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6000 BCE
Livestock
People would trade cattle and other livestock as currency -
May 28, 806
The use of Paper Currency
The first use of paper currency was in China, and since it worked so well it started to go around worldwide -
Mar 17, 1100
When Tallies were used
the English monarchy introduced an early version of the bill of exchange in the form of a notched piece of wood known as a tally stick. -
Mar 29, 1505
Native American Money
Potlach was used by the Native Americans throughout Northern America. -
This is when the first currency was made
Before this they had been using Spanish, French, and English currency. Then the Massachussetts Bay Colony issued the colonial notes which was the nation's first paper money. -
This is when they used Contintional Currency
The Contintional Currency was used for the Revolutionary War, it was not very strong, so it lost a lot of value. -
The First Dollar
This was adopted by congress as the first actual money unit in the United States -
The Monetary System
As the mint was established, the federal monetary sytem was etablished. -
End of Gold
Due to the depression, the value of Gold decreased drastically, and was not valued any longer -
First use of the Credit Card
In the early 1950's the credit card was introduced world wide -
Todays Currency
Today the world is currently using paper money, coins, and debit/credit cards for purchases and transactions -
The use of Bitcoin
The world changes over to Bitcoin to make trading, and receieving money a whole lot easier