commerce

 

COMMERCE

 

                

             Trade the traffic in goods has been a social and economic institution since prehistoric times.  In the form of gift, barter, or sale, trade can take place between individuals, clans, companies, or countries.  It is closely linked to transportation, so the people who dominated world trade have typically dominated its trade routes as well

.

What is Currency?

                 In A.D.806, China created the first paper money.  Macro Polo described  with admiration the Chinese paper money the encountered in the 13th century; Europe did not use the 17th century.  China also experienced the hazards of easily printed currency early on: Medieval Mongol rulers printed so much that it became virtually valueless a problem still plaguing many inflation-racked countries today.