The money is a so important part of our daily life we looked for that it incessantly, but rarely we pause to consider that it is. The modern financial system, with its tickets, checks, bottoms federals, and other complex financial instruments did not arise overnight. It has been developed throughout centuries. The money Is everything what it constitutes means of change or payment commonly accepted. At the outset it took the form of merchandise, but with time it was transformed into money-paper and current All these instruments consider the same essential quality: they are accepted as average of payment in the purchase of goods and services. The societies have happened in the use of the money through numerous historical phases. The sequence of the exchange, the money-merchandise, the money paper and the banking money sample how evolved this one in the course of the time.
The exchange and the use of the money. When Stanley Jevons, in one of first text books on the money, wanted to ahead illustrate the tremendous jump that gave the civilization when it happened of the exchange to money to realise interchanges. The money as half of change appeared for the first time in the history of the man in the form of merchandise, of very diverse types: cattle, olive oil, beer or wines, receive, iron, gold, silver, ring and diamonds.In century XIX, the money-merchandise were limited metals almost exclusively. The silver shines, but it dims. As far as gold, its high specific gravity causes that it is easy to detect any falsification or adulteration.
But during most of history, its value of shortage by ounce has been so serious that they were necessary excessively small currencies to realise ordinary purchases.The majority of the used classes of money tended to be valuable or useful by themselves. Thus, the gold has been used in the odontolgy and the Jewelry shop. Nevertheless, the intrinsic value of the money is less important of he. The era of the money-merchandise opens the way to the one of the money-paper. Today, essence of the money is in the open. The money like so and not as merchandise, do not look for by itself, but by the things that can it bought with him. We do not want to have it to consume it directly but, rather, to use coming off it to us him. Even though we decide to conserve it, its value derives the fact that we can spend it later.The money is an artificial social convention. If by any reason, a substance like money begins to be used, the public would begin to value it. A person who does not smoke will evaluate cigarettes if these constitute the money in a concentration camp.