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100
Asian cutlery
Arround 1,100 B.C, as a way of exchange, China went from exchanging weapons and tools to using smaller bronze replicas of the tools. -
Period: 100 to
History of currency
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Jan 1, 600
First coin ever minted
From 610 to 600 B.C, lydyan king created the Lydyan Lion, which was an alloy of gold and silver. -
Jan 1, 618
The first paper currency
Paper currency first developed in China Tang Dynasty, during the 7th century and called "Song". (618-907) -
Jan 1, 1120
The first govenment-issued paper money
Earlier, "Song" authorities awarded some shops a monopoly on the issuing of these certificates of deposit, and in the 1120s, government took over the system and produced the world’s first government-issued paper money. -
Europe started to use paper currency
In the 16th century, europe started to use paper currency instead of using coins. -
Potin
Silver coin used by romans, greek, and celtics in the 19th century. One of the first currencys -
Dollar bill
The dollar was introduced in America as papernotes on the economic sustem in order to help financing the Civil War -
Bretton Woods Systmem
System which controlled commercial and financila exchanges between independent-nartion states, hbeing United States, Western Europe, Australia, Japan, and Canada. Each country had to adopt a common monetary policy that kept the exchange rate the same, using gold as the currency. -
Credite cards
In 1951, the first bank credit card appeared in New York's Franklin National Bank for loan customers. -
End Bretton Woods System
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European "currency snake"
Countries in European Economic Community maintain stable exchange rates by preventing exchange rate fluctuations more than 2.25% -
Birth of European Monetary System
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Mobile payment
In 21st century, mobile payment rendered money to a product or service through a portable electronic device such as a cell phone, smartphone or PDA. -
Euro
Physical euro coins and banknotes entered circulation, and became the official currency of the EU countries. -
Bitcoin invented- virtual currency
In 2009, Bitcoin invented and became the gold standard for virtual currencies.
