Payments History

In the beginnings of polish, there was still no payments system as we have now, however, there already existed the necessity of trade. Thus, people adequate the barter, which was a simple exchange of goods for goods, without equivalent cheer. Since there was no measure of value to compare the goods, the exchange began to rely on goods that were most useful and frequently requested, like cattle and salt. In addition, considering the Brazilian context, the most apply goods were redwood, sugar, cocoa, tobacco and cloth. All in all, such goods began to be used as coins in allege to evaluate the goods of the barter. In reason of the perishability and of the limitations of transport, fractionation and accumulation of the goods, this kind-hearted of notes became inconvenient to commercial transactions. At that same time, the civilization detect the admixtures. Since those metals were rare and able to overcome all of the lively limitations of the employment of goods as curre ncy, the metals became the major currency on payments. At this point, the graduation exercise coins with characteristics similar to those used today were minted. Indeed the value of the coin was assigned according to the weight and the rarity of metal used on its confection, gold being the most valuable, followed by argent and bronze.

This minting of coins in gold and silver began in the seventh atomic number 6 BC and remained for many centuries until the emergence of paper notes. idea money originated as a admit that was delivered by the goldsmiths, who was a class of bank that held the coins for people. In possession of that reception, it was possi! ble to recognize payments in commercial transactions transferring the receipt. The new holder of the receipt could thusly go to goldsmiths and remove the coins or pass on the receipt in another transaction. With the advent of paper money, the minting of coins was restricted to degrade values with metals of lower intrinsic value. Thus, the currency started to transmit through...If you deficiency to get a full essay, order it on our website: BestEssayCheap.com

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