History Of Money

By Charlotte Worthington

Barter and Commodities

• Bartering and commodities were the first way of exchange. Bartering was an exchange of goods or services.

• Commodities was the basic term of money and things like tea, tobacco, salt, cattle and seeds were used for the exchange.

Shells

• In 1200B.C China cowry shells were used as the form of money.

The First Metal Money

• In China around 1000B.C. people handed in metal tools like knives and spade to make metal circles and they used that as money.

• The money had holes in the middle so that they could be put on a chain and be carried around the neck.

Silver

• This was used in 500B.C. in Turkey. They were imprinted with the faces of emperors and gods to show the value.

• Other metals started being used such as bronze and gold.

Leather

• In China during 118B.C. leather was used as banknotes.

• They were made form deerskin.

Noses

• “To pay through the nose” is a common saying used. It originally came from when the Danes cut off the noses of the people who wouldn’t pay their tax.

• This happened during the ninth century.

Paper Money• China was the first country to have paper

money during the timeline of ninth century to the fifteenth century.

• In 1455 the money disappeared from China and Europeans still didn’t have knowledge of paper money.

Gold

• In 1816 England decided that the value of the gold related to how much it weighed (in ounces). This stopped inflation of the currency.

• In 1900 the U.S. joined onto the idea.

Today

• Money had changed over the years and today we have coins and paper notes. Countries like England and the U.S. have started changing the appearance of some notes.

• Value has also started to change.

Past Present

Tomorrow

• In the future I think that coins and notes will be taken over by cards or even better microchips in jewelry that can just be scanned.