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<p>[QUOTE="dougsmit, post: 8184846, member: 19463"]My opinion is that once a people experience the concept of money for commerce it is hard to go back to barter. When they were cut off from a normal supply of spendable cash, some decided to make their own version not to fool people into thinking they were 'official' but to use in the marketplace. In the US, we saw this in the early part of the Civil War when there was a shortage of small change. 'Money' is what the people who use it agree to say it is. Most of us today accept money with no physical characteristics at all (direct deposit, electronic banking, crypto currency?). If you could hand one of these 'coins' to someone and get a loaf of bread in return, it was good money at that time and place.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 8184846, member: 19463"]My opinion is that once a people experience the concept of money for commerce it is hard to go back to barter. When they were cut off from a normal supply of spendable cash, some decided to make their own version not to fool people into thinking they were 'official' but to use in the marketplace. In the US, we saw this in the early part of the Civil War when there was a shortage of small change. 'Money' is what the people who use it agree to say it is. Most of us today accept money with no physical characteristics at all (direct deposit, electronic banking, crypto currency?). If you could hand one of these 'coins' to someone and get a loaf of bread in return, it was good money at that time and place.[/QUOTE]
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