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Early man exchanged resources and services for the benefit for each person
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Cows, sheep, and camels were the most commonly used currency. It is considered that this is the first currency ever used.
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These were first used in China. They were found off the coast of the Pacific and Indian Oceans.
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Coins were made from base metal first in China. They didn't work out because it was hard to use for more expensive things.
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Spain found gold in Mexico and the new world and becoming the richest nation in the world.
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France used paper money and declared all taxes must be paid with it to gain acceptance. Paper money became more desired than coin.
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Abraham Lincoln passed the Legal Tender Act allowing the Government to issue paper money. The Federal Reserve System was then put in place in 1913.
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People use credit or debit cards and can shop online.
