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Andrea How Money has Change over Time
Transcript of Andrea How Money has Change over Time
Class: Miss Voss
Shells In 200 BC
The needs mankind have involved over time
In 900 BC and earlier before people used money, traded. Trading is when someone exchanges one thing for the another thing. For example, people traded resources, services, and cattle.(rods, chicken, sheep's), Crops(corn, oranges,), or services, carpenter and black smith. Trading helped people get new things. It helps people travel to different places and be healthier because people could had different kind of food. Trading was an important first step on the way to create money.
In about 1200 BC people stopped trading and started using natural resources as money. The reason people stopped trading was because somethings were really hard to travel and carrie it, another problem was that people wouldn't trade with you. People started caring shells to use as money. People used shells because it wasn't easy to find. Everyone agreed because it was easy to carry and it was valuable. From Trading to using natural resources was helpful.
In 1,000 BC people changed the resources to metal coins. People use natural resources because they disagreed in the value and in the currency.(salt, shells, leaves, and much more). Shells would be more bigger and the other were smaller. When people started using metal coins, they did it in different kinds of material, like gold, silver,copper,
and other kind of metal. When the metal coins started everyone agree. On the value of coins people no longer used natural resources but used metal coins.
In 800 BC people started using
paper currency. this happened
because people start running out of metal.
another reason was that coins were very heavy and was unconfortable. This type of currency was made by people printing paper to stand for money. But you could not make a bill yourself. The impact was that it was easier to carry a lot of money. It was also easier to make it. Paper currency was a great change to the whole world.