I had a bunch of trading cards which was popular among my school mate. We would exchange rare cards one has specific feature that I need and the other my mate need etc. We were happy to barter trade the cards.
Activity 1. A Brief History of Money
Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
I remembered I trade my friend my iPod touch for his desktop computer during college. I think it was not a fair exchange because I knew his desktop was more valuable than my iPod touch but he agreed the trade anyway because he really wanted my iPod touch. It was fun for me because I don’t need to sell my iPod touch for less.
When I was a kid in Denmark we got milk supplied to our classrooms to go with our lunch. You had to choose in advance what types you wanted, and often when you saw what others has you would regret your choice, or some had their parents choose for when so they always got the regular milk or plain yoghurt. So there was a lot of barter transactions going on during lunch at school, every thing from doing someones homework or trading a small piece of toy just to get their delicious cocoamilk instead of your minimilk.
When i got older, Magic Cards became a thing, we traded different types with each other.
Often I got the worse end of the deal, being bit naive when I was little.
As a kid for my barter exchange was with the use of the different types of marbles my brother and I collected. We would win some through games and battles, but I’ve had a couple where I would trade a rare design for multiple more common marbles to use. I would say it was a fair exchange in my opinion, as I had received more marbles to play with.
I use to trade hockey cards and tin soldiers when a was a child. I sold my most valuable card i was a special edition on Wayne Gretzky. I bought a Super Nintendo console for that money.
Growing up I loved riding skateboards and would trade with other stake boarders to improve the quality of my skateboard (wheels, board, hardware). This was the primary way I tried new products and upgraded my board. I thought it was very fair, sometimes I was on the better side of the trade and other times I got taken advantage of a little bit.
Trading different flavors of Jolly Ranchers or some other candy, when this candy was distributed randomly (at school, etc.).
Trading and swapping sports (e.g. football / F1) cards and stickers for others we wanted to complete our collections
As a kid, hockey cards and comic books were the "real " money. Used to trade to complete sets but had to give up good cards every once in awhile.
And not so much bartering but do we not trade our time for Fiat Currency to the companies we work for? Kinda depressing knowing that we are working for something that actually has no “value”.
It is hard to remember if I was involved in a barter transaction as a child…I’m sure I traded snacks with other kids, but I do know of one thing that was recent. An elderly woman needed help moving a dining room table and chairs out of her house, and in exchange we were given the table and chairs to keep! I think its safe to say we definitely got the better deal lol it is a very nice table and definitely worth way more than anyone would have charged her to remove it. (I don’t actually know why she wanted to get rid of it, she may have been downsizing to a smaller home.) It was extremely generous of her to give it to us!!
Me and my friend used to trade snacks at lunch in elementary school so we could have access to foods that our respective parents rarely got. I don’t recall it being particularly unfair
I bartered some interior design work with my chiropractor for her services. It was fair exchange because both services were worth about the same amount of dollars.
I used to trade as a kid all the time. My best trade was giving my friend about 100 mediocre Pokemon cards that I had doubles on for his Charzard card which was the most valuable.
best i can do is swapping star wars stickers as a kid
Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
A friend of mine once traded a tuba for an old Volkswagen with
another mutual friend. Both later ended up selling, and the friend
who sold the tuba got more money than the other. I had always
believed the tuba to be the better end of this dieal.Me and my friends used to trade baseball and American football cards frequently. We all believed it was a fair exchange as we based it on the supposed value of the cards in USD fiat currency. That is why everyone involved believed it was a “fair” exchange.
Describe a barter transaction that you’ve been a part either as a child or adult.
I recall trading my shoes to a shirt/blouse with my sister.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
- shoes --> blouse
- It was just fair as I liked my sister’s shirt and in turn she liked my shoes. Instead of borrowing, we decided just to barter so that we would own it.
As an adult I exchange my 50 dollar bills with my dad who always carries 100 dollar bills,
pineapples for greens we call it,
as kids it was football cards we would trade ones we had too many of for ones that we were missing which makes the collection more valuable.
Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
In my childhood it was really popular to collect soccer players stickers, and exchange the duplicates with other kids. usually you could make a 1:1 barter, but off course when you or one of your friends had few missing sticker in order to finish their album the missing sticker worth a lot more than the average value.
Usually it wasn’t so worth it for me cause i never finish an album it was more a social moment than an actual deal.
I used to work for goods, courses, food and stay, work in return for rent, all kinds of things and I barter as much as possible.
Fair exchange mostly, not always, sometimes it was taken advantage of (working trillions of hours a day and not fixing a contract or clear establishment of rules makes it hard to work with ppl who are limitless and disorganized… the best is to exchange physical goods I think. Once the deal is done its done.