How_Money_Works_-_The_Facts_Visually_Explained

...

...

$ € $ £ ¥ HOW MONEY WORKS US_001_Half_Title.indd 1 14/10/2016 14: ...

€ $ £ $ € £ ¥ ¥ $ $ $ $ € % $ $ US_002-003_Title_page.indd 2 14/10/2016 14: ...

THE FACTS VISUALLY EXPLAINED £ $ $ £ € $ £ ¥ $ HOW MONEY WORKS US_002-003_Title_page.indd 3 14/10/2016 14: ...

$ $ € $ ¥ £ Senior editor Project editor Senior art editor Project art editor UK Editors US Editors Designers Managing editor Se ...

Corporate accounting 26 Net income 28 Expensing vs capitalizing 30 Depreciation, amortization, depletion 32 Smoothing earnings 3 ...

The money supply 86 Increasing money circulation 88 Banking reserves 90 Recession and the money supply 92 Recession to depressio ...

James Meadway is an economist and policy advisor who has worked at the New Economics Foundation—an independent British think tan ...

$ $ £ ¥ SOLD $ $ $ $ $ $ $ $ $ $ € US_008-009_Introduction.indd 8 14/10/2016 14: ...

8 9 HOW MONEY WORKS Introduction Introduction Money is the oil that keeps the machinery of our world turning. By giving goods an ...

$ € $ ¥ £ $ US_010-011_OPENER_CH1.indd 10 13/10/2016 16: ...

MONEY BASICS ❯ The evolution of money % US_010-011_OPENER_CH1.indd 11 13/10/2016 16: ...

The evolution of money People originally traded surplus commodities with each other in a process known as bartering. The value o ...

12 13 MONEY BASICS The evolution of money Bank notes (1100–2000) States began to use bank notes, issuing paper IOUs that were tr ...

T r a d in g^ with^ IOU s Barter, IOUs, and money Barter in practice Essentially, barter involves the exchange of an item (such ...

14 15 MONEY BASICS The evolution of money How it works In its simplest form, two parties to a barter transaction agree on a pric ...

Timeline of artifacts How it works Bartering was a very immediate form of transaction. Once writing was invented, records could ...

16 17 MONEY BASICS The evolution of money Arabic dirham Many silver coins from the Islamic empire were carried to Scandinavia by ...

ARTIFACTS OF MONEY COPPER 154 0 -16 4 0 Potosi inflation The Spanish discovered silver in Potosi, Bolivia, and caused a century ...