
For my partners of 4-B

All of uss know wath is money but do you know how the people use money in the past?

In the past people trade thing that they have for thigs that they want



Metals had not been discovered, so they hunted and farmed with stone tools – this time was known as the Stone Age.





Stone Age men and women did not have the banknotes and coins that we use today. Instead, they would exchange goods with each other:



for example, a hunter could exchange animal skins with a farmer for grain, or a fisherman could exchange decorative seashells for a polished stone axe with a hunter.







This exchange is known as barter. An important feature of barter is that it involves the exchange of goods that have value.



When our ancestors learned how to make metals then exchanges became easier.
This is because metals, such as gold silver, tin and iron, were valuable to everyone.

So, a farmer could barter his cattle for a certain weight of silver, then later, the farmer could use some of this silver to pay his taxes. In this way, valuable metals and other objects became a 'measure of value', a 'medium of exchange' and a way to 'store value' until it is needed.

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For my partners of 4-B

All of uss know wath is money but do you know how the people use money in the past?

In the past people trade thing that they have for thigs that they want



Metals had not been discovered, so they hunted and farmed with stone tools – this time was known as the Stone Age.





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