[melomal]

Currency evolved from barter > to bartering with set mediums of exchange > to coins representing exchangeable goods > to coins stamped in precious metal > to paper representing coins > to notes representing gold or silver > to being redeemable exclusively for gold > to the end of the gold standard.

Money’s value has been dictated by how much of something a currency can buy – which is dependent on inflation and economic performance.

I would love to have seen/heard the conversations that were had around the changes that people had to go through and if the conversations were similar to this day. Because I would imagine that back then, considering that money is just an agreed upon invisible force a la Bitcoin, people probably hard a very hard time understanding the intrinsic value of this metal coin/paper money.