Paper Money: Jab Receipt Paisa Ban Gayi
Gold aur silver bhaari (heavy) hote the. Lambi doori tak inhe safely transport karna ek bada risk tha. Logon ne is problem ka solution 'paper receipts' mein dhoonda.
Jaise humne pichle lessons mein dekha, logon ne apni asani ke liye receipts aapas mein exchange karna shuru kar di thi. Dheere dheere governments ne bhi is system ko tasleem kar liya aur official paper notes print karna shuru kiye. Har paper note ke peeche government ka ek wada (promise) hota tha: 'Isey bank lao, aur badle mein apna gold wapas le lo.' Isey 'Gold Standard' kehte the.
Temptation (lalach) bohot badi cheez hai. Jab governments ne dekha ke general population apna gold claim karne vaults mein wapas aa hi nahi rahi hai - balki note ko hi paisa samajh kar trade kar rahi hai - unhone ek fraud khelna shuru kiya. Jangon (wars) ya aish-o-ishrat ke kharach nikalne ke liye unhone utne paper notes chhaap diye jitna vault mein gold tha hi nahi!
Key Takeaway
Paper money originally sirf gold ki aik 'receipt' thi. Lekin jab sarkaron ne fraud karke over-printing shuru ki, toh paisa apni asli value kho baitha, aur Mehangai (Inflation) system ka hissa ban gayi.