Welcome!

News Feed Item

Money: its History and Value over the Years is the Subject of New Infographic on BuddyLoans.com

From Why Money is Printed on Paper to Why it is so Valuable, the Infographic Provides Fascinating Information about Money

LONDON, April 9, 2014 /PRNewswire-iReach/ -- BuddyLoans.com, a professional guarantor loan company based in the UK, has just posted a new and fascinating infographic to their website that answers a lot of questions people have about money—as well as some little-known facts and figures.

(Photo: http://photos.prnewswire.com/prnh/20140409/MN00592)

The infographic, which is titled "What Exactly is Money and Why Do We Value It?"  takes a close look at money. Defined as a "current medium of exchange in the form of coins and banknotes," money has a rich and fascinating history.

For example, money used to be commodity-based, and whatever currency was being used at the time held a universal value. For example, 100 nails might have been equal to one slave or 10 cows. The item that was called "money" has changed radically and several times over the last thousands of years—while people might have exchanged livestock as currency from 9,000 to 6,000 B.C., metal tools were the preferred form of money by 1,000 B.C. Cowrie shells, leather and/or pelts and the gold standard were other types of currency that were used in the past.

Since 1971, the fiat system has been used to define currency. As the infographic notes, fiat money is that which derives its value from government regulation or law.

As the saying goes, money does not grow on trees. Currently, all of the cash in the UK—which goes by a variety of nicknames including quid, bob, wonga and dosh—is printed at the Royal Mint.  According to an article that accompanies the infographic, the average life span of a piece of paper money is one to five years. In order to prevent counterfeiting and create currency that will last longer, beginning in 2016, bank notes in the UK will be printed on a polymer plastic.

"The new plastic notes will look the same and be the same size in their width and length, however they will last 2.5 times longer than a paper note and are healthier as they stay cleaner.  They will also be more difficult to copy or counterfeit," the article noted.

Anybody who would like to learn more about the history of money and why it is so highly valued is welcome to visit the Buddy Loans website; there, they can read through the infographic and, if they like, share it with their friends.

About BuddyLoans.com:

Buddy Loans is a professional guarantor loan company who are licensed by the Financial Conduct Authority. The company provides loans of between 500 - 7,500 Pounds over a period of 12 - 60 months. For more information, please visit https://www.buddyloans.com/ 

Media Contact: Jerry Armstrong, BuddyLoans.com, (949) 555-2861, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Buddyloans.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...