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Andrew History of Money
Transcript of Andrew History of Money
The needs of mankind have evolved over time
Before people used money they traded.Trading is when you exchange things for another. For example people changed good and services. So they could have different things like corn,pig,cows,etc. This was the first change of the history of money.
In 1000 BC people changed to Metal Coins. People stopped using shells because they were disagreeing with the value or people didn't had the same currency. They used coins made of gold, silver and copper. Then they stamped a face of a president a god or another person. People agreed the value of coins. People could buy things easier. In 1000 BC people could buy things easier then shells.
In 800 AD people started used paper money. People stopped using coins because the coins was heavy and they ran out of Metal quickly.From then on people started using paper currency. Suddenly it was easier to carrie paper. This was the 4th change in the history of money
Today we have invisible money.Invisible money is a Invisible way to pay things for example if I wanted to buy a car. I get a credit card and slide it in a machine,and the money is eletronic.They Changed because it is easier to carrie with you and its easier to pay. This was the last change of the history of money.
In about 1200 BC people stopped trading and started using shells as money. The reason that they stopped trading because some things were top hard to transport,and some people don't want to trade with you. That way people could have different things to eat and use. This was the second change of the history of money.
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