Pages

Wednesday 13 February 2019

Evolution of Money - Ancient Times

Ancient Times


Before using coinage in the first millennium B.C, the Ancient Egyptian society payments were made in the form of rations of cereals, meat and fabric. The standard base salary of ten loaves of bread and one third to two full jugs of beer per day. They would trade goods such as silver rings and gold pieces shaped like sheep. Cities lived by trading with each other. Farmers brought food into the villages. Village people made things such as pots, beads and cotton cloth. Traders brought the materials workers needed and took away finished goods to trade in other villages. The advantages of trading were getting something in return. The disadvantages are when you want to trade with someone and they are not interested in what you are willing to trade with.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.