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Quakers Invented The Price Tag

Most of us are used to prices that don’t change. You go into a store to buy some Quaker Oats, and they're going to cost the same for you as they will for whoever tries to buy them next.

For most of human history, you had to haggle over prices before you could buy something.

The Quakers were among the first people to commit to fixed prices — and they did it because they thought it was more fair. Turned out, it was also good business. This is the strange story of the long journey of that little piece of paper.