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THE MONEY
THE MONEY






NAME: JESUS EDUARDO ORTÍZ MURILLO
SEMESTER: 3°
GROUP: "G"
TEACHER: SERGIO CAMBRANIS

THE MONEY

Money (from the Latin denarius or penny, Romancoins) are allcommon medium of exchange and generally accepted by a society that is used to pay for goods (goods), services, and anysuch obligations (debts). Currently, the kind of money we use inday to day is fiat money.



THE HISTORY OF MONEY
Formerly, the common form of trade was barter system, exchanging goods andservices directly by others. This system is inefficient and we can see by the following example:
A farmer is dedicated to raising goats and need wheat to make bread. The person who grows wheat needs no goat, and therefore direct exchange is not possible. A blacksmith does want a goat to eat, but the farmer does not require the tools made by the blacksmith, but the grower does require tools for theirwork.
From the most primitive societies, people have needed to exchange the property obtained as a result of their efforts by others. Thus, he had collected the fruits of the earth at one point could want to change some of them for example skins. Thus arose the barter. The problem is that, at that time, exchanges depended on each individual's needs at all times, be a slow process and difficult toadapt to the immediate urgent needs of each individual.
In the example given, it is possible that the hunter had the skins do not want the fruits of the earth but wooden sticks. The task of barter could prove difficult, since in the first instance, require fruit picker to find someone willing to exchange the fruits of wood, then go to change this by skins. At some point could be that the fruitpicker that give fruits had wooden batons, and ask for a note equivalent to the value of fruit, and then may have gone along with this note to the owner of the skins, asking you changed This document (which had a value of wood) for furs, then later the wood could claim the issuer of the note (the owner of the timber).And probably, in that hypothetical situation, the holder of the skins may havereceived the note and then go to exchange it for wood poles, but her use it to get some other good or service elsewhere. Obviously, at some point the note could have returned to their original issuer in order to finally change the wooden sticks. But it could have happened, that some very special notes had never returned to its original sender, and remain circulating for a very long time in the circuituntil his eventual trade to its eventual destruction or loss of value, thus fulfilling a monetary function , this could well have happened with metal delivery notes issued by very important people, like kings or pharaohs.
Finally, in every community just popping some goods that are more easily changed than others, so that people claim they, not their utility but for its special ability to move themarket to serve as currency. So in short, its liquidity. A clear example would be cigarettes in the prison environment, which would be used even by non-smokers to switch to other property or chocolates in Europe after World War II, a product that served its acute shortage informally to children and adults currency of other goods. These examples illustrate that a general need or widespreadacceptance unites all, and allows the exchange of goods and services. In advanced civilizations, that kind of money is generally accepted that facilitates business transactions in an easy and simple, thus favoring the expansion of trade.

Of course, money that was used in its beginnings in ancient times was not as we know it. Different civilizations have adopted various goods to meet with them the...