Page 131 - Key to Social Studies 3

Let’s Connect

Bartering and Trading

In the past, people used barter by o ering

what they had and taking what they

needed in return. Yet, it did not always

work. This was because sometimes what

one had was not what the other needed.

This led to some products going bad or not

traded at all. This was easily solved by the

creation of currencies to avoid barter and

easily buy/sell things using money.

Bartering, Native American culture

Money: From Coins to Paper Notes

When the concept of money was rst introduced,

people mainly depended on coins as their currencies,

and what made each di erent was the material it

was made of. Later on, paper money was introduced

to make the process of buying and selling easier. In

the coming years, it is expected that we will no

longer use paper notes and depend totally on

technology such as credit cards and digital

currencies.
British currency
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