History of money

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History of money

  1. 1. History Of Money By Charlotte Worthington
  2. 2. Barter and Commodities <ul><li>Bartering and commodities were the first way of exchange. Bartering was an exchange of goods or services. </li></ul><ul><li>Commodities was the basic term of money and things like tea, tobacco, salt, cattle and seeds were used for the exchange. </li></ul>
  3. 3. Shells <ul><li>In 1200B.C China cowry shells were used as the form of money. </li></ul>
  4. 4. The First Metal Money <ul><li>In China around 1000B.C. people handed in metal tools like knives and spade to make metal circles and they used that as money. </li></ul><ul><li>The money had holes in the middle so that they could be put on a chain and be carried around the neck. </li></ul>
  5. 5. Silver <ul><li>This was used in 500B.C. in Turkey. They were imprinted with the faces of emperors and gods to show the value. </li></ul><ul><li>Other metals started being used such as bronze and gold. </li></ul>
  6. 6. Leather <ul><li>In China during 118B.C. leather was used as banknotes. </li></ul><ul><li>They were made form deerskin. </li></ul>
  7. 7. Noses <ul><li>“To pay through the nose” is a common saying used. It originally came from when the Danes cut off the noses of the people who wouldn’t pay their tax. </li></ul><ul><li>This happened during the ninth century. </li></ul>
  8. 8. Paper Money <ul><li>China was the first country to have paper money during the timeline of ninth century to the fifteenth century. </li></ul><ul><li>In 1455 the money disappeared from China and Europeans still didn’t have knowledge of paper money. </li></ul>
  9. 9. Gold <ul><li>In 1816 England decided that the value of the gold related to how much it weighed (in ounces). This stopped inflation of the currency. </li></ul><ul><li>In 1900 the U.S. joined onto the idea. </li></ul>
  10. 10. Today <ul><li>Money had changed over the years and today we have coins and paper notes. Countries like England and the U.S. have started changing the appearance of some notes. </li></ul><ul><li>Value has also started to change. </li></ul><ul><li>Past Present </li></ul>
  11. 11. Tomorrow <ul><li>In the future I think that coins and notes will be taken over by cards or even better microchips in jewelry that can just be scanned. </li></ul>

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