Money Evolution

By Alexa Alizee
  • Period: 9000 BCE to 6000 BCE

    Livestock

    Animals are considered the oldest form of currency.
  • 8000 BCE

    Bartering

    Early man exchanges resources and services for the benefit of each party
  • 3000 BCE

    The Shecked

    Grais is used as currency in Mesopotamia, using a shekal as measurement of weight.
  • Period: 1000 BCE to 6000 BCE

    Crude Metals Coins

    Coins made from base metals first appear in China
    . However the metals are non-precious make them dificult to use for more expensive puchases
  • 700 BCE

    Precious metals coins

    Gold and silver coins are first used in ancient Lydia (Turkey) and costal greek cities. The profiles of gods and emperors are stamped into the metals
  • 118 BCE

    Leather money

    Pieces of white deerskin are used. Thhis could be considered the first documented type of banknote.
  • 806

    Paper Money

    First appear in China, this is followed by centuries of figuring out the balance production and inflation.
  • 1200

    Shell Money

    Shell money is first used in China.

  • Gold

    Gold is officialy the standard of value in England.

  • Gold - Backed U.S. Dollar

    Is created in the U.S., establishing a central bank as well as Gold - Backed federal reserve notes.

  • Charge Cards

    Departament stores hotel chains, and service stations start providing charge cards to costumers with cars so they don't have a travel to their hometown bank to get cash.

  • Credit Cards

    Diners club releases its first card. It's made of cardboard.