The History of Money
by Ricky Servin
1. Money
1.1. Transaction
1.2. Divisible
1.2.1. Half Dollar
1.2.1.1. Quarter
1.2.1.1.1. Dimes
1.3. Portable → Fungible → Stable
1.3.1. Currency
2. Economies of scale
2.1. lower per-unit costs
2.2. large - scale production
3. Cost of production
3.1. Buy and Sell
4. Recession
4.1. period in which economic activity decline
5. Federal Reserve
5.1. Supply growth rate
5.1.1. Requierments
6. Coincidence of Wants
6.1. Trade
6.1.1. Medium of exchange
6.1.1.1. Interchangable
6.1.1.1.1. Check
6.2. Exchange
6.3. Acquiring
6.4. Produce
6.4.1. productive
6.5. Division of Labor
6.5.1. Develope
6.5.1.1. Machinery
7. Standard of Living
8. Creation of money
9. Intrinsic Value
9.1. goods and services
9.1.1. inflation
9.1.1.1. racing prices
10. Storing Value
10.1. Book Keeping
10.1.1. Checking accounts
10.1.1.1. Check
10.1.1.2. Credit cards
10.1.1.2.1. Payments
10.1.1.2.2. Lend Money→ Promise to pay