Money

Money

By Madison_Ladner
  • Jan 1, 700

    Lydians became the first in the Western world to make coins

    Lydians became the first in the Western world to make coins
    Countries were soon minting their own series of coins with specific values.

  • Maryland, North Carolina and Virginia issued a "tobacco note"

    Maryland, North Carolina and Virginia issued a "tobacco note"
    this could be converted to a certain amount of tobacco. This type of money was easier to make large payments and carry than coin or tobacco leaves.

  • The first US paper money was issued

    The denominations were $5, $10, and $20

  • The dollar bill became legal tender

    The dollar bill became legal tender
    You were able to now use this money to purchase items.

  • The inclusion of "In God We Trust" was required for all currency

    The inclusion of "In God We Trust" was required for all currency
    This was inforced by law

  • The national motto first appeared on paper money

    The national motto first appeared on paper money
    It was on a 1$ Silver Certificate

  • Chinese used paper money

    Chinese used paper money
    Chinese were the first to use paper money and it was the size of a sheet of paper.

  • Phoenicians created money

    Phoenicians created money
    They invented metal money, which they first formed into iron half-rings that looked like a pair of bull’s horns.