Spotlight | Examples of Money of the Past

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By Alan Myers

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” Thomas Jefferson.

ORDINARY TYPES OF MONEY

1. Animals – All types and their pelts or
2. Consumables – Cacao Beans, Corn, Spices, Tobacco and
3. Couture – Beads, Blankets, Clam Shells, Gem Stones and
4. Metals – Bronze, Copper, Iron, Gold and

To the Incas, Gold was Sweat of the Sun, Silver was Tears of the Moon, and for Money they transacted business with Cacao Beans.

UNUSUAL TYPES OF MONEY

1. RAI STONES- ISLAND OF YAP, MICRONESIA
2. TEA BRICKS – CHINA, MONGOLIA, TIBET, CENTRAL ASIA
3. CANADIAN TIRE MONEY – CANADA
4. PARMIGIANO CHEESE – ITALY
5. BOTTLE CAPS – CAMEROON
6. SHELL MONEY – LANGA LANGA LAGOON, SOLOMON ISLANDS
7. SHIRE SILVER – NEW HAPSHIRE
8. MOBILE PHONE MINUTES – VARIOUS COUNTRIES
9. NOTGELD – GERMANY
10. 100 QUINTILLION PENGO – HUNGARY

The Take Away – People have employed a great amount of creativity in turning everyday items of barter into transaction facilitators. Essentially, into Money. If an item can help peacefully facilitate a transfer of ownership of a good or the benefit of a service, from one person to another, then the item is Money.

Alan Myers is a San Diego CPA and forensic accountant.  For 8 years, he has dedicated himself to researching, studying and analyzing the Federal Reserve System, banking and the national debt.  He is a writer, speaker and radio commentator on these and other related topics.  You can contact Alan at: Alan Myers, CPA [email protected]

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