You are viewing a single comment's thread from:

RE: LeoThread 2025-07-19 07:00

in LeoFinance3 months ago

Part 4/13:

  1. Paper Money and Banking: Transitioning from metal to paper, initially deposits of precious metals stored in banks, democratized access to money. This shift transformed money into an abstract deposit slip, enabling broader economic participation. Initially met with suspicion, society eventually came to accept that value resides not just in gold or silver but in the social trust that money facilitates exchange.