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Zamora Chinchipe Travel on UNIVERSITY OF WISCONSIN, OSHKOSH barter THE EXCHANGE OF ONE COMMODITY for another, barter is used in the absence of any widely accepted type of money, where money is defined as any commodity, coin, or paper currency whose primary value is as a medium of exchange, not as a good or service. Barter evolved early in the history of mankind as individuals recognized the benefits of a fundamental component of capitalism: exchange. Historical evidence suggests barter developed as early as 9000 B.C.E. when human beings exchanged cattle and plant products such as grain. Before they integrated barter into their daily lives, societies were largely self-sufficient. Zamora Chinchipe Travel 2016.