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World & CultureOne small ahaCurrency or trade concept

Direct exchange of goods and services without money. Predates the invention of coined currency.

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World & CultureOne small aha
Your new ahaBarter System

Barter System — symbol or shorthand: Goods for goods. Source: Barter ↗

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More from Money & Flags of Trade

A few more worth knowing.

  1. 17This postwar monetary system pegged currencies to the US dollar following the 1944 conference that created the IMF and World Bank.RECALL
    Bretton Woods System

    The 1944 Bretton Woods system pegged currencies to the US dollar and created the IMF and World Bank.

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  2. 18This financial institution took over from the General Agreement on Tariffs and Trade in 1995.RECALL
    World Trade Organization

    The World Trade Organization took over from the General Agreement on Tariffs and Trade in 1995.

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  3. 19Major oil exporters founded this organization in 1960 to coordinate petroleum policy.RECALL
    OPEC

    OPEC was founded in 1960 so major oil-exporting nations could coordinate petroleum policy.

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