He money is a exchange medium , usually in the form of bills and coins, which is accepted by a society for the payment of goods, services and all kinds of obligations. Its etymological origin takes us to the Latin word denarius, which was the name of the currency used by the Romans.
Money meets three basic characteristics: it is a exchange medium , which is easy to store and transport; is a accounting unit , since it allows measuring and comparing the value of products and services that are very different from each other; and it is a refuge from value , which enables savings.
The development of money allowed the expansion of Commerce on a large scale In antiquity, bartering was the commercial system par excellence: they exchanged products with each other (apples for wheat, cows for corn, etc.), which made it difficult to set value and transport. Instead, with money, trade was simplified.
It should be noted that the value of money is not in the paper of the banknote or the metal of the specific currency, but arises from the endorsement and the certification of the issuing entity (such as the Central Bank). It is important to keep in mind that money works for a social pact (It is accepted by all members of society).
Currently, money can be created according to two procedures: legal money , which is the one created by the central bank through the printing of bills and the minting of coins, and the bank money , developed by private banks through annotations in user accounts.
The abstract value of money
In our era the money has gained importance never before imagined; we have reached a point of absolute dependence on him, so that without him it is not possible to live in society. Unfortunately this trend only seems to consolidate over the years and brings a chain absolute loss of moral values and above all the sense of belonging with our peers. Such is the case, that we have stopped trusting hospitality and providing it, because without money nothing can be obtained.
Many people say that money is a kind of god and they are not so wrong. The human being has learned to depend so much on him that he is even capable of set aside its principles in order to get more money, you can steal, kill, abandon, etc. In addition, a system has been built in which the word necessity has been very well handled and in that classification goods have entered that are clearly not of first necessity.
Anyway, some people who are truly aware of the damage that this absolute dependence on money causes try to get out of the system, promoting community activities that can collaborate with improving the quality of life of all inhabitants and especially motivate people to relate and worry about the needs of others. In addition, bartering is becoming fashionable again and allows people to exchange certain objects that they no longer need for others they do need. In this way, there are no objects in a loft and people can get what they need. even if they don't have money to acquire them.
It is important to note finally that the money dependence not only causes the problems already explained but also has a greater consequence, unhappiness (which has become common currency in our societies). People who cannot reach their salary expectations or who do not have access to those things they want, feel frustrated, discouraged and sad and this makes lose the incentive to work and live.