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100
Bartering
Bartering means trading. A long time ago, they used to swap stuff. But if it wasn't a good trade, they would not do it. It started in 9000 BC -
150
Cowrie Shells
Then they began using Cowrie shells as money, in China. India and Africa also used Cowrie Shells as money. With the shells, you could buy whatever you wanted. It cost a lot of shells for something more expensive. The west did not know about this, they used gold as their coins. It started in 1000 BC -
200
Gold bars and gold coins
In the west they used too much gold for money. It was too heavy and too hard to find. So they made small coins out of gold so it was lighter and less expensive. -
Paper Notes (Bank Notes)
The gold was too hard to find so they made bank notes made out of paper. But they put it a color and lots of details so it's hard to copy and they made it out of a slightly different material so you can't just print it yourself and get rich. There were different types of paper money with different names. For example, in India they called it a Rupee and in the UAE they called ita dirham. -
Period: to
The Story of Money
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Credit Cards
A credit card is made out of plastic and it's meant for not carrying money to a store, but carrying one little card. When you buy something you have to pay that bill later. It's like a promise that you are going to pay later. If you don't pay, they charge you extra money. The extra money is called interest. -
bitcoins
It’s a special kind of money that could not exist without the Internet. People can’t carry it around in their pockets or keep it in a bank. It's only online. They are starting to make it slowly by slowly in the future.
