The history of money concerns the development of social systems that provide at least one of the functions of money.Such systems can be understood as means of trading wealth indirectly; not directly as with barter. Money is a mechanism that facilitates this process.. Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
Money, in some form, has been part of human history for at least the last 3,000 years. Before that time, it is assumed that a system of bartering was likely used.
Cattle, which throughout history and across the globe have included not only cows but also sheep, camels, and other livestock, are the first and oldest form of money.
HISTORY OF MONEY including Better than barter, Safe in the temple, The first mint, Bronze coins in China, Greek and Roman financiers, Origins of today's currencies, Paper money in China, Bank notes in Europe, Minting shells
Representative money has now been replaced by fiat money. Fiat is the Latin word for "let it be done." Money is now given its value by government fiat or decree, ushering in the era of enforceable legal tender, which means that by law, the refusal of "legal tender" money in favor of some other form of payment is illegal.
From China’s “flying money” to Siberian “soft gold,” here are eight things you may not know about the history of money. Barbara Maranzani. 1. China created the world’s first paper ...
The history of money: from barter to bitcoin Money has been a part of human history for almost 3,000 years. From the origins of bartering to modern money, this is how the system has evolved
An animated video exploring the history of money. From the use of objects to function as monetary value to the development of metal and paper money as currency.
Money is actually a general term for a concept that has changed throughout history and is still changing today. The history of money has played critical roles throughout many other parts of history and it’s not going away anytime soon. Without further ado, let’s talk about where money came from and where it’s going today.
The first $2 notes are Continentals and are nine days older than America. On June 25, 1776, the Continental Congress authorizes issuance of the $2 denominations in “bills of credit” for the defense of America. In order to finance the Civil War, Congress authorizes the U.S. Department of the Treasury to issue non-interest-bearing Demand Notes.