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The invention of money revolutionized society by facilitating trade and commerce, enabling transactions to occur more efficiently than barter systems. It provided a standardized medium of exchange, allowing for the accumulation of wealth and the development of complex economies. Money also led to the emergence of banking systems and financial institutions, fostering economic growth and stability. Additionally, it influenced social structures by creating new classes based on wealth and access to resources.
What else can I help you with?
What is meant by assessment of socio economics impact?
Assessing what impact and effect a new act or invention would be on the economy and society at large where such an act or invention is introduced.
What best explains how the invention of money affected the barter system?
The invention of money supplemented the barter system by providing a nonperishable medium of exchange.
What is Economic society?
The whole society that spend money and earn money for their spesific purposes is called economic society.
Examples of socio-economic issues?
Those are issues that affect the society and the businesses
The main thing the government has done to try to help farmers is to provide money to them in the form of?
invention subsidies
What impact did the invention of the microscope have on society?
its the light
What invention or technological development of industrialization had the greatest impact on society?
weapons
What is the impact of Garrett Morgan's invention of the traffic signal have on society?
jj
What is the global impact on society of the invention and subsequent innovations of kevlar?
YOI
What is meant by assessment of socio economics impact?
Assessing what impact and effect a new act or invention would be on the economy and society at large where such an act or invention is introduced.
How did Henry T Sampson invention impact society?
Henry T Sampson invention impact society because if we didn't have cell phone we wouldn't get to talk to people over the phone we would have to write letters. that would take to long and it would waste trees.
What impact does the invention of the zipper have the world?
It had a big impact on society. It helps us keep many things together/closed.
How did Marie van brittan browns invention impact society?
She Saved You And Your Homes Lives With The Home Security System
Did Lewis latimers invention impact society?
Lewis Latimer was credited with several inventions, however the invention that had the greatest impact on society was his improvements to the electric lamp. Lewis was a member of the Edison Pioneers, a group of 28 inventors who worked for Thomas Edison. Lewis was considered an expert in electric lighting.
What invention do you think has had the greatest impact on society?
In my personal and humble opinion, I believe that the printing press had the greatest impact on society. Before its invention, the common-folk of the world could not read or write, but after it was created everyone was able to learn how to read and eventually write, because books became cheap and affordable for all.
What impact did Paul Berg have on society?
His research helped go towards the invention of mass insulin which helped people suffering from diabeties.
When was The Money of Invention created?
The Money of Invention was created in 2001.
