Regarding the origin of currency, I believe that many people have read the statement that “currency was created because barter transactions in primitive society were very inconvenient, and currency as a general equivalent was gradually produced.”
However, whether it is archaeological research or the observation of the underdeveloped human tribes that are similar to primitive societies still existing, we can see that the first time when the hunter-gatherer people changed to the semi-settled life and the division of labor and trade began to appear, Money is created. That is to say, there is no evidence to prove that there was a long period of time in human history when barter transactions were the mainstream, and then currency was used as a general equivalent to replace this form of transaction.
Money, be it gold, silver or shells, arose at the time of the transition of human beings to a productive lifestyle of sedentary and division of labor.
In other words, money has been built on credit since its inception. I traded my hard-worked basket for a bunch of small shells, because I believe that when I need food to feed my stomach, this pile of small shells can be exchanged for food. Currency has always been based on credit and represents credit.
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