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 total 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 capitals in order 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 funds became inconvenient to commercial transactions. At that same time, the civilization discovered the admixtures. Since those metals were rare and able to overcome all of the lively limitations of the employ of goods as curren cy, the metals became the major currency on payments. At this point, the first-year 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 silver and bronze.

This minting of coins in gold and silver began in the seventh ascorbic acid BC and remained for many centuries until the emergence of paper gold. idea money originated as a admit that was delivered by the goldsmiths, who was a potpourri of bank that held the coins for people. In possessi on of that communicate, it was possible to ! recognize payments in commercial transactions transferring the receipt. The new holder of the receipt could and then 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 level values with metals of lower intrinsic value. Thus, the currency started to transmit through...If you regard to get a full essay, order it on our website: BestEssayCheap.com

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