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From Barter to Bitcoin: Evolution of Money

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Money is a matter of functions four: a medium, a measure, a standard and a store. Introduction Before the medium of exchange - that is, "money" - came into the picture, there was no standard for the trade. The primitive humans, who were primarily hunter-gatherer socities did not require any medium of exchange. Since these socities were typically small and highly mobile, with individuals and groups relying on hunting, gathering, and foraging for their sustenance. The social organization of hunter-gatherer societies was relatively egalitarian, with individuals working together to ensure the well-being of the group. Constitution of Nations As the human socities became more sedentary and settled, the need for more complex social and political structures emerged. The development of agriculture and the establishment of permanent settlements allowed for the growth of larger communities and the emergence of social hierarchies. The need for exchange of goods and services aro...

The World - 19th Century till now

The history of the world, human history to be precise, is very long and composed of events and details which anyone could remember. Fewer and fewer details are available when we go back in history. Here we are not talking about the history which is not written or vaguely written or rarely/ not available to us. In the earlier centuries, the inventions of agriculture, fire, megalithic construction and speech became the foundation of human life, as well as the development of arts and sciences. With the 'rediscovery' of Classical learning, the invention of new economic models (like mercantilism) and increased contact around the globe started to shape the world it is today. Early modernity will see the creation of the nation-state, the rise of capitalism and colonialism and the beginning of industrialization. The World at the end of 19th c. The fruits of capital intensive and cheap-labor-driven industrialization were enormous for nations who can do it. Some impacts are: ...

Power Hunger

Becoming a superpower is one of the most intriguing dream of any person or country. When we talk about person we talk talk about domination of one person over the others, but when we talk about the country we are talking about the world domination. When a country think to dominate the world, it has to prove itself not just in one field, but in many. This process is not simple and easy as it sounds. Even though becoming the dominating power, being an authoritative and influential power to other countries of the world is not new, and its roots have deep embedded in our history. As we all know that today the world is a multi-polar world, means there are multiple emerging powers in different regions of the world, but one power above all is United States of America. But the situation has never been the same, there were times when other countries in the world has dominated the rest. It is an evolving process in which every country has got the chance if it fulfill the expectations/criteria...