Class 9 Exam  >  Class 9 Questions  >  Tell someone that you are going to a conventi... Start Learning for Free
Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.
Consider the American Indians using Wampum, West Africans trading in decorative metallic objects called Manillas, and the Fijians economy based on whale's teeth, some of which are still legal tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number of stones including jade and quartz, which have all been used for trade across the world, and we get a taste of the variety of accepted currency.
There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thing for a community to do.
After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The idea is really inspired, which might explain why so many diverse minds came up with it. Once the money is accepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers".
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance," said President James Madison.
Money, money, money, it's always just been there, right? Wrong. Obviously, it's issued by the government to make it easy for us to exchange things. Wrong again!
Truth is, most people don't realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.
Q. Which currencies did the West African use?
  • a)
    Decorative Feathers
  • b)
    Wampum
  • c)
    Whale's Teeth
  • d)
    Manillas
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Tell someone that you are going to a convention of accountants and you...
Understanding West African Currency
In the context of historical trade, West Africans utilized specific forms of currency that facilitated their economic exchanges. Among the options provided, the correct answer is:
Manillas as Currency
- Definition of Manillas: Manillas were decorative metallic objects, often shaped like a bracelet or armlet, used as a medium of exchange in West Africa.
- Historical Significance: These objects served not just as currency but also held cultural significance, symbolizing wealth and status within communities.
- Trade Facilitation: Manillas simplified trade by providing a recognized and accepted form of currency, solving the issue of bartering where direct exchanges are often complicated.
Other Options Explained
- Wampum: This was primarily used by Native American tribes, especially in the Northeastern United States, and is not relevant to West African currency.
- Whales Teeth: While some Pacific Island cultures, like the Fijians, accepted whales' teeth as currency, it was not a currency used in West Africa.
- Decorative Feathers: Although feathers have been used in various cultures, they were not a standardized form of currency in West Africa.
Conclusion
In summary, the use of Manillas in West Africa exemplifies a unique and culturally rich approach to trade and economic interaction, distinct from other forms of currency used globally. Understanding this aspect of currency history highlights the diverse methods societies have developed to facilitate trade.
Free Test
Community Answer
Tell someone that you are going to a convention of accountants and you...
Manillas
Attention Class 9 Students!
To make sure you are not studying endlessly, EduRev has designed Class 9 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 9.
Explore Courses for Class 9 exam

Similar Class 9 Doubts

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is something charming and childlike to imagine?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is fascinating and almost magical?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by the word, fascinating? (para 2)

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by the word, Intrigue?

Top Courses for Class 9

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer?
Question Description
Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 9. Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.
Here you can find the meaning of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?a)Decorative Feathersb)Wampumc)Whales Teethd)ManillasCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 9 tests.
Explore Courses for Class 9 exam

Top Courses for Class 9

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev