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A Brief History of Money

We've all heard the phrase 'money makes the world go around' - and essentially it does.

Sometimes, the best way to excel at something is to know it inside out. That said, we are aware you want to make money, so to get those profit-making juices flowing, here is a brief history of money.

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Before we delve any deeper, consider this:

Money, in a physical sense, could come in any form imaginable. It can be a shell, a metal coin, a bag of rice, or an image clad piece of paper, but the value that people place on money has little to do with its physical value. Money gets its value from being a medium of exchange, a unit of measurement, and a mark of wealth. Money allows people to trade goods and services indirectly, gain an insight into the price of goods, and offers us a way to save for larger purchases in the future.

Yes, currency is a concept and it makes the world go round. But, where did it come from?

The idea of the value of items and exchange of goods dates back around 3,000 years; before that, people used to barter for things that they were hoping to acquire. Back in the day, proposals like 'I'll give you a stone axe if you help me take down that giant mammoth', might well have been the order of the day. Over time this system was refined as goods like animal skins, salt, and weapons were exchanged between people - a primitive type of prehistoric currency was born.

In 600 B.C., Lydia's King Alyattes minted the first official currency known to man. The coins were made from electrum, a mixture of silver and gold that forms naturally, and stamped with pictures that acted as different denominations.

Over the years, other nations cottoned on to the delights of money and eventually, many countries starting with China, migrated to paper currency. As foreign trading increased, different currencies were developed, offset against each other, and eventually, the mixed and varied global economy we know today was formed.

To learn more about the history of money, check out the above video and get a firm grip of currency and its key developments throughout the ages - it's guaranteed to put you in a profit-making mindset.

Now that you understand more about the origins of money, use your newly acquired knowledge to go out there and make some. Oh, and remember:

Thoughts are mental energy; they're the currency that you have to attract what you desire. Learn to stop spending that currency on thoughts you don't want. - Wayne Dyer

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