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History of Currency. How was gold and silver used in ancient times?
Silver was measured by weight.
Gold was made into thin sheets the size of chewing gum, rolled or folded, and cut with scissors for weighing and use.
The more troublesome aspect was distinguishing between genuine and counterfeit. Ordinary people couldn't tell, and generally took it to a money exchange to convert it into local common copper coins. Therefore, ancient money exchanges were particularly numerous.
If you couldn't carry a thousand taels of silver, you would be given a deposit book (silver note). Payment upon presentation of the note.
Direct use of gold and silver was rare, usually only in special circumstances, such as maritime trade, purchasing land, or large gifts.
However, using gold and silver was very cumbersome.
Later, Europe invented the silver dollar, mainly by Britain, Spain, and Mexico. The significance of the silver dollar is to establish a standardized measurement unit, as silver dollars cannot be counterfeited.
Because, to create the same shape and weight, it is nearly impossible to use fake metals. This thoroughly resolved the standard for trade payments.
Later, someone started scraping some silver filings from the edges of silver dollars. Thus, Newton invented the serrated edge for the silver dollar.
In fact, most people will go through many experiences in stock trading; it mainly needs to be combined with one's own experiences. Before doing subtraction, one must first complete the addition. The commonly seen theories in the market should at least be learned a few times in a rough manner. Only by grasping a complete picture of the elephant can one have the ability to do subtraction! Just like many people say, 'If you don't date a dozen girlfriends, how do you know that the one you want to accompany for life is actually Cuihua?' $BTC
$ETH
$SOL
#币安Alpha上新 #Strategy增持比特币 #美国加征关税
Silver was measured by weight.
Gold was made into thin sheets the size of chewing gum, rolled or folded, and cut with scissors for weighing and use.
The more troublesome aspect was distinguishing between genuine and counterfeit. Ordinary people couldn't tell, and generally took it to a money exchange to convert it into local common copper coins. Therefore, ancient money exchanges were particularly numerous.
If you couldn't carry a thousand taels of silver, you would be given a deposit book (silver note). Payment upon presentation of the note.
Direct use of gold and silver was rare, usually only in special circumstances, such as maritime trade, purchasing land, or large gifts.
However, using gold and silver was very cumbersome.
Later, Europe invented the silver dollar, mainly by Britain, Spain, and Mexico. The significance of the silver dollar is to establish a standardized measurement unit, as silver dollars cannot be counterfeited.
Because, to create the same shape and weight, it is nearly impossible to use fake metals. This thoroughly resolved the standard for trade payments.
Later, someone started scraping some silver filings from the edges of silver dollars. Thus, Newton invented the serrated edge for the silver dollar.
In fact, most people will go through many experiences in stock trading; it mainly needs to be combined with one's own experiences. Before doing subtraction, one must first complete the addition. The commonly seen theories in the market should at least be learned a few times in a rough manner. Only by grasping a complete picture of the elephant can one have the ability to do subtraction! Just like many people say, 'If you don't date a dozen girlfriends, how do you know that the one you want to accompany for life is actually Cuihua?' $BTC
$ETH
$SOL
#币安Alpha上新 #Strategy增持比特币 #美国加征关税
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