Money

About the Book

It took several thousand years to arrive at the sophisticated monetary system that presently exists. The book traces the evolution in the development of money from the ancient art of bartering to the cashless society that exists today.

The metallic medium of exchange is explored, as is the replacement of gold by paper money. The value of money and its three main functions, as a medium of exchange, as a standard of value and as a store of wealth are treated. Information about a standard for deferred payments are also covered.

Two of the six chapters deal with the never ceasing trouble of counterfeiting, to up-to-date measures being taken to deter its use. The exploits of counterfeiters, infamous, yet colorful, past and present are highlighted.

The book includes a forty-one word glossary about useful economic terms, suggestions for further reading and a three page list of works consulted for the extensive research of the book.

About the Author

Abraham Resnick, a native New Jerseyan, is a noted author and educator specializing in elementary and secondary social studies education. Prior to his retirement, he served for many years as a professor of education at jersey City State College. He was the Director of the Instructional Materials Center at Rutgers University Graduate School of Education from 1956 to 1968. In 1975, he received that school’s Alumni Award for Distinguished Service to Education.

Dr. Resnick has had an outstanding career writing many student-level and professional books. His titles include an array of subjects, including books about countries of the world, maps and globes, weather, money, American holidays, the Holocaust, the state of New Jersey, and ideas for teachers. He has received two writing awards from the National council for Geographic Education as well as numerous honors.

The author enlisted in the armed forces during World War II and served as a weatherman in the United States Army Air Corps.

Abe Resnick has a number of diverse interests. He enjoys cooking, watching sporting events, playing golf, lap swimming, long-distance walking, travel to remote regions of the world, and spoiling his five grandchildren.