Appletons' Popular Science Monthly, Vol. 49: May to October, 1896 (Classic Reprint) - Softcover

William Jay Youmans

 
9780243005741: Appletons' Popular Science Monthly, Vol. 49: May to October, 1896 (Classic Reprint)

Synopsis

This book charts the evolution of money's role in human civilization. The book traces the history of currency from primitive barter systems to the use of metal coins and, eventually, paper bills. The author argues that paper money, which initially represented a promise to pay in gold, has gradually become a representation of value based on the overall economy, backed by the full faith and credit of the issuing government. This has enabled individuals and businesses to make transactions with ever-increasing ease and efficiency. The book sheds light on the intricate connections between our monetary system, economic development, and human progress, and highlights the ongoing evolution of money as a reflection of society's changing needs.

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