What changes have occurred in people’s lives with the transition from a subsistence economy to a commodity-money economy?

City markets and fairs were widespread, where artisans and peasants could sell their goods. In the markets, the services of money changers were in great demand, which exchanged coins of various states, determined their authenticity. Accumulating large sums of money, money changers lent them at a high interest rate, becoming usurers. Gradually, on the basis of shops, money changers and usurers appeared the first banks – organizations that lent money and also accepted deposits for safekeeping at interest.

Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.