The Big Book of World Currencies
By Lamont Clark
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About this ebook
A colorful, kid friendly book that introduces children of all ages to paper currency from over 100 countries around the world! This book contains colorful pictures, the names, and a fact or two about the images that appear on various paper money of each country. Please note that this is not a "collector's guide", but a great introduction for children who would like to learn about currencies around the world.
Lamont Clark
Lamont Clark was born and raised in Mount Vernon., New York. He is a graduate of the University of Maryland at College Park (Smith Business School) and earned his MBA at the University of Maryland University College.A man of many interests and talents, in addition to writing, Lamont has over 20 years of experience in the entertainment industry as a musician, record producer, on-air radio personality, actor, and television producer and director. Lamont is a multiple award winning producer and director for his television shows.Lamont also has over ten years of experience teaching and training both adults and children.Lamont is married with two sons.Together with his beautiful wife Sheila Clark, they have put together several cookbooks including:A Coffee Lover’s Dream! 88 Great Tasting Coffee Recipes; Cheesecake Delights! 77 Gourmet Cheesecake Recipes; Chocolate Heaven! 500 Scrumptious Chocolate Recipes; Cookie Cravings! 101 Divine Cookie Recipes; Popcorn Love! 101 Exquisite Gourmet Popcorn Recipes; Wonderful World of Wings! 85 Mouth Watering Wing Recipes;Yummy! Yummy! 101 Fun Children’s RecipesYou can check them out at www.70WestPress.com .
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The Big Book of World Currencies - Lamont Clark
Money
is something that is used to pay for goods or services. Currency
is a specific kind of money that a country uses. The history of money goes back many centuries ago. But even before money was used, people would barter
or trade things.
The use of barter-like methods may date back to at least 100,000 years ago. Non-monetary societies (countries that did not use money) operated largely along the principles of gift economics (giving gifts for products or services) and debt (something was owed to the person who provided a product or service). When barter did in fact occur, it was usually between either complete strangers or potential enemies.
Many cultures around the world eventually developed the use of commodity money. The shekel
was originally a unit of weight, and referred to a specific weight of barley, which was used as currency. The first usage of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used shell money– often, the shells of the cowry. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650–600 BC.
The system of commodity money eventually evolved into a system of representative money. This occurred because gold and silver merchants or banks would issue receipts to their depositors – redeemable for the commodity money deposited. Eventually, these receipts became generally accepted as a means of payment and were used as money. Paper money or banknotes were first used in China during the Song Dynasty. These banknotes, known as jiaozi
, evolved from promissory notes that had been used since the 7th century. However, they did not displace commodity money, and were used alongside coins.
In this book you will see the names and pictures of different currencies from countries all over the world. You may notice that the person who has her picture on the most currencies is Queen Elizabeth II. She appears on currencies called the "Pound Sterling or
Pound" for short.
The pound is a unit of currency in some nations. The term originated in Great Britain as the value of a pound (weight) of silver. The pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence (singular: penny). A number of nations that do not use sterling also have currencies called the pound.
Another popular name for some currencies is the "Dinar or
Denar". The official currencies of nine countries are known as the dinar or denar. The history of the dinar dates to the gold dinar, an early Islamic coin corresponding to the Byzantine denarius auri. The modern gold dinar is a modern bullion gold coin.
Finally, you will notice that the "Dollar" is a popular name for currencies.
Dollar (often represented by the peso and dollar sign $) is the name of several currencies, including those of Australia, Belize, Brunei, Canada, Hong Kong, Namibia, New Zealand, Singapore, Taiwan, the United States, and previously Zimbabwe. The U.S. dollar is the official currency of East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshall Islands, Palau, and for banknotes, Panama. Generally, one dollar is divided into one hundred cents.