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What is an Organized Barter or Trade Exchange? Birmingham Alabama
What is an Organized Barter or Trade Exchange? Birmingham Alabama. BARTER: The cashless exchange of goods or services for other goods or services. Before there was "CASH" people bartered with one another. It is the oldest form of currency. This is a practice still utilized today. Some issues with bartering is finding someone willing to barter, that person may not want what you have, or there is an unequal value in the trade. Who gets the better end of the deal? Thus, the value of a trade or barter exchange! Organized barter Exchanges began back in the early 1900's, when there was a shortage of cash. It all started with a doctor, carpenter, and a store owner. The carpenter could not pay his bill to the store, yet still had great need. The doctor heard his story and asked if he would come do construction at his home. In exchange, the doctor would pay the bill the carpenter owed the store. And that was the birth of organized barter/trade exchange! Cash is King! So we say