THE EVOLUTION OF MONEY

The Evolution of money is a trip that is worth travelling for those who have not travelled it before. The origin of money from barter to plastic money has been explored in great detail. An overview on the monetary system in the United States of America has been explored in depth. The basics of banking has been explained. The role of the Federal reserve bank has been elaborated in detail. The history of inflation in the 1970s has been investigated. Money itself has been explained in great detail. Many other related areas have been covered such as Barter, Commodity money, Metal money, Money objects, Ancient Coins, Gold, Silver and Copper, Paper Money, Different Shapes of Money, Monetary System, Cheques, Two Kinds of Money, The money Base, Reserve Ratio Requirements, Managing Loans and other Investments, Do Deficits Matter?, Debt Service, Government Debt versus Private Debt, Why the Government Borrows, Rolling Over Government Debt, Interest Rates in Borrowing, Government Debt as Perpetuities, Net Financial Wealth of the Private Sector, The Upper Limit to Government Debt, Two Components of Money Flows, The Vertical Component, and many more.