Bitcoins 2717656b

the history of money

  • Metal rings
    2500 BCE

    Metal rings

    It was in Egypt
  • Ancient Egypt
    2500 BCE

    Ancient Egypt

    It was around 2500 BC because were making metal rings
  • Small models of everyday objects
    1700 BCE

    Small models of everyday objects

    bit was until very recently
  • The first paper money
    1100 BCE

    The first paper money

    The same time in China, was being used
  • Lydia
    600 BCE

    Lydia

    The first coins
  • Electrum
    700

    Electrum

    they were made of discs, is a natural mix of silver and gold
  • King crousus
    700

    King crousus

    The first know gold coin was minted by the Lydia
  • China
    1100

    China

    rather than exchanging objects like tools
  • Eurpe
    1100

    Eurpe

    were using more metal coins
  • Paper monet

    Paper monet

    Canadian colonies began to use paper money too and this innovation led to a huge increase
  • Pieces of eight

    Pieces of eight

    Pirate walked into ypur shop he might try to pay
  • Bits

    Bits

    Spanish eight real coin was often split up into bits to pay for things
  • Debit cards

    Debit cards

    Many people use plastic cards to pay for things
  • coins of metal fro their colonies

    coins of metal fro their colonies

    physycal money is no longer directly linked to valuable items i.e. precious metals
  • End of the threepenny bit in the UK

    End of the threepenny bit in the UK

    Was a currency unit equaling eighty-one pound sterling, or three-pound sterling pennies.