INFOGRAPHIC: What is money? This is a question that can trigger a lot of answers, but the most common of them all would be to say that money is just a piece of paper or a couple of round-shaped metal objects.
Money comes in different shapes, sizes and forms. It can be cash, it can be credit, it can be check, and also a few other things not that often used, but trust us, they’re out there. One of these forms of money is also Bitcoin, which 10 years ago didn’t even exist.
This just proves the concept that money is constantly changing and so does what we perceive to be money. Visual Capitalist created an infographic to better explain money, and the concept of money, just to put things in perspective.
“For example: the cost of a loaf of bread in New York City at a grocery store may be $3.50. We don’t think about it much, and we pull out our wallets to pay with cash or a credit card.
But money is actually more complex.
A very similar loaf could have been bought for:
- 0.4 aes during the Roman Republic
- 3 aes in Rome under Emperor Nero
- 1 penny during Queen Elizabeth’s reign in England
- 0.2 beaver pelts in 1795 in North America
- $0.21 in 1965
- $35 million Zimbabwean dollars in the midst of hyperinflation
- 10¥ in China (equal to only $1.50 USD)
- 35 rubles in Moscow (equal to only ~$0.55 USD)
- 7.8 grams of silver ($14 spot price)
- 23,000 Dogecoin cryptocurrency”, Visual Capitalist explains.