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Dragomir Dumitru Paul

on 13 January 2015

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Transcript of MONEY

Evolution of money and its value
For many centuries, countries minted their most highly valued coins in gold, using silver and copper for lesser value coins.

With the appearance of paper money, minting of metal coins was restricted to lower values, necessary as change.

Large quantities of modern alloys appeared, produced to support the high circulation of change money.

With time, these receipts came to be used to make payments, circulating from hand to hand, giving origin to paper money.
As levels of education and social freedom increase, the members of the collective become more individualized.

In addition to meeting their economic needs, achieving social acceptance or exercising political influence, they also seek to acquire a personal value as individuals in addition to or distinct from the value accorded to them by society.

Each individual conceives the value of money for success, perceives the value of money for social status, and senses the value of money as a means to fulfill physical needs.

Money became a symbol for the success and fulfillment of the individual as a member of the collective.

This system was kept up to the end of the last century, when cupronickel, and later other metallic alloys, became used, and coins came to circulate for their extrinsic value, that is to say, for their face value, which is independent from their metal content.
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