HISTORY

• MONEY


  -an object anything that circulates widely as a medium of exchange for goods and services.

  -defined by the functions it serves in the economy
• SALT


  Latin word salarium, which also means "salary" and has the root sal, or "salt."
• MONEY


  Latin word moneta with the meaning "coin" via French monnaie. The Latin word is believed to originate from a temple of Juno from rome.
• CAPITAL


  means asset -Latin word capita (head)
• SALARY


  salário (compensation normally in money)
• Date took form of paper notes issued by private banks.

  19th century
• BARTER


  exchange of merchandise for merchandise without value equivalence.

  an elementary form of trade, found among people of primitive economies
• COMMODITY MONEY


  assumed role of currency, circulating as an element of exchange for other products and used to assess their value
• Cattle


  (bovine)-moves,reproduction & render service. Risk: disease and death commodity money in portugal
• SALT


  difficult to obtain, interior part of continent, used to preserve food commodity money in portugal
• Percunta


  money in portugese
• pecúlio


  accumulated money derived from Latin word pecus (cattle)
• COWRY


  commodity money in Brazil, brought by africans
• Brazil wood, sugar, cocoa, tobacco and cloth 


  exchanged in Maranhao in 17th century (traded in the form of yarn ball, skeins and fabrics)
• 3 reasons COMMODITIES BECAME INCONVENIENT


  Changes in their value

  Being indivisible and easily perishable
• 4 ADVANTAGES OF METAL

  Possibility of treasuring

  Dvisibility

  Easy transportation

  Beauty
• METAL EXCHANGED IN DIFFERENT FORMS

  -natural state to ingots (a block of metal, typically in oblong shape)

  -transformed to objects (rings, bracelets etc.)
• REQUIREMENTS OF TRADING METAL

  Weight assessment and assaying of its purity.

  Later gained, definite form and weight, a mark indicating value
• 4 REASONS WHY METAL INCREASED IN VALUE

  its production

  knowledge in melting

  knowing where it could be found in nature

  the task was not at reach for everyone.
• Talent


  copper or bronze coin with form of animal skin circulated in Greece and Cyprus
• Athenian Owls


  silver coins issued by Athens featuring the owl of Athena
• 7TH CENTURY B.C.


  when first coins resembling current ones appeared
• MINTING 


  the process of manufacturing coins using a kind of stamping
• LYDIA


  coins made of -small oval ingots made of electrum (gold and silver alloy)
• ALEXANDER THE GREAT OF MACEDONIA 330 B.C.


  -first effigy in coins

  -replaced athenian owls
• ALEXANDERS


  term referred to effigy of coins of alexander the great of macedonia
• GOLD STATERS


  -gold alexanders
• TETRADRACHMS


  -silver alexanders
• 700 B.C Lydians


  became the first western culture to make coins
• GOLD AND SILVER


  First metals used in coinage
• 5 REASONS GOLD AND SILVER USED FOR COINAGE

  Rarity

  Beauty

  Immunity to corrosion

  Economic value

  Old religious habits
• MINITING


  Guaranteed by their INTRINSIC value meaning trade value of metal was used in production.

  Gold-highest value

  Silver & Copper- lesser value
• Minting using Cupro-nickel & metal alloys


  End of last century, focused on EXTRINSIC value meaning face-value is independent from their metal content
• FIRST BANK NOTES


  made in Brazil by Banco do Brasil on 1810
• TANG DYNASTY (A.D 618-907)


  when the Chinese first used paper bills
• Mickey Mouse Money


  (Japanese issued) in World War II since value of money was low might as well be “play money”
• ELECTRONIC MONEY


  -is an electronic store of monetary value on a technical device that may be used for making payments to entities other than the e-money issuer
• STATER


  small coins found in Found in Aradus, Phenicia
• THALER


  made on 17th century, a Swedish copper piece
• 3 DIFFERENT SHAPES OF COINS

  Oval

  Square

  polygonal