Lead: Nothing is valuable until someone thinks it is, a lesson John Law, the Scottish financier, found out to his ruin.

Intro.: A Moment in Time with Dan Roberts.

Content: At the beginning of the human era economics was very simple. Men and women hunted animals or gathered wild plants simply to stay alive. When they organized themselves into clan or tribal groups civilization as we know it began to develop. As tribes began to congregate and cultivate the land, trade started to develop within and between villages, therefore man has seen the need for a medium of exchange. At first it was not very complex. It might be sharpened flints or trinkets or beaver pelts or animals or fertile farmland. Something considered valuable that could be traded for something else.