| | The earliest discovered forms of money were easily-carried items with some inherent value, such as salt (used in ancient [[Rome]]) and fishhooks (American Indians). This replaced or supplemented pre-existing [[barter]] systems. | | The earliest discovered forms of money were easily-carried items with some inherent value, such as salt (used in ancient [[Rome]]) and fishhooks (American Indians). This replaced or supplemented pre-existing [[barter]] systems. |
| − | Precious metals, such as [[copper]], [[gold]], and [[silver]], have made good coins, being both easily transportable and having inherent value. In 1933, the [[United States]] abandoned the [{Gold Standard]]<ref>[http://www.u-s-history.com/pages/h753.html The Gold Standard]</ref>, switching over to [[Fiat Currency]], which has no inherent value beyond the government's assurance that it has value. | + | Precious metals, such as [[copper]], [[gold]], and [[silver]], have made good coins, being both easily transportable and having inherent value. In 1933, the [[United States]] abandoned the [[Gold Standard]]<ref>[http://www.u-s-history.com/pages/h753.html The Gold Standard]</ref>, switching over to [[Fiat Currency]], which has no inherent value beyond the government's assurance that it has value. |