|
History Of Money
The history of money concerns the development throughout time of systems that provide the functions of money. Such systems can be understood as means of trading wealth indirectly; not directly as with bartering. Money is a mechanism that facilitates this process. Money may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money), be legally exchangeable for something with intrinsic value ( representative money), or only have nominal value ( fiat money). Overview The invention of money took place before the beginning of written history.Denise Schmandt-Besserat [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary System
A monetary system is a system by which a government provides money in a country's economy. Modern monetary systems usually consist of the national treasury, the mint, the central banks and commercial banks. Commodity money system A commodity money system is a monetary system in which a commodity such as gold or seashells is made the unit of value and physically used as money. The money retains its value because of its physical properties. In some cases, a government may stamp a metal coin with a face, value or mark that indicates its weight or asserts its purity, but the value remains the same even if the coin is melted down. Commodity-backed money One step away from commodity money is "commodity-backed money", also known as "representative money". Many currencies have consisted of bank-issued notes which have no inherent physical value, but which may be exchanged for a precious metal, such as gold. (This is known as the gold standard.) The silver standard was widespread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aes Signatum
AES may refer to: Businesses and organizations Companies * AES Corporation, an American electricity company * AES Data, former owner of Daisy Systems Holland * AES Eletropaulo, a former Brazilian electricity company * AES Andes, formerly AES Gener, a Chilean electricity company * AES Hawaii, an American electricity company * American Education Services, part of the Pennsylvania Higher Education Assistance Agency * Asian Educational Services, an Indian publisher Schools * Academy of Environmental Science, in Crystal River, Florida, U.S. * AES Algiers, in Algeria * AES Bhausaheb Firodiya High School, in Ahmednagar, India subsidiary in São Paulo, Brazil subsidiary in Chile * American Embassy School, New Delhi, American Embassy School, in New Delhi, India * Ascension Episcopal School, in Louisiana, U.S. * Assumption English School, in Bukit Panjang, Singapore Other organizations * AES Group, now AES+F, a Russian artist collective * Amateur Entomologists' Society, a British organisati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metalsmith
A metalsmith or simply smith is a craftsperson fashioning useful items (for example, tools, kitchenware, tableware, jewelry, armor and weapons) out of various metals. Smithing is one of the oldest metalworking occupations. Shaping metal with a hammer (forging) is the archetypical component of smithing. Often the hammering is done while the metal is hot, having been heated in a forge. Smithing can also involve the other aspects of metalworking, such as refining metals from their ores (traditionally done by smelting), casting it into shapes ( founding), and filing to shape and size. The prevalence of metalworking in the culture of recent centuries has led '' Smith'' and its equivalents in various languages to be a common occupational surname (German Schmidt or Schmied, Portuguese Ferreiro, Ferreira, French Lefèvre, Spanish Herrero, Italian Fabbri, Ferrari, Ferrero, Ukrainian Koval etc.). As a suffix, ''-smith'' connotes a meaning of a specialized craftsperson—for ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aes Rude
Aes rude Pliny the Elder: ''Naturalis Historia'', XXXIII, XIII, 43 (Latin, "rough bronze") was a nugget of bronze used as a sort of proto-currency in ancient Italy prior to the use of minted coins made from precious metals. The Italian economy of the time (late middle first millennium BC) was based on a bronze standard (unlike the silver standards in use in contemporary Greece, the Aeginetan standard and its competitor the Attic standard). Consequently, unworked lumps of bronze were used as both primitive ingots and as primitive coins, facilitating trade across the peninsula and paving the way for the first true Roman ingots, the '' aes signatum'', which, in turn, was the precursor of the first Roman true coinage, the '' aes grave''. The earliest surviving piece of ''aes rude'' dates from the early 8th century BC and as late as the late 4th century BC, and was cast in central Italy. It is, simply, bronze, shaped vaguely like a lumpy ingot. Only later on did it become usual to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Republican Currency
Roman Republican currency refers to the coinage struck by the various magistrates of the Roman Republic, to be used as legal tender. In modern times, the abbreviation RRC, "Roman Republican Coinage" originally the name of a reference work on the topic by Michael H. Crawford, has come to be used as an identifying tag for coins assigned a number in that work, such as RRC 367. Coins came late to the Republic compared with the rest of the Mediterranean, especially Greece and Asia Minor where coins were invented in the 7th century BC. The currency of central Italy was influenced by its natural resources, with bronze being abundant (the Etruscans were famous metal workers in bronze and iron) and silver ore being scarce. The coinage of the Roman Republic started with a few silver coins apparently devised for trade with the Greek colonies in Southern Italy, and heavy cast bronze pieces for use in Central Italy. During the Second Punic war a flexible system of coins in bronze, silver an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metals
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commande ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University
Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence. It is a member of the Ivy League. Columbia is ranked among the top universities in the world. Columbia was established by royal charter under George II of Great Britain. It was renamed Columbia College in 1784 following the American Revolution, and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coin
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government i .... Coins often have images, numerals, or text on them. Obverse and reverse, ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the wikt:front, front face of the object and ''reverse'' means the wikt:back, back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Graeber
David Rolfe Graeber (; February 12, 1961September 2, 2020) was an American anthropologist and anarchist activist. His influential work in economic anthropology, particularly his books '' Debt: The First 5,000 Years'' (2011) and ''Bullshit Jobs'' (2018), and his leading role in the Occupy movement, earned him recognition as one of the foremost anthropologists and left-wing thinkers of his time. Born in New York to a working-class Jewish family, Graeber studied at Purchase College and the University of Chicago, where he conducted ethnographic research in Madagascar under Marshall Sahlins and obtained his doctorate in 1996. He was an assistant professor at Yale University from 1998 to 2005, when the university controversially decided not to renew his contract before he was eligible for tenure. Unable to secure another position in the United States, he entered an "academic exile" in England, where he was a lecturer and reader at Goldsmiths' College from 2008 to 2013, and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Accounting
The history of accounting or accountancy can be traced to ancient civilizations.Keith, Robson. 1992. “Accounting Numbers as ‘inscription’: Action at a Distance and the Development of Accounting.” ''Accounting, Organizations and Society'' 17 (7): 685–708. The early development of accounting dates to ancient Mesopotamia, and is closely related to developments in writing, counting and money and early auditing systems by the ancient Egyptians and Babylonians. By the time of the Roman Empire, the government had access to detailed financial information. In India, Chanakya wrote a manuscript similar to a financial management book, during the period of the Mauryan Empire. His book ''Arthashastra'' contains few detailed aspects of maintaining books of accounts for a sovereign state. The Italian Luca Pacioli, recognized as ''The Father of accounting and bookkeeping'' was the first person to publish a work on double-entry bookkeeping, and introduced the field in Italy. The moder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Good (economics)
In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable. A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, almost anything owned or used on a daily basis that is not food-related. A consumer good or "final good" is any item that is ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
