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.
We trust the system, even though we don't fully understand it. With History of Money: Financial History: From Barter to "Bitcoin" - An Overview of Our Economic History, Monetary System, & Currency Crisis you'll learn all the basics including:
This book is more than a history book. You'll also learn a few fun facts along the way such as how the Knights Templar helped develop the modern banking system and why the island of Yap used giant donut-shaped stones as currency.
Stop taking your money for granted. Learn about its real value with History of Money: Financial History: From Barter to "Bitcoin" - An Overview of Our Economic History, Monetary System, & Currency Crisis.
I had to take a break from the book - it slowed for some reason, and I was falling asleep from the narration (by contrast, some books are engaging), and not the topic, which I was genuinely interested in.
It gives too many examples, but It is a good general look at the money system. I read It because I think Bitcoin is going to make a massive change in all that, so I want to understand money and take my own conclusions on what to do. I recommend this book.