This question is not easy to answer because money has almost become a familiar thing for each of us.
How will you buy food, clothes, or favorites when the money in the world completely disappears?
This may sound like a fantasy, but in reality, money is also the most liquid universal equivalent used to exchange goods and services. And of course this is set up and agreed upon by us humans. A currency is worthless if no one recognizes it.
A currency is worthless if no one recognizes it.
Before paper money, mankind used to use coins minted from metal, and even more ancient, we also have feathers, shells, or stones to exchange like “money”. And going back to the ancient past when people were still living in small clans, people exchanged goods directly with each other without the intermediary of money.
Of course, the comparison today with our ancestors is quite lame, but to show that people once did not know what the concept of money is, but still survived and thrived. So if today all the money in the world suddenly disappeared, what would our society be like? The possible cases, both pros and cons, will be briefly presented through the scientific video below.