How The Invention of Money Changed Civilization Forever
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YouTubeThe Idea Library
How The Invention of Money Changed Civilization Forever
Before money existed, trade relied on the barter system — a direct exchange of goods between two people. But barter had a fatal flaw: it only worked if both people wanted exactly what the other had at exactly the same time. Economists call this the double coincidence of wants. As civilizations grew, this system became increasingly inefficient ...
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