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- Herausgeber: BookRix
- Kategorie: Fachliteratur
- Sprache: Englisch
The Theory Of Transformation Of Money is a new theory about money changes from time to time, following the human need for money and technological developments. This book discusses the theory of money transformation and the development of money transformation from time to time, from 9000 BC to 2020. The Theory Of Transformation Of Money always follows a shift in the value of money itself, bargaining power, and decisions about money in front of people or users. This book discusses this in 4 stages of discussion, namely 1. the history of money 2. Human Life, Technology, Trade, and Money Transformation 3. The Covid-19 Pandemic And The Acceleration of Money Transformation 4.Shifting Value and Transformation of Money
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Veröffentlichungsjahr: 2020
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The Theory Of Transformation Of Money
Student Version
Author : Dr. Sebastiana Viphindrartin Universitas Jember, East Java, Indonesia Dr. Regina Niken Wilantari Universitas Jember, East Java, Indonesia Dr. Bambang Hadi Prabowo STIE Jaya Negara Tamansiswa Malang, East Java, Indonesia Dr. Budi Sasongko STIE Jaya Negara Tamansiswa Malang,East Java, Indonesia Dr. Eddy Priyanto STIE Jaya Negara Tamansiswa Malang,East Java, Indonesia Editor : Suryaning Bawono.S.E.M.SiBookRix GmbH & Co. KG80331 MunichCopy Right
The Theory Of Transformation Of Money
Author :
Dr. Sebastiana Viphindrartin
Universitas Jember, East Java, Indonesia
Dr. Regina Niken Wilantari
Universitas Jember, East Java, Indonesia
Dr. Bambang Hadi Prabowo
STIE Jaya Negara Tamansiswa Malang, East Java, Indonesia
Dr. Budi Sasongko
STIE Jaya Negara Tamansiswa Malang,East Java, Indonesia
Dr. Eddy Priyanto
STIE Jaya Negara Tamansiswa Malang,East Java, Indonesia
Editor :
Suryaning Bawono.S.E.M.Si
©Sebastiana Viphindrartin,Niken Regina Wilantari,Bambang Hadi Prabowo,Budi Sasongko,Edy Priyanto,Suryaning Bawono
All rights reserved. No part of this publication may be reproduced, stored on a retrieval system, or transmitted in any form or by any means, electronic, mechanical or photocopying, recording or otherwise without the publisher's prior permission.
Published by :
Triple Nine Communication Press
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Singapore
Chapter 1 The History Of Money
Money was created as a way to make it easier for people to get the things they want. Over time, the way money is used and made has changed. Money is one of the earliest and most significant inventions of civilization, which was essential for commerce development. Without trading money, it is only in the form of bartering. Barter is a relationship between two people who each have something the other wants so that exchange occurs. When you understand the history of money, it helps to understand how to make good choices and trade goods effectively.
The way humans use money has even changed in recent years (2018). Money has been a part of human history for more than 3,000 years, from the origins of bartering to modern money to the current system that continues to evolve. Money has undergone many transformations. Basically, anything that represents value and can be traded for various goods can be money. From beads made from string, seashells, tokens, coupons, and nowadays crypto money appears. A group of people generally receives money in exchange for goods, services, or resources.
At that time, humans did not know money. Humans use cows, sheep, vegetables, salt, and grains as a medium of exchange to get the goods and services needed, which are called commodity money or goods money more than 3000 years ago (Orr, 2012: 14; Hanna, 2015: 48). In 1000 BC China started to produce coins (not coins) or metallic money.
The first coins were created by King Alyattes in Sardis's city in the country of Lydia (now known as Turkey) in 625BC from gold and silver. The first coins ever minted had an image of a roaring lion (Dyson, K, 2014: 116; Choron & Choron, 2011: 33). Coins or coins later evolved into banknotes in the year 1661 AD.
Money was transformed into plastic money in the form of a credit card first introduced in 1946 (Subramanian, 2014: 22; Stockalper, 2016: 44). In 2009, crypto money emerged (Chen, et al., 2018). The emergence of crypto money in 2009 was the beginning of transforming money from banknotes to digitally supported by the inclusion of financial technology that is increasingly digital. In this book, the history of world money from commodity money to digital money is summarized in the "History Of Money Time Line."
History Of Money Time Line
3000 BC
Commodity money, generally agricultural products have been used in the traditional economy with the barter system before 3000 BC. The weakness of commodity money is that it is difficult to move or store (Orr, 2012: 14; Hanna, 2015: 48).
1200 BC
China started to use shells as a means of payment to replace agricultural commodities (Yang, 2018: 120; Choron & Choron, 2011: 14).
1000 BC
China developed coins in the form of knives or shovels to replace shells as a means of payment to improve commodity weaknesses because metals are more durable than shells and agricultural products (Choron & Choron, 2011; Wu, X.2017)
625 BC
