Why different countries do not have the same money? Detailed answer

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Why different countries do not have the same money? Detailed answer

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Why different countries do not have the same money?

To begin with, it must be said that it is difficult to define money. The London banker and the leader of an abandoned African tribe have different attitudes towards the issue of money. Money is not metal coins or printed bills. These are not British pounds sterling, not French francs, not Italian liras, not Spanish pesetas, not Russian roubles. Why?

Because they are all used as money, but at the same time, on one of the Pacific Islands, stones are still considered money. In short, all these things are only symbols. But they represent something real. The easiest way to define what money is is to agree on what will be the most convenient medium of exchange and what will be the measure of the value of goods and labor.

When a person wants something, he can exchange money in the form in which he has it for the desired thing. He can also get certain services for money. In the course of history, money has undergone great changes. An early form of money was cattle. Later, grain and salt came into use as money. At an early stage in the development of society, various objects and products were used instead of money.

Later, coins were minted, and then, about three centuries ago, printed paper money began to be used. As these more modern forms of money emerged, governments began to control the form of money and its value. Each country had its own monetary form. This continues to this day. We just haven't reached that level of civilization yet where all the people in the world, no matter where they live, could use the same money.

Author: Likum A.

Random interesting fact from the Great Encyclopedia:

Which writer was given a year of paid leave by her friends to make her literary debut?

Harper Lee was about thirty years old when she decided to seriously engage in literary activities and wrote several stories. However, she could only write in her free time from office work. At Christmas, Lee received an unexpected gift from two friends in the form of a paid annual leave in order to realize any of her plans. During that year, a draft of To Kill a Mockingbird was written, and after another three years of Lee's work with the editor, it was published and became a bestseller.

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