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Andres History of Money
Transcript of Andres History of Money
The needs of mankind have evolved over time.
In 1000 BC people changed from using natural resources to metal coins. People started using metal coins because they were disagreeing of the value and the currency of resources. For Example have big shells and you have small shells you would want to trade with me but wouldn't want to. Metal Coins are made of Silver, Gold, Bronze, Etc. Metal coins were stamped to show that they were authentic. On the coins were stamped Kings, Queens, Emperors and special people. The Impact of metal coins was that people agreed about the value and currency of them. People no longer use resources now they use metal coins.
In the year 800 people stop using metal coins and started using paper currency. People started printing faces and special symbols on paper to stand for money. They changed to paper money because people ran out of metal and coins were heavy. The impact of paper currency was that it was easier to carry and it was easier to make. Paper Currency was just one change of money.
Today People use ATM s, credit cards, Online Banking and checks. Invisible money is electronic money or money that you don't see. Some types of invisible money are ATM s, online banking and credit cards but those are not the only ones. People are using this type of money because bills are easy to steal than invisible money. The invisible money is really easy to carry but not easy to steal. This was the last change of money.
In 9000. BC people traded things. trading things is when you give people a thing and that people give you another thing. For example I have salt and you have feathers we can exchange them. People exchanged things because they wanted to have new things to eat, wear and use. this helped people because they had a variety of things and people didn't had to travel to get new things. Trading was the first type of money.
In 1200. BC people stoped trading. people stopped trading because it was to difficult to move big things like cows and people could not want to trade with you. people carried different resources like shells or stones or feathers from their countries that were not so easy to find. people agreed on the value and the currency of natural resources. this change helped people because you could have what you wanted. this change was really helpful.