Why is a printed piece of paper worth anything? How can a coin be worth more or even less than the number stamped on it? Why is digital money real money? How can money be worth more or less than it was yesterday?
Since the emergence of debit and credit cards, many of us pay little mind to our finances and hardly think of money anymore. But currency, whether by cash or debit, is the driving force of our lives. We use it to feed ourselves and our loved ones, buy or rent a place to live, buy clothing and other necessities, and pay for transportation from one location to the other.
Presented in an engaging, down-to-earth style, this compact manual delineates the history of money creation and use from the earliest attempts at barter right through to modern (and potential future) "cryptocurrencies" such as "Bitcoin." Along the way author Mike Thornton encourages readers to delve deeper in understanding finance and economy, as a way to improve one's own financial standing and stability. HISTORY OF MONEY is a quick and also useful read.
This was much more interesting than I had expected. Frankly, I'm not much of a history fan and I'm not overly interested in the development of our monetary system, so the reason why I picked it up in the first place was rather because I wanted to read a dry book. Yes, sometimes I just want to read something boring.
But this was the exact opposite of boring. It was truly informative and easy to understand but not too monotonous. I also think that you get a great overview and it's still a very short book, so it's definitely feasible to finish it in one sitting.
I recommend this to everyone who wants to inform himself or herself about the history of money without making too much effort or time.
This book is quiet interesting. It talks about how money came to be which is something I never thought about untill now. It starts with bartering which does still go on yo this day. It goes into what the first currency was and also talks about how banks came to be. Its filled with many interesting facts and some will surely surprise you as they did me. This book I reccomend. After reading you'll always think about how money came to be when you see it or spend it. It does have a bit of lag but not too much. Thats the only reason I gave it 4 instead of 5 stars.
Fascinating book.Money! It’s indeed interesting to learn history of money.The writing is good and material interesting,contains many interesting and entertaining facts. Laura Baron.
Short, poorly edited, and disjoint. I bought it because I had a simple question to answer (when was the first money put into use, and what was it) and the book was cheap.
It answered the question, but I got what I paid for. If I really want to know about it, I should spring for the book by Niall Ferguson.
This is an interesting book that explains the origins or currency and takes you on a historical journey of how money and currency came about and where it's heading. Had me intrigued the whole time.
Average. Would have liked to know where all of the references come from so I could read the primary sources for my own book. Isn't as interesting of a read they try to make it sound.
An interesting crash course on the history of money. Light reading for improving your general knowledge.
There's no Notes accompanying the text, so there's no way of verifying whatever was mentioned - whether it is a fact, point raised by another author, or an opinion of the author himself.
There was a significant amount of typo and some strange sentence structures (maybe it's due to my poor command of the language), that I had to re-read the statements (in context) to understand it.
It's ok if I treat this like a casual conversation with the author.