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Amaia The History of Money

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ACOTOPAXI QUITO

on 13 March 2014

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Transcript of Amaia The History of Money

The History of Money
By: Amaia
4th grade
Ms. Voss
Bartering
Precious Coins
Paper Currency
Natural Resouces
Invisible Money
MONEY
The needs of man kind have evolved over time
Bartering 9000 BC and earlier
Before people used money they bartered.
Bartering is when you you exchange one thing for another thing. For example, people bartered livestock, minerals, food products and cattle (cows, sheep, chicken). Bartering was used to get new or different materials such as food and wood.When people started bartering they started traveling to places to get more food.Bartering was as important first step on the way to creating money.
Natural Resources 1200 BC
In about 1200 BC people stopped Bartering
and started using natural resources as money.
The reason people stopped bartering was because some things were too hard to transport and some people didn't always want to trade with what you had. People carried natural resources like (feathers,
shells, rocks) to use as money. Natural resources was much easier than bartering because it was easy to carry and everybody agreed on the value. Changing from Bartering to using natural resources was helpful.
Precious coins 1000 BC
People created coins. Sometimes
it was unfair to exchange a big shell for a
ones. Precious coins are coins that are made of bronze, metal, silver, copper and gold. They are also stamped with a mark of authenticity. Thanks
to coins everyone has agreed that the value of a coin is equal.
Paper Currency 800 AD
Around 800 people started using paper
currency. They decided to use paper currency
because they would run out of metal and the coins were too heavy. People stated printing on paper with spacial details to stand for the new kind of money. The good thing about paper currency is that it is easy to carry around and to make as well. Paper currency is now very common too thanks to the change.
Invisible Money Now
In modern time Money had one more change Invisible $. People changed because they found out that somebody can steal your money from your packet esealy. Invisible money is money you don't see it's usually online or electronic. Invisible money is important because nobody can get it and if they do they have to enter a secret code.invisible money is still used a lot today and is the most modern change.
$
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