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Why did the kings issue coins and discontinued the barter system?
Wiki User
∙ 8y ago
I'm not certain kings had a lot to do with it, but I think the belief is that coins were "receipts for work" - when people started living in communities, you could imagine that people would work in exchange for goods, but if they didn't want the actual goods available, they would be given a token to indicate they'd done the work which they could exchange for goods from someone else. Keeping the idea that money is a receipt for work done is very useful. Once the idea of coins was established, rulers could take a percentage as tax - so everyone worked some of the time for the government.
Wiki User
∙ 8y ago
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