The book Commerce And Finance was written by author Orville Marcellus Powers Here you can read free online of Commerce And Finance book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Commerce And Finance a good or bad book?
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It was a kind of bead made from a species of shell found in sea water. These beads were of different sizes and colors, and their value was correspondingly different. This species of money was an important factor in the early civilization of New England. It brought the furs from the north and west to the Massachusetts colonists and they in turn exchanged these for sugar, tools and other commodities with the English and Dutch traders. During the early settle- 150 MONEY. Ment of California by the ...gold seekers of '49, gold dust by weight was used as a medium of exchange. Rising higher in the scale of civilization, we see the im- portance of having a better medium of exchange. It must be a Precious commodity with great value in small compass. It Metais as must be something in universal demand, so that it will circulate widely; it must be something that is durable and will not surfer from decay or rust when stored or from wear when in use; it must be something that is divisible so that a great variety of denominations may be made for use in the multitude of exchanges large and small.
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