Currency

Currency

by Patricia K. Kummer
     
 

View All Available Formats & Editions

Reach into your pocket. Look in your wallet. What you will find is one of the oldest inventions known to mankind, currency. Currency provides an historical overview of the monetary system, which began thousands of years ago with the bartering system, its evolution to metal coins in the 600s B.C., and the new currencies of modern day. The book includes a discussion on

Overview

Reach into your pocket. Look in your wallet. What you will find is one of the oldest inventions known to mankind, currency. Currency provides an historical overview of the monetary system, which began thousands of years ago with the bartering system, its evolution to metal coins in the 600s B.C., and the new currencies of modern day. The book includes a discussion on the concept of currency, its developers, the role of currency in daily life, and its continuing development.

Editorial Reviews

Children's Literature
A reader may be surprised to find currency considered one of the "Inventions That Shaped the World." Our coins, bills, charge cards, debit cards, and electronic transfers are the result of 8,000 years of monetary development. We are given the definition of currency as an official unit of circulating money, accepted as a medium of exchange with a set standard of lasting value. The history of money, an alternative to the barter system, follows a timeline of "cattle, shells, feathers, stones, salt, iron, bronze, copper, silver, gold, coins, and paper notes." The invention of modern currency includes the early dollar, or "thaler," minted in 1519 from a silver mine in a "valley" in Bohemia. Inventors include Benjamin Franklin, the father of U.S. paper money, who printed money for the Pennsylvania colony on his printing press and wrote a proposal for paper currency that was followed during the American Revolution. There were occasionally problems with this invention, however. For example, the Continental became worthless by 1780. Nevertheless, the process of minting coins and notes, described in this text, continued. The effect of currency on the world is discussed—from trade to industry to governments to everyday life. Photographs; inserts; timeline; glossary; book, video, Web sites, and organization lists; table of contents; an index; and author's biography complete the book. As a result, a difficult subject is made interesting and accessible to the middle reader. 2004, Scholastic Inc, Ages 8 to 12.
—Carol Raker Collins, Ph.D.

Product Details

ISBN-13:
9780531167342
Publisher:
Scholastic Library Publishing
Publication date:
03/01/2005
Series:
Inventions That Shaped the World
Pages:
80
Product dimensions:
6.32(w) x 9.16(h) x 0.24(d)
Age Range:
10 - 13 Years

Related Subjects

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >