Early Forms of Money, besides Currency, which may include Coins

Sometimes, when currency which may include coin is not ubiquitous in a society, that society turns to other items serve as money. This article examines several objects history have fulfilled the requirements of being some forms money, employed than what most people think conventional summarizes different early used time periods and geographic areas. The types possible earlier money examined this are wampum, warehouse receipts for tobacco, art during German Third Reich its aftermath, beaver fur pelts, rice, stone at Yap or Rai, cocoa, tea bricks, cigarettes, whale’s teeth, musket balls cattle. Interestingly cattle was first item played role started 9,000 B.C. livestock such goats were valued terms cattle, served unit account. There three something They must be store value. medium exchange. As described article, stolen immediate aftermath traded among small group people. For reason, it considered exchange, since so few purpose. In addition, artworks by part thefts Era had no example, painting artist X easily Y, without using dollar monetary measurements each painting. examples can help any economist who teaching researching about banking.