper was possible because America at that time has two third of all the world gold so they created gold receipt presently known a dollar.Thats why dollar is the central of paper money.
There are other paper money like the euro,pounds,naira etc....
,there are banks where you can store your paper money and there arise another Evolution of money called elecronic money. due to technology money evolve.
The new and present evolution of money is crypto currency.
It was created in the wake of the 2008 global financial crisis as a way for people to control their money themselves, without having to rely on companies, banks, or governments and their fees and controls.
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