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The History of Money

This prezi will show how money came into existence and how currency has changed throughout history.

Samantha Albrighton

on 8 February 2013

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Transcript of The History of Money

of Money The History China Egypt References 1) Caknix. (n.d.). TimeRime.com - History of Money timeline. TimeRime.com - Homepage. Retrieved February 6, 2013, from http://timerime.com/en/timeline/731515/History+of+Money/ 2) Chukee. (2008, January 28). History of Currency | View timeline. xtimeline - Explore and Create Free Timelines. Retrieved February 6, 2013, from http://www.xtimeline.com/timeline/History-of-Currency 3) McGillivray, D. (n.d.). Money - The Canadian Encyclopedia. The Canadian Encyclopedia. Retrieved February 6, 2013, from http://www.thecanadianencyclopedia.com/articles/money 4) NOVA. (1996, October 26). NOVA | The History of Money. PBS: Public Broadcasting Service. Retrieved February 6, 2013, from http://www.pbs.org/wgbh/nova/ancient/history-money.html 5) Teacher Resources - History of Money Timeline. (n.d.). Western University | Faculty of Education | London, Ontario, Canada. Retrieved February 6, 2013, from http://www.edu.uwo.ca/TeacherResources/historyMoney/moneytimeline.html In the Beginning... People exchanged goods and services for payment instead of using money [3,4]. 9000-6000 B.C.E. Cattle and Crops People traded with cattle(including sheep, camels, and other livestock) and crops [1,2,4]. 6000 B.C.E. Gold Rings Gold Rings are used for currency in Egypt [1]. 1200 B.C.E. Cowrie Shells Cowrie shells were used for money in China [1,2,4]. 1000 B.C.E. Metal Money, Tools, and Coins Bronze and copper cowries are used in China [4].
Were considered the earliest forms of metal money [1,2,4].
Metal tool money (knives and spades) were also first used in China [2,4] and were later developed into the primitive versions of round coins [4]. Turkey 600 B.C.E. Silver Coins are first made from precious metals such as silver, bronze, and gold in Lydia (modern day Turkey) [1,2,4,5]. Italy 494 B.C.E. The first dated coin is made in Sicily, Italy and is dated year 1 [5]. 206 B.C.E. Silk Road Spices, tea, silk, horses, tools and so forth are widely traded [1]. 118 B.C.E. Leather Money Leather money (one-foot-square bank pieces of white deerskin with colorful borders) are issued in China [1,2,4]. Considered to be the first documented type of banknote [1,4]. Ireland 800-900 C.E. The Nose In Ireland, whomever failed to pay the Danish poll tax had their nose cut off as punishment [1,4]. 806 C.E. Paper Currency The first known paper notes is used in China [1,2,4]. North America 1500 C.E. Potlach North American Indians held Potlachs which were gatherings where gifts were exchanged and banquets,dances and rituals were performed [1,4]. Potlachs were used to establish a leader's social rank [4]. 1535 C.E. Wampum The North American Indians used wampum, which were stings of beads made from clam shells, for money [1,4]. England 1816 C.E. The Gold Standard Gold is made the standard value in England [1,4]. Pakistan 1867 C.E. First Bank The first bank is established in Pakistan [1]. U.S.A 1930 C.E. End of the Gold Standard The gold standard is revised in the U.S.A and the price of gold is devalued in response to the Great Depression [1,4]. Canada 1936 C.E. Bank of Canada Bank of Canada is established [5]. 1950 C.E. First Credit Card Diner's Club credit card invented [1,2,5]. Present Day.... Economic transactions regularly take place electronically using digital cash [4]. 1966 C.E. Master Card MasterCard makes its debut [2]. June 27, 1967 C.E. First ATM The First electronic ATM is made [2].
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