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It first was introduced by the spanish cortez by giving slips of papers in change of our raw materials. But then it started to change when they found out that they can use it for the debts and ownerships of land masses and cer5tain areas. And now instead of going around with the stuffs you want to barter you go with money. The biggest process of circulation is around this time wherein the banks or main producers of money has come around.
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