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Bianca How Money Evolved
Transcript of Bianca How Money Evolved
The needs of mankind have evolved over lime.
Before people used money, they traded. Trading is when you exchange one thing for another. For example people traded services, life stock, or resources. It helped people get new and different materials. People were now eating a variety of food to be healthier. Traveling was used to trade their thing. Trading was an important 1st step on the way of creating money.
In about 1200BC people stopped trading and started using natural resources as money. The reason people stopped trading was some things were hard to travel to one place to another. Also people didn't always want to trade with what you offered. Natural resources like shells, rocks, or feathers were used by
people. It was easier to carry and also
every one agreed it was valuable.
Changing from trading to natural resources
In about 1000 BC people changed from natural resources to metal coins. They started to use metal coins because people were having an issue of which is more valuable, a bigger one or a small one. Coins were made out of valuable materials like gold, silver
and copper. They stamped
important people on it. It helped
stop arguments on which one is
bigger. Also they all agree on their
value. Many things changed
because of metal coins.
People changed from metal coins to paper currency. They changed because they ran out of metal to make the coins and, also the coin were heavy to carry. They started printing on paper to stand for money.