Evolutionary History Of Money

Timeline created by Ansar Baig
In History
  • 11,000 BCE

    Introduction

    Introduction
    It is important to study history to understand changes. I choose this topic for timeline because we should know how in the present we use money as a resource of exchange and how it evolute from past till present. First, What is money? By definition, its something of value or widely accepted medium of exchange. But, over the last 10,000 years, the material from the money has taken changed considerably from cattle and cowrie shells to today's electronic currency.
  • 10,000 BCE

    In the Beginning: Barter

    In the Beginning: Barter
    Barter is the exchange of resource or services for mutual advantage, and the practice likely dates back tens of thousands of years. Some would even argue that It's not purely a human activity; plants and animals have been bartering in symbiotic relationships.
  • 1200 BCE

    Cowrie Shells

    Cowrie Shells
    Historically many societies have been used cowries, the shell of mollusk as money, and even as recently as middle of this century cowries have been used in some parts of Africa.
  • 1100 BCE

    First Metal Money and Coins

    First Metal Money and Coins
    Bronze and copper cowrie imitations were manufactured by China and could be considered some of the earliest forms of metal coins .These early metal coins developed into primitive versions of round coins.
  • 1000 BCE

    Cattle

    Cattle
    Cattle which throughout history and across the globe have included not only cows but also sheeps ,camels , and other livestock are the first and oldest form of money
  • 500 BCE

    Modern Coinage

    Modern Coinage
    Outside of China,the first coins were developed out of lumps of silver. They soon took the familier round form of today, and were stamped with various emperors to mark their authenticity.
  • 118 BCE

    Leather Money

    Leather Money
    Leather money was used in China in the form of foot-squarepieces with colorful borders. This could be considered the first documented type of banknote.
  • 118

    Paper Money

    Paper Money
    On 118 A.D, the first known banknotes appeared in China. Then, it appear in Europe and three centuries before i was considered common.
  • 1500

    Potlach

    Potlach
    On 1500 A.D,Potlach use as a resource of exchange . it is a ceremony ,where not only gifts were exchanged, but dances feasts were performed.
  • 1535

    Wampum

    Wampum
    On 1535 A.D, Wampum , which are strings of beads made from clam shell were used as a resource of exchange.
  • The Gold Standard

    The Gold Standard
    On 1816 A.D, At this time in England guidelines were made to allow for a non-inflationary production of standard banknotes which represented a certain amount of gold. These banknotes were used in England and Europe for several hundred years.
  • The Present

    The Present
    Today, currency continues to change and develop.
  • The Future: Electronic Money

    The Future: Electronic Money
    Digital cash in the form of bits and bytes will most likely continue to be the currency of the future . In the end, in my opinion, if we are rich or belong to middle class family we should spent some amount from our money on poor peoples to fulfil their needs.