Barter

functions of money in an economy can be described as follows: 1. Medium of exchange can be defined as money that is used for buying and selling goods and services and if there was no money, goods would have to be exchanged through the process of barter economy. Barter economy is when goods would be traded for other goods in transactions arranged on the basis of mutual need. e.g. When I raise pigs and want to buy chickens, I would have to find a person…

Task 1: Food and beverage production and service methods. 1. a. Discuss three characteristics of food production and food services. (Pass 1.1 First of all, I will talk about the ‘Cook-Chill’, definition of Cook-Chill mean the concept of cook-chill arose primarily through the need to produce quality food products in advance in a highly reproducible way while providing maximal food safety to customers. Food production storage and regeneration method utilizing principle of low temperature control…

or engaging in, somber emotions seemed most unimaginable, and invited those inside their homes to join it in celebration of the illuminating sunshine. Drawing nearer to the outskirts of town, however, I began to notice the hustle and bustle of the barters and merchants; and to hear the cacophony of noises produced by those within the heart of the town’s, metaphoric, walls. Normally the sight and sounds of such pandemonium would’ve stricken me with anxiety; however, contrary to the norm, things…

In his book “Debt, the first 5000 years”, David Graeber introduces us to a novel theory about the development of human relationships, money, commerce, and markets. The author himself has direct experience in Anthropology, although limited in comparison to other great ones in the field such as Claude Lévi-Strauss, he did study tribes in Madagascar and had other relevant first-hand encounters with the science. By making use of his past mentioned knowledge, but also by drawing parallel ideas and…

Hegel’s idea that the modern world of civil society is created through selfish ends and a system of complete interdependence is an idea that is shared with many other writers. Specifically, the 18th century writers of Steuart and Smith share Hagel’s point of view. Both Steuart and Smith believe self-interest is essential in explaining the creation of the modern world. They agree that when individuals peruse their selfish interests and in turn, become dependent in one another, and consequently…

With the decline of regional empires in the mid-first millennium BCE, called the Axial Age, came second-generation societies, which borrowed ideas from their predecessors but were marked by innovation politically, socially, and economically. A major second-generation society that arose during this time were the Greeks, whose city-states encircled the Mediterranean. One innovation of city-states around 6th century BCE were their political structures – specifically, governments that put power in…

The Homeless: Then and Now During the 1930’s the number of homeless people raised drastically due to the stock market crash of 1929. In present day, populations are surrounded by homeless no matter the location. This is not saying that most of the world is homeless, but a vast part of large cities are made up of homeless people. When the stock market crashed in 1929, people had an “excuse” as to of why there were homeless, but now is there such an “excuse”? When the housing market crashed in…

The Salmon family used to be just an ordinary family living life like everybody else. The family The Salmon Family consisted of Abigail and Jack Salmon, a happy married couple, their two daughters Susie and Lindsey Salmon, and their youngest Buckley Salmon. The family lived in a regular size house on a regular street in Norristown, Pennsylvania. They lived their lives just like anyone expected them to, always keeping a repetitive schedule of going to school, or work, then going home to do house…

by the inflation of prices throughout Rome. The inflated prices would cause armies to become nonexistent, tax prices to rise, make everyday items becoming unaffordable. Army population would decrease due to soldiers not being paid and would have to barter to pay off the money. Tax prices would rise due to the government not being able to pay the soldiers, and inflation would cause prices of everything to increase. On top of all the internal problems within Rome, barbarians caused many more…

The European Exploration of Louisiana and the Mississippi had some similar and different techniques used than in the exploration of Brazil. The French once they landed in the Louisiana and Mississippi area stated to barter with the natives. The French were looking for gold, silver, and anything that was shinny. The Portuguese sailors got off their ships and started enslaving the natives to work in mines, and the Portuguese sailors took the women and raped them. These two ways of first meetings…