history of money

By jenny_lee
  • 100

    Barter

    Barter
    From 9000 BC to 6000 BC people used bartering. Bartering was the exchange of personal possessions of value for other goods that you want.
  • 500

    Silver

    Silver
    The silver coins were used as the earliest coins. They were imprinted with gods and emperors.
  • Sep 21, 1500

    Potlach

    Potlach
    Potlach is the exchange of gifts at banquets, dances, and various rituals.

  • Pine Tree Shilling

    Pine Tree Shilling
    It was created in Boston and is the first mint made in English America.

  • Sweden

    Paper money was first introduced to Sweden in 1661.

  • The Spanish Milled Dollar

    The Spanish Milled Dollar
    The Spanish milled dollar was the most popular coin in the American Colonies.

  • Eight Dollar Note

    Eight Dollar Note
    There is an interest rate on the lower left of this bill, so it is technically a bond or promissory note.

  • First National Bank

    First National Bank
    First Bank of the United States. It was to take away attention from the first bank that got shut down.

  • Mint Act

    Mint Act
    This established the coinage system in the United States.

  • Gold Standard

    England made gold a benchmark of value.

  • Greenbacks

    Greenbacks
    The Treasury Department was allowed to print and circulate paper money.

  • Silver Certificates

    Silver Certificates
    It is worth $5 of silver and in the late 1800's the U.S government started issuing these.

  • Stock Market Crash

    Stock Market Crash
    In 1929, the stock market crashed causing America to go into a recession.

  • Fiat Money

    Fiat Money
    Fiat money is not backed by anything and in 1967 US Congress agreed to stop redeeming silver certificates in silver dollars.

  • Money Laundering Act

    Money laundering has been criminalized in the United States since the Money Laundering Control Act of 1986

  • $20 bill

    $20 bill
    A new $20 bill was released with a lighter background shading in green and yellow with more intricate designs so it would be harder to make counterfeit.

  • Financial Crisis

    Financial Crisis
    Insurance company's faliures caused a financial crisis.

  • Ben Bernanke

    Ben Bernanke
    He is the chairman of the Federal Reserve and helped bail out the AIG crisis.

  • Occupy Wall Street

    Occupy Wall Street
    A protest movement in Zuccotti Park in NYC about economic inequality.
  • Period: to Sep 20, 1400

    Paper Money

    China used the first paper money. The amount of money increased greatly causing inflation.