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The story of money goes hand-in-hand with that of mankind. Considering how important money is to each of us, this should come as no surprise.

Since at least as far back as 1200 BC, people have been giving value to objects such as cowry shells, metals, paper and now, computer code to use as mediums of exchange. When considering the value of, let's say, a cowry shell, a person today may wonder why his or her money had value. Well, actually it does not have inherent value: its worth comes from the implicit agreement between everyone using that form of money. As long as they believe their money has value, it does.

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Source: creditdonkey

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The story of money goes hand-in-hand with that of mankind. Considering how important money is to each of us, this should come as no surprise. Since at least as far back as 1200 BC, people have been giving value to objects such as cowry shells, metals, paper and now, computer code to use as mediums of exchange.

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International organizationsEuropean Common Market GATT General Agreement on Tariffs and Trade G8 IMF International Monetary Fund OPEC Organization of the Petroleum Exporting Countries