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Early Money - Early in pre-history, people made a fundamental shift in what they chose to use for money.
Some items, such as arrowheads, salt and animal hides,
were useful in and of themselves. Gradually, however, people began exchanging items that had no intrinsic value, but which had only agreed-upon or symbolic value.
An example is the cowrie
shell. They have been widely used as currency in China, India, Thailand and in West Africa as late as into the 1930s.
The above is an extract from A History of Money http://www.ptma.org/money.htm -
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