Most people thought only regionally and were not aware of anything that was away more than a day’s march.
It’s amazing how everything progressed. At the same time it’s very easy to imagine how it worked at that time. Even though in some places things were much cheaper than in others, it must had been a great opportunity for business. It all made a difference if people took advantage of this opportunity. Just like we are taking advantage of today’s opportunities and I’m talking specifically about cryptocurency. Even though those early birds made the best deals, I’m pretty much convinced it’s still not too late. Especially in today’s discounted prices.
It’s also surprising that it was Chinese who invented paper money first and even more surprising that it took Europeans another 500 years to understand and apply this concept.
The first real credit card was introduced in 1950 by Diners Club,....
I wonder what most people thought about this concept. 🤔 I think I know. They thought about it exactly the same way most people think about cryptocurency today. Which means not too optimistically. I guess they need some time to adopt. I just hope it won’t take 500 years lol.
BTW: with cryptocurency I also belive in precious metals.
THX for your reply. I was also astonished about some things I didn't know about money while researching this article.