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Sure, there have probably been thousands of such societies throughout history. Bartering was common for many hunter gatherer communities. Having a standard curr
by rurp 4y ago
Sure, there have probably been thousands of such societies throughout history. Bartering was common for many hunter gatherer communities. Having a standard currency isn't very practical if you have many groups across a large geographical area that meet sporadically. Directly trading goods would work just fine in those cases.
- vaidhy 4y agoHow did they agree on what the exchange rate should be? From my understanding, the answer was almost always plunder among the primitive societies or a tyrant/king enforcing a monetary system. There was really no bartering amongst equals across communities.