Tuesday, August 4, 2020

The history of money

The History of Money

Task: Complete the timeline below describing the early history of money

9000 BC: animals like cattle, sheep, and camels were used when bartering.

1200 BC: In places like China, Africa, the Pacific, and Indian oceans cowrie shells were used for bartering. beads or sharks' teeth or animal skins.

1000 BC: Chinese people were the first to use metal money (copper and bronze).
Also used tool money like spades, knives, and hoes.

500 BC: In Lydia, Turkey coins were made of a mix of gold and silver. They were also stamped on the back.

806 AD: Made from paper because of the loss of supplies in China. Used for 5 centuries but banned because it rose out of control.

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