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Money Matthew

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on 24 April 2014

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Transcript of Money Matthew

By: Matthew
4 Grade
Ms.Margot Class

Bartering was thousands years ago. Bartering is trading but the thing that you traded had to be valuable because people would trade good stuff. But when people traded they had problems of what they gave each other for example it didn't last long,lacked value and heavy.

Currency is money or some objects each culture had currency. The objects were light or something valuable, rare (unusual) and hard to find. So people traded shells,rocks...ect.

Coins were precious metal, rare and easily shaped. Minted means make and coins were made 2,600 years ago,gold and silver were made to but it was rough and crude (not even) it was made in middle east and and then it was laten pure gold and silver. Chinese coins carry holes to carry it easier to carry.
Paper Money

Paper money was invented by T'sai lun
it was invented 1,900 years ago and 700 years later in was used. The paper money was made by hand so it took a lot.

Invisible Money

Invisible money are credit cards and credit cards keep track of how many money saved. Now debit cards take cash from bank accounts. So credit cards borrow money, pay interest and if the interest gets bigger the longer it takes to pay back.
The Main idea is the needs of mankind have evolved over time.
Full transcript