Ace the Foreign Exchange
There is only one earth. One world. Yet its people aren't one.
One world indeed…. Yet a world so divided by differences in race and ethnicity, culture and tradition, beliefs and ideology, language and currency. These differences have become barriers to the development and unification of the totality of the peoples that exist all over the world.
These barriers need to be eradicated so as to ensure that bridges be linked, communication be smooth, discrimination lessened, and trade be possible. With the advent of technology, the language barrier is little by little spanned. People are starting to understand and accept each one's race and ethnicity, thus discrimination isn't as grave as before. And finally, trade and commerce is flourishing. Foreign exchange was created to make trade, tourism and commerce easy to control.
Money in its earliest form isn't the money we have today. For trading goods and commodities, ancient people who lived such primitive lives used shells, furs, beads, livestock, animal skins, and even slaves. As the prehistoric age turned to stone and later on to the age of copper and bronze, people discovered the use of metals such as gold, silver, copper, iron and bronze as fine materials for the production of coins.
Earliest records showed that the drachma issued in Athens in the 6th century BC contained quantities of silver. As the value of the metal used to yield the coins is less, so has the value of the coins lessened. Thus came the spread of coins as a means of payment for goods and services rendered and for settlement of debts.
Money was invented to regulate the price of commodities. Without using money as a means of payment it would reduce the whole thing to a mere barter. It is only just and fair that money was invented. Had money not been invented, until today, we would still be bartering and as our minds have evolved we would feel the injustice in it. Say someone asked to trade his basket of apples with your fattest calf, do you think the price they would offer is equal to the value of your calf?
Money was invented, yes. But how does one use that money for trade and importing and exporting goods? Surely, the monies of the world come in different forms, sizes and denominations.
Before the First World War, most central banks supported their monies by means of gold however; this did not happen often and as such led to the deflation of the government's funds. As a result, the foreign exchange system was invented. This enabled nations having different currencies to use their own money in another country. This made trade, commerce and tourism easier a hundredfold.
Nowadays, people no longer fear to make trades, transact business or travel to other countries because now they can easily have their money converted into that of another's. In fact, the foreign exchange market is open 24/7, among the largest and major financial centers such as Paris, Hong Kong, Sydney, Zurich and Frankfurt to name just a few.
For the world to become one is not a far-off dream anymore. As the creative mind still operates, so will progress be ours for the taking.
