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History of Money

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Alex Goettlicher

on 16 June 2015

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Transcript of History of Money

The History of Money
By: Alex Goettlicher
- Has been around for a long time
- Still Used Today
- Does not involve money
Connection to Book
- Concept of money and wealth is embedded throughout the novel

- Emphasizes disparity between
the rich and the poor

- Huck shows that he has more money
than he has ever wanted

- He views money as a luxury instead
of a necessity

- Jim sees money as a path to freedom

- You can get the items you want quickly

- You wont have to travel

- Very simple, flexible, and affordable

- You can get something you need for
something you don't need anymore

- You do not have to part with material

- You can offer a service in exchange
for an item or vice versa
- There has to be a double coincidence
of wants on each side

- No common measure of value

- Lack of divisibility

- Problems with storing wealth

- Problems with transporting goods and
services from one place to another

- Trustworthiness of trading partner
Typically Exchanged Goods
Human Skulls
Cowrie Shells
Crafts and Furs

9000-6000 B.C.
1200 B.C.
1000 B.C.
500 B.C.
118 B.C.
Cowrie Shells
Medal Money & Coins
Modern Coinage
Leather Money
Paper Currency
The Gold Standard
End of the Gold Standard
- Oldest form of money
- Includes cows, camels, sheep, goats, and other animals
- Produces more livestock (money)

- Most widely and longest used currency in history
- Found in the Pacific and Indian Oceans
- Very important in China
- Cowrie imitations made in China
- Made sharp objects into round coins
- Had holes for chaining together
- Had stamps of Gods and emperors
- First appeared in Lydia
- Similar to money used today
- Strips of leather with print
- Very colorful bordered edges
- First type of banknote

- Many countries made gold their standard value
- Banknotes represented a certain amount of gold
- Gold lead to the established the central bank of America
- Gold standard fell during Great Depression
- Gold standard was revised and the price of gold was devalued
- International gold standards eventually ended

The End
- Get into groups of 4 or 5

- Take 5 minutes to invent a new form of money

- Be creative and think outside the box

- Present your idea to the class & explain how it works

The Newest Invention
- First paper banknotes created in China
- People called it "flying money" at first
- Very light and mobile
- A lot of people use the conveniant credit card
- You dont have to count your cash or carry it around
- Physical appearance of money is changing
- Anything is possible
- Transactions without money
- New forms of currency
Fun Facts about Money
1) More than 2 million Americans live on less than $2 a day

2) A penny costs 2.4 cents to manufacture

3) 96% of employed people will not be able to retire at age 65

4) 5% of the people who buy lottery tickets account for 51% of all tickets sold

5) Only 8% of the world’s currency is actual physical money

6) There is more Monopoly money printed every year than actual cash

The Future of Money
Full transcript