History of trading and money

FeaturedImage_FinancialCrisis_2.jpg

There has been a long history of what people used to sell and the money that they have made.

Before the civilisations were introduced to money, they used methods of trading with other countries, exchanging their goods in return of the other country’s items.

For example:

The Roman civilisation (invaded England 55 BC)

The Roman civilisation was having 20,000,000 people within its borders and the Roman Empire traded with the Middle East, France, North Africa and Spain, which they were trading goods using currency as all types of metals such as gold, silver, bronze, orichalcum and copper, which were marked with faces and figures of their heroes, goddesses and gods. Most of the gods and goddesses the Romans copied originally from the Greeks such as:

  • Jupiter (king of all gods and god of the skies)
  • Mars (the brutal war god)
  • Juno (the queen of gods and the goddess of children)
  • Apollo (god of prophecies, archery and music)
  • Diana (the hunting and moon and Victoria (goddess of victory)

The Romans had their own gods that they introduced including:

  • Felicitas (the goddess of luck)
  • Sol (the sun god)
  • Laetitia (goddess of happiness)
  • Spes (hope goddess)

They also had their gods originally from Egyptian gods like:

  • Isis (the goddess of magic)
  • Anubis (god of death)
  • Horus (god of war)
  • Sobek (the crocodile god)

The Roman coins also featured the mightiest emperors and dictators of all time such as:

  • The Emperor Claudius
  • Julius Caesar (most brutal Dictator)
  • Augustus (who lived at the time of Julius Caesar)
  • Anthony (a Roman General who was a friend of Julius Caesar)

The Vikings (invaded England 1st AD 793 and AD 1066 last)

The Vikings, who came from Finland, Sweden and Denmark, were not familiar to money. The Viking ships reached far and the travellers’ colossal long ships travelled across Europe, Asia and North Africa. They travelled to countries such as France, Spain, Britain and Italy; some went even further and arrived in the Middle East; some were even courageous to sail across the Atlantic Ocean going straight to North America.

Before the Vikings were introduced money, the Viking merchants retrieved goods such as silver, silk, spices, jewellery, wine, glass and pottery. In return, they exchanged honey, tin, wheat, wool, wood, iron, fur, leather and fish.

The Viking traders were introduced money in the 10th century (AD 1000). The Vikings used pieces of silver engraved with figures and faces, as a type of money and they used scales to know how much money to give for the goods to be purchased.

Ethiopia used salt bars (16th century)

In the 16th century, people who lived in Ethiopia used salt bars as their currency. Salt was a new discovery that was found so it was expensive and was a type of currency that was used before.

Romans paid salary to their soldiers as SALT. The Salt was an expensive item at that period and the name salt is related to the word salary or job payment.

Nowadays we use to access to our bank accounts chip and pin plastic cards.

The currency (paper or coins) we use currently was directly evolved from the Romans, Vikings and Anglo Saxons that have introduced trade and money.

In my opinion, In the future: we will live in a world of eye scanning and fingerprint bank accounts.

1) There will be eye retina systems to enter into your bank account. The machine will scan your eyes and nobody else can access your account since the eye retina is unique for person to person and even the person’s left eye is completely different to their right eye.

2) We could create machines that could access into your bank account by using the fingerprints, which would be impossible for someone else to enter into your bank account. The fingerprint have to be checked with the pulse and the body heat to avoid fraud.

Can you think:

1) What other civilizations have used trade or money in the past to sell their goods?

2) What method can humans can use in the future, to sell their goods using advanced banking technology?

3) If we discover alien planets in the future, what method inter planets’ and inter galaxies’ aliens use to trade their goods?

https://www.trustedancientcoins.com/list-of-roman-emperors-and-more/

https://www.bbc.com/bitesize/articles/zw3qmp3

https://www.trustedancientcoins.com/list-of-gods/

Comments (7)

  • Olivia-Avatar.jpg Olivia @ the BNC
    08 Nov 2018

    Well done! I have given you a star for this post, as you have researched the topic but gone further by adding your own opinion about what you have found out. Well done for asking questions too; this shows excellent curiosity. Plus, you've included where you found your research - good job!

    I like that you've combined fingerprint technology with the pulse and body heat. This shows really good critical thinking about your own ideas. Why don't you ask one of your questions to our experts in our 'ask the expert' post?

    Reply to this comment
  • Michael-Faraday-logo-250x250.jpg super_drawing | Michael Faraday School
    21 Nov 2018

    Very well done you are great at posting you should do more. :)

    Reply to this comment
  • Michael-Faraday-logo-250x250.jpg cheerful_leaves | Michael Faraday School
    05 Dec 2018

    I really enjoyed reading your post as it is filled with so much information that you cannot find in books.

    Reply to this comment
  • Boutcher-logo-250x250.jpg content_lemon | Boutcher C of E Primary School
    13 Dec 2018

    I ABSOLUTELY LOVE THIS POST! Well done and a well deserved star. I love how you put questions at the end for us to think about. This was full of facts that I simply didn't know before. Again, Well Done and great explanations! :) :)

    Reply to this comment
  • Elaine-logo-250x250.jpg victorious_snow | Elaine Primary School
    04 Jan 2019

    Really nice post.

    Additional to this post, I thought about financial trading and marketing. So the very first stock market was established in 1602 by the East India company. This company officially came the first to trade in the world.Stocks and bonds were issued to investors and each investor was entitled to a fixed percentage of East India Company's profits.

    Trade marketing
    Trade marketing is a wider marketing discipline that aims to increase demand with supply chain partners such as wholesalers, retailers, or at the distributor level, rather than just at the customer level. Trade marketing is also called B2B, which means business to business maketing.By doing so, a manufacturer attempts to ensure the consistent supply and availability of the product to the end consumer.For products which doesn't require any human intervention for effective sale such as toothpaste, batteries, etc. (where alternatives of the product are more), here the manufacturer has to give some discounts, or better margins, some freebies to ensure availability of the product.Trade marketing plays an effective part in sustainable brand development.For effective trade marketing, manufacturer should focus on:
    . Promotion schedule (which could include time of sale
    . Do lot of cross promotion of your own items
    . Promotions usually happens during seasons or festive


    This post also made me think about equal trade. In the very early trading years, they exchanged items which means they didn't use money. So, exchanging something to things like metal and gold or those types of things. Could this be a fair trade?

    Your question
    I predict that in the future, we can sell items using mobile or other divices from any where in the world to other countries. There should be companies from other countries in a country so the items get transported and so by asking items in mobile then they get the items faster as well. Maybe the item should already be in the company for fast delivery. The mobile would mainly be there for choosing items and telling what an item gives in return.
    This might not work because if your transporting fruits or that type of things then it might get expired very quickly and become mouldy.
    Once again. I really like your post.

    Reply to this comment

You must be logged in to post a comment