-
2500 BCE
4,000 to 2,600 years ago
Around, 2500 BC Ancient Egyptians were making metal rings which some historians think they used as money. -
1100 BCE
China
In China, rather than exchanging objects like tools and weapons, a system of using miniature replicas of the objects to be traded were used instead of the objects themselves. -
Period: 700 BCE to 600 BCE
The first coin
In Lydia (Western Turkey). They were discs of electrum (a natural mox of silver and gold). It had pictures on them. It was minted by the Lydian king Croesus. -
400 to 200 years ago
Europeans were using more and more metal coins, made with metals taken from their colonies. -
Canada
Canadian colonies began to use paper money too and this innovation led to a huge increase in international trade -
Pieces of eight
A pirate walked into your shop he might try to pay in pieces of eight.
A Spanish eight real coin was often split up into bits to pay for things. -
Period: to
Money today
In the modern world many people use plastic cards called debit cards to pay for things. The cards transfer money from their bank account to the shop´s bank account.
People also use money they don´t even have yet by paying with credits cards. They then pay the money back later.