Why isn't there much money in the past?

Answer 1

In the past, money was often limited by the availability of precious metals or commodities, which constrained the amount of currency that could be circulated. Additionally, economies were smaller and less interconnected, leading to less overall wealth creation. The development of banking systems and financial instruments was also in its infancy, which meant that the concept of money and wealth accumulation was not as advanced as it is today. As economies evolved and trade expanded, the creation and distribution of money became more sophisticated, leading to the wealth we see now.