Money Market eBook

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. Trade is, of course, the foundation Of, and reason for, the need Of money; and trade commenced with the first division Of labour. With the earliest men one was more fitted for one thing and one for another; one was a hunter and one a husbandman. When the hunter handed over to the husbandman so many skins for so much corn, trade was established but this trade was, Of course, only a system Of barter. As men grew more civilised and trade developed, the inconveniences Of this system became apparent and pressing, and gradually more suitable modes Of settling transactions were evolved; although in certain remote and uncivilised parts Of the world trading by barter exists to the present day. As a reminder Of bygone times there is, in the Royal Exchange, a picture Of the Phoenicians trading with the men Of Cornwall fine cloth for tin and skins.