The History of Money
9000 BC: money was animals like cattle, sheep and camels. grain and vegetables became very important and so did beads or sharks' teeth or animal skins.
1200 BC: The pacific, Indian oceans, china and parts of Africa used cowrie shells.
1000 BC:china was the first country to discover and use metal money, china also made imitations of cowrie using copper and bronze. They also used “tool” money like knives, spades and hoes. The metal tool money soon develop into disc which were the first coin.
500 BC: Lydia made coins out of silver and gold, and stamped the back of it so everyone would know it wasn’t fake. The coins were all different shapes. The use of the precious metal showed it had value
806 AD: due to copper shortages, china developed paper money. Paper money was on and off for 5 centuries but after stopped when inflation went uncontrollable.
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