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Elias My History Of Money Timeline
Transcript of Elias My History Of Money Timeline
Precious Metal Coins
The needs of man kinds have evolved over time
Trading 9,000 BC and Earlier
Before people used money they TRADED.
Trading is when you exchanged one thing for another. For example people traded live stock like: (cows pigs birds chicken) and crops like: (corn banana) and services ( carpentry blacksmiths )
People used this service to get food that they have never have tried. People started getting healthier. And others started to travel for new resources. Trading was the first step on the way to money.
Resources About 1,200 BC
About 1,200 BC people went from trading to natural resources as money. The reason people stop trading was that : some people would just not want to trade with others and that was a problem. Some even had things to heavy to carry and others would get damaged on the way. Then people started to use natural resources that was really hard to find like: Bald eagle feathers, shells, etc. Plus everyone agreed on the value. This change helped this people to get what they need with no difficulty or fighting. Changing form trading to natural resources was a very helpful change.
About 1,000 BC people started using metal coins. They stopped using natural resources because people would fight about witch resources is bigger and witch resources is more valuable. The metal was made out of gold, copper, metal, bronze and silver. And they would stamp important people's faces on them. This change helped people stop fighting. Plus everyone agreed on the value. Metal coins was the 3 change in the world.
Metal Coins About 1,000 BC
Paper Currency 800 AD
In the year 800 AD paper currency was created.
This change happened because people ran out of gold, copper, etc. Even some coins were just to heavy to carry and some gold coins would melt in people's pockets. That's why we change to lite paper. This money was made out of printed lite paper and this money would be used as money. This change helped people not go mining for minerals and and it helps people to carry alot money with no dificulty and it helped peopklel make money with no dificulty. This was the fourth change in the world.
People changed to invisible money beacuse paper money was just to easy to steal. Lets say you have 1 million dollars and some one stills all of your money you would lose all that money and the bank could do nothing about it. Invisible money is just money that you dont see like: electronic money or online banking. This change helped people in many difrent ways if some one would steal your money from your credit card you just give the bank a call and the bank will secure all your money and if they cant when the robber that stoled your credit card will have to put your password and will be really hard. This was the last change of all in history in the history of money.
I HOPPED YOU LEARNED MORE ABOUT MONEY $$