The only drawback was that the money had to be an agreement within a community, could have no money sense out of context. For example, if the exchange element of a community were whale teeth, those teeth were worthless outside the community (trade stuff). So a little later came the concept of currency. Currency, now is an element of exchange accepted in an area much more extended than the community itself.
The most common currency was pure gold, although throughout history have also appeared others, such as salt or pepper. Currencies intercontinental trading facilitated greatly. Throughout the Middle Ages, began to emerge a transcontinental trading routes trying meet the high European demand for goods and goods, especially luxury. Among the most famous routes highlights the Silk Road, but there were other important as import routes pepper, salt or dyes.
Before the nineteenth century transatlantic crossings between America and Europe were made in sailing, which was slow and often dangerous. With steamboats, crossings became faster and safer. Then they began to emerge major ocean carriers with very frequent crossings. Soon, the fact build the largest ocean liner, fast or fancy, became a national symbol.
From the seventeenth century onwards, almost all transatlantic crossings to North America, port of arrival was New York. Soon transatlantic trading New York became the first port in North America, and consequently attracted most of goods and all future transatlantic passenger traffic. New York became the commercial capital of United States (US) and one of most important cities in world.
Non-combatant members of Order of Temple (Knights Templar) (XII-XIII) managed a complex economic structure throughout the Christian world, creating new financial techniques (notes and even the first bill of exchange) that constitute a primitive form of modern bank. Among the services offered was transporting money. The pilgrims could deposit money in an establishment and then go to another facility and remove, even between different countries, thus contributing to road safety. This was the first draft.
Barter was the way ancient civilizations began to trading. It is exchanging goods for other goods of equal value. The main drawback of this trading is that the two parties involved in business transaction had to match the need of goods offered by the other party. To solve this problem arose a series of intermediaries that stored the goods involved in commercial transactions. These intermediaries often added a too high risk inse transactions, and therefore this trading was quickly shelved when it appeared the coin
The pioneers in this area were money changers operating in annual fairs and basically dedicated to make changes in currency charging a commission. These moneychangers were growing to point that were the great families of European bankers like the Medici, the Fugger and Welser.
Around 1400, the disruption of Mongol Empire, the growth of Ottoman Empire and the end of Byzantine Empire causes all routes of European trading with the East are blocked. The search for new routes, the rise of merchant capitalism and the desire to explore the potential of a global economy in Europe prompted the Age of Discovery.
The most common currency was pure gold, although throughout history have also appeared others, such as salt or pepper. Currencies intercontinental trading facilitated greatly. Throughout the Middle Ages, began to emerge a transcontinental trading routes trying meet the high European demand for goods and goods, especially luxury. Among the most famous routes highlights the Silk Road, but there were other important as import routes pepper, salt or dyes.
Before the nineteenth century transatlantic crossings between America and Europe were made in sailing, which was slow and often dangerous. With steamboats, crossings became faster and safer. Then they began to emerge major ocean carriers with very frequent crossings. Soon, the fact build the largest ocean liner, fast or fancy, became a national symbol.
From the seventeenth century onwards, almost all transatlantic crossings to North America, port of arrival was New York. Soon transatlantic trading New York became the first port in North America, and consequently attracted most of goods and all future transatlantic passenger traffic. New York became the commercial capital of United States (US) and one of most important cities in world.
Non-combatant members of Order of Temple (Knights Templar) (XII-XIII) managed a complex economic structure throughout the Christian world, creating new financial techniques (notes and even the first bill of exchange) that constitute a primitive form of modern bank. Among the services offered was transporting money. The pilgrims could deposit money in an establishment and then go to another facility and remove, even between different countries, thus contributing to road safety. This was the first draft.
Barter was the way ancient civilizations began to trading. It is exchanging goods for other goods of equal value. The main drawback of this trading is that the two parties involved in business transaction had to match the need of goods offered by the other party. To solve this problem arose a series of intermediaries that stored the goods involved in commercial transactions. These intermediaries often added a too high risk inse transactions, and therefore this trading was quickly shelved when it appeared the coin
The pioneers in this area were money changers operating in annual fairs and basically dedicated to make changes in currency charging a commission. These moneychangers were growing to point that were the great families of European bankers like the Medici, the Fugger and Welser.
Around 1400, the disruption of Mongol Empire, the growth of Ottoman Empire and the end of Byzantine Empire causes all routes of European trading with the East are blocked. The search for new routes, the rise of merchant capitalism and the desire to explore the potential of a global economy in Europe prompted the Age of Discovery.
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