Final answer:
Georg Simmel regarded the evolution of monetary payment systems as a significant historic transition that facilitated more complex commerce, trade, and economic development, influencing modern banking and cultural practices.
Step-by-step explanation:
Georg Simmel saw the development of monetary payment systems as a part of historical evolution leading to more complex forms of commerce and social interactions. Money, which began as objects like cowry shells or precious metals and has evolved to modern-day cash, checks, and electronic forms, is key to this progression. Money created a shift from bartering to a system where goods and services could be exchanged efficiently, facilitating wider trade and economic development. In modern banking, the role of money continues to transform, impacting various spheres of life, including the arts and cultural expressions.