I’m sure that I traded stuff with my friends when I was a kid but I can’t think of a specific example right now… However, I still do barter transactions as an adult. In my work as a graphic designer I sometimes accept services or goods as part of the payment, for example when I create a logo for a small company that doesn’t have a lot of capital. This can range from physical therapy to hand-crafted products or other stuff - whatever the specific client has to offer. This doesn’t always add up financially but I still think it’s a good deal because it feels good and more “natural” to exchange services or goods in that kind of way.
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?
there was a time that i remember i said as a child to my girlfriend ‘‘if you show me yours i will show you mine’’ i guess we have all been in similar situations but it took another 20 years for my girlfriend to keep her part of the bargain when she became a very good artist. i have still got the picture i drew at 4 years old and i learnt a lesson in compoud iterest that it was worth the wait she got a crumpled up old picture and i got her pretty as a picture
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 would trade comic books, baseball cards with a few of my friends, clothes as a teenager / young adult. I recall one incident when I was 11 of being taken advantage of by my best friends older brother who was 15 at the time. He came over to my place with his set comic books he was willing to trade with comic books I had that he was targeting, though I felt some unease about it when we were trading it never really crossed my mind what he was up to until after we traded and I felt taken advantage of, it was the principle, that I would be targeted by someone who had more knowledge than me instead of informed by this person that what I had was of value. That was one of the first lessons I learned about things of value, people will be unscrupulous in there means to attain it and that we all play the sucker role at times. I wish I could say that was the last time I fell for a scam! I’m still learning!!
I appreciate these courses so far, thank you IOT Team!!
My barter transaction was a kiss from a girl for homework
My first barter transaction was when I was 11 years old. I exchanged a yugioh card for a snickers bar hahaha. Looking back it was actually a pretty dumb trade, because that yugioh card I sold is now worth about $50 today, whereas the snickers bar went straight to the dump (literally)
A barter transaction: Just the other Day i traded painting a tall room entrance of a friends house and he gave me an old stereo, Work of painting for a Sony stereo with bose spekers. yey, aand it works good. yes i do think it was a fair exchange. Peace and happiness your way …
As a child in the school when we had a 10 minutes break, I used to barter football cards with my classmates.
It was a fair transaction as long as the card that I was looking for was available and in if I had a card that would interest the other party… Otherwise, if it was not the case, negotiations began and another interesting game with it, how to persuade the other party to agreed to make the transaction knowing I had not the card the other party was looking for…
As a kid I use to trade NBA basketball cards and marbles, not with one another but independent. With the cards it was all about who had the best players for collectors items in a stack. And all I can recall with marbles was what made a certain marble valuable was the appearance and rareity of that marble, same said with basketball cards.
I used to trade playing cards and since both participants agreed upon the transaction, it was perceived to be a fair transaction at that time. The value of the trade was perceived to be neutral or positive by both participants.
I used to trade pokemon cards when I was a kid. I found the transactions fair because we both got a card that we didn’t have or wanted to have.
As a child I have exhanged 100 chewing gum inserts for a toy car.
As an adult our family has exhanged a 2 room appartment for a 4 room appartment plus a sum of money.
In both cases it was a fair exchange but generally it is hard to find a person who needs the only thing that you have and it’s little probably that you’re interested in the only thing that they have, so the barter is a limiting deal.
I remember trading marbles with other classmates in first or second grade. It´s funny how even at a very young age kids will assign value and argument on why a rarer marble would be of more marble value to trade.
It’s been a while but in early days there was the typical trading of cards (airplanes, cars, etc… which later turned into pokemon, or Baseball cards in the US). Some were better then others… In the beginning you got tricked taking worse cards for better ones just because you got sold into them or because they looked better, but later on you you evolved and learned to use the true properties of the value of each card. Another one was trading marbles. The fairness is obviously in the eye of the beholder. if you believe one card to be more valuable then two cards lesser cards then that is your interpretation of their value and it is fair in your eyes. Somebody else might have a different interpretationi for another set of personal rules
Dessert and Snack trading with my friends it is fair exchange, because I will trade if I want his/her offer to mine but with same amount of food.
I remember me and friend exchanging bouquet of flowers that we tore off outside the shop for couple of candies, shop girl liked it and was happy to do the barter, I was about 10 years old
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?
When I a child, cleaned out garage ( big job) in exchange for a bus ticket purchased so I could go on an outing with group. I felt the exchange was equal…great trip for the hard work.
Computer help for dinner.
If time and energy expended are considered a store of value, then it was not a fair exchange, because the “computer job” took significantly longer and more effort than consuming dinner!
at primary school, we had exchanged some seals and cards with animation characters. This was just like Panini seals with football players. As school did not allow children to bring anything fancy including these items, we were enjoying thrill of it and the exchange value did not matter. It was emotional exchange to show who you like and with whom you want to be friends with.
- We would make soccer balls out of sponges and use a low string to tie around creating a circular shape. We would then bring them to our primary school and exchange them for pens, pencils, exercise books, and even fruits. It was a fair exchange as kids used our soccer balls during recess (exercises), and we shared the stuff and even gave our younger siblings some pencils and books to read.
I have had to trade clothes for math classes and I thought and still it was a fair deal for both the teacher and I.