when was the barter system ended?
Answers
Answer:
When money was invented, bartering did not end, it become more organized. Due to lack of money, bartering became popular in the 1930s during the Great Depression. It was used to obtain food and various other services. It was done through groups or between people who acted similar to banks.
At first, people used to barter livestock. ... The invention of money didn't end the barter system, it just made it more streamlined.
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Answer:
-- The shortage of cash resulting from Prime Minister Narendra Modi's demonetization drive has seen much of India degenerate into a barter economy -- if certain reports are to be believed.
Nearly 90% of Indian bank notes were taken out of circulation in November, and according to local media, a number of communities in the country have seen people haggling over the exchange of goods in the absence of sufficient cash.
But a trek of 1,300km to some of the places where barter trade had been reported revealed a far more complex picture.
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