II. Money and Happiness A. What is money? 1. Money is simply a unit of exchange in which the transfer of goods and services is exchanged for. Money is synonymous with currency and cash. (Wikipedia: Money) 2. Money allows for the creation of set values of goods and services, and facilitates those trades between producer and worker and consumer and recipient. 3. Money can be recognized as any form of currency, or a medium of exchange a. Shells b. Bones and fossils c. Tokens d. Special rocks and minerals B. What is happiness? 1. Happiness is defined by the Merriam Webster dictionary as “a state of well-being and contentment or a pleasurable or satisfying experience. (Merriam Webster Dictionary) C. A Time Before Money 1. Generally, historians agree that money was created at approximately 100,000 B.C. (Wikipedia: History of Money) 2. Before that time, a system of bartering was the only way goods or services could be exchanged. a. “Barter is a type of trade that doesn't use any medium of exchange, in
II. Money and Happiness A. What is money? 1. Money is simply a unit of exchange in which the transfer of goods and services is exchanged for. Money is synonymous with currency and cash. (Wikipedia: Money) 2. Money allows for the creation of set values of goods and services, and facilitates those trades between producer and worker and consumer and recipient. 3. Money can be recognized as any form of currency, or a medium of exchange a. Shells b. Bones and fossils c. Tokens d. Special rocks and minerals B. What is happiness? 1. Happiness is defined by the Merriam Webster dictionary as “a state of well-being and contentment or a pleasurable or satisfying experience. (Merriam Webster Dictionary) C. A Time Before Money 1. Generally, historians agree that money was created at approximately 100,000 B.C. (Wikipedia: History of Money) 2. Before that time, a system of bartering was the only way goods or services could be exchanged. a. “Barter is a type of trade that doesn't use any medium of exchange, in