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10,000 BCE
bartering
early man exchanges resources and services for the benefit of each party -
Period: 9000 BCE to
livestock
animals are considered the oldest form of currency with livestock such as camels,sheep, and cows being the mpst commonly used. -
3000 BCE
the shekel
grain is used as currency in Mesopotamia, using a shekel as a measuremernt of weight.The shekel later evolves into an equivalent to silver,bronze, and copper. -
1200 BCE
shell money
shell money is first used in China.Societies off the coast of the Pacific and Indian Oceans embrace cowries shells as a popular currency. -
Period: 1000 BCE to 600
crude metal coins
coins made from base metals first appear in China. However, the metals are non-precious, making them dificult to use for more expensive purchase. -
700 BCE
precious metal coins
gold and silver coins are first used in ancient Lydia (modern-day Turkey) and coastal Greek cities. The profiles of gods and emperors are stamped into the metal. -
118
laether money
1-foot-square pieces of white deerskin are used. This form of leather currem¿ncy could be considered the first documental type of banknote. -
806
paper money
paper banknotes first appear in China, thoudht the firstwidely accepted paper money doesn´t appear in China until around 960. -
1535
the wampum
use of wampum-a string of beads made from white clarm shells-is first documented,though it´s very likely that Native Americans had been using the monetary medium for long before . -
gold
though it is certainly not the first time the element is part of a payment system. -
gold-backed U.S. dollar
the federal reserve systtem is created in the U.S. establishing a central bank a well as gold-backed federal reserve notes. -
change cards
department stores, hotel chains, and service stations start providing charge cards to costumers with cars so they don´t have to travel to their hometown bank to get cash. -
credit cards
diners club relases it first card. It´s made of cardboard and can be used in more than 20 restaurants in New York City. -
U.S. dollar
the United States officially goes off the gold standard. -
online shopping
thought the official debut of online shopping is dedated. -
Period: to
mobile payments
M-coommerce is introduced when Coca-cola sets up several wending machines that can accept payment via text message.