Money

History of Money

By Jachaller15
  • Barter System
    100

    Barter System

    Trading goods and services for other goods and services.
    Problem: hard to estimate value.
  • Use of coins
    105

    Use of coins

    Started before 105, was main currency in Europe until 1600.

  • FIrst paper currency in Europe

  • First colonial bills

    First colonial bills

    First Colonial bills are made

  • First counterfeit deterrent

    Ben Franks gets this idea to make it so people can't make their own money.

  • First National Bank

    Congress Chartered the first national bank, creating support for financial operations

  • First ten dollar bill

  • First credit Cards

  • 'In God We Trust first appears on money

  • Electronic payments gain popularity