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early man exchanges resources and services for the benefit of each party
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animals are considered the oldest form of currency with livestock such as camels,sheep, and cows being the mpst commonly used.
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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.
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shell money is first used in China.Societies off the coast of the Pacific and Indian Oceans embrace cowries shells as a popular currency.
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coins made from base metals first appear in China. However, the metals are non-precious, making them dificult to use for more expensive purchase.
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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.
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1-foot-square pieces of white deerskin are used. This form of leather currem¿ncy could be considered the first documental type of banknote.
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paper banknotes first appear in China, thoudht the firstwidely accepted paper money doesn´t appear in China until around 960.
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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 .
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though it is certainly not the first time the element is part of a payment system.
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the federal reserve systtem is created in the U.S. establishing a central bank a well as gold-backed federal reserve notes.
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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.
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diners club relases it first card. It´s made of cardboard and can be used in more than 20 restaurants in New York City.
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the United States officially goes off the gold standard.
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thought the official debut of online shopping is dedated.
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M-coommerce is introduced when Coca-cola sets up several wending machines that can accept payment via text message.