The evolution of money will never stop as market’s and people’s demands always change. There is no mention of money there. Four Phases in the History of Money Luis Angeles * January 2019 Abstract In this paper I offer a new characterisation of the history of money into four major phases, from the earliest written records during the 3 rd millennium BC to the present day. Money has evolved through different stages according to the time, place and circumstances. Article shared by: ADVERTISEMENTS: Some of the major stages through which money has evolved are as follows: (i) Commodity Money (ii) Metallic Money (iii) Paper Money (iv) Credit Money (v) Plastic Money. Money plays an important role in every parts of life. MONEY Money is any thing which is used as a medium of exchange. 3. Evolution of Money 1. The evolution of money in economics was a complex process that took several steps to take the modern form. It has undergone a long process of historical evolution. PDF | Money is considered as one of the major factors of production. ADVERTISEMENTS: Money is the most important invention of modern times. Need to facilitate exchange of goods led to evolution of money. Adam and Eve got everything free from Nature. Read online THE EVOLUTION OF MONEY book pdf free download link book now. This site is like a library, you could find million book here by using search box in the header. All books are in clear copy here, and all files are secure so don't worry about it. TOPIC OF PRESENTATION EVOLUTION OF MONEY 2. ADVERTISEMENTS: Money: Useful Notes on Evolution of Money! Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. Money may have played some part in Pierre Tlokka's life - for buying a gun perhaps. Human […] 5 Stages of Evolution of Money. It began in the prehistoric times with barter and through the development of commodity money, coinage, paper money, credit money, and virtual currencies lasts even now. This characterization sheds light on both the nature and the evolution of money, and helps us to understand today’s monetary arrangements. But what he said takes us back to the Bible story of Adam and Eve in the Garden of Eden. So did prehistoric people for thousands of years.