@aman18 5 May 2021 more from that month

History of Money Series- 1

Nomadic Life 30,000 years ago, There exists only Nomadic lifestyle it is considered as oldest form of human society. "drifting from place to place, some in the search of commodities or animals, and some to escape harsh weather " Somehow, nomadic lifestyle is still adaptable in the modern world for adventures or tourists. Limited Possession People lives in a very simple manner. they only carry things they needed. They move from one place to another so they didn't have useless material. list of things they have should be a pair of clothes, or two, a shoe, some tools, perhaps some pottery Barter exchange When they cross paths with neighbouring tribe or clan, they would exchange - wheat for fish, utensils for blanket or poultry for beef. there's no concept of currency, note or a legal tender Wealth was not Owned. We say that no one at that time delclared as World's Richest Man or Woman. People have very limited desires, communal living is common and they don't think outside that GREED Competitiveness: "crept into how many began to value him". it is also called Ego Ownership of commodities and livestock was inequitably distributed Now, people own specific skills at that time which has distinct value near the area they live in accordance to need of that skill This desparate ownership of commodities and skills gave rise to an arrangement of Mutual transactions 20,000 years passed including the Ice Ages, in adaption of bartering BARTER Barter system somehow still exist in some form or another People exchange gifts with each other, for example, or share harvests. Iran on account of international sanctions trades various commodities from other countries in exchange for oil. If we give something to someone, we except something from that person.