It is quite difficult to say unequivocally about where and when exactly the first money appeared. The emergence of money was not at all a one-time result of the long development of socio-political relations of human societies in different parts of the Earth. Moreover, in different historical periods. At the dawn of mankind, the concept of "money" simply did not exist. The emergence of money is associated with a later time. At the same time, in primitive societies, people practiced a simple exchange of household items and valuables, such as jugs, furs,
arrowheads and so on. However, such a natural exchange is very inconvenient, because the value of different things or food is always different.
The emergence and development of money
Actually, with the gradual development of natural commodity exchange, the first items appear that have their own value and are a certain equivalent of the cost of any thing. This was the first money. Today's historians associate the emergence of money, first of all, with ingots or fragments of precious metals. They did not yet have a definiteforms, however, constituted a collateral value, which could already be recalculated for any product. This development pushed people to the next logical move. Certain objects, goods or animals became a new form of money. So, in Ethiopia, the population was calculated with bars of s alt, in India, cowrie shells were used for exchange, the Aztec tribes even
used cocoa beans. Such things were not yet money in the full sense of the word, but they anticipated their occurrence. And the essence of money becomes obvious: it should be a universal equivalent of exchange, which can be used to measure any potential product.
Money Requirements
At the same time, the elements of any monetary system must meet a certain set of rules: they must not deteriorate from constant transfer from hand to hand, as well as over time; they should be light and mobile for constant carrying; they should be split in case you need to pay less (for example, the name of the modern Russian currency is "ruble" and comes from the process when large coins were chopped into smaller ones).
The Emergence of Financial Systems
All these requirements were best met just by metal products, which in ancient times began to acquire specific and definite forms. For example, it is known for sure that such money already existed in Lydia in the 7th century BC. The emergence of money, however, cannot be clearly attributed tospecific region and time. The first coins, in their form resembling modern ones, appeared in China. However, there they had a hole in the center of the disk, since they were conveniently placed on a rope worn around the neck. Like the Chinese tradition, medieval Slavs cut off pieces from copper and silver neck hoops and paid with them. And since the hoops were worn on the back of the neck, the fragments received the name "hryvnia", which later passed to the coins of the Kyiv princes.
