Medium of Exchange As society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable as a means to exchange goods and services in an economic system larger than a tribe or family; barter was unsuitable for expanding societies that needed a more efficient method to exchange goods and services. Hence, about 2,600 years ago, a new and more sophisticated medium of exchange emerged in Lydia — a region recognized as modern Turkey — and materialized with stamped coins to face the challenges of barterGo to Source
Author: coinmaker