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2500 BCE
How it started?
In the year 2,500 B.C. Gold and silver began to be used as a mean of exchange. -
650 BCE
The lion of Lydia
In 650 B.C. The lion of Lydia was created, which is the oldest official currency, which is preserved in Turkey. -
600 BCE
China's first official currency
In the year 600 B.C. The first official currency of China was invented, it was made of silver and gold. -
1200
Paper money
The emperor offered to keep people's coins, and he gave them a kind of document where they recorded how much gold they had saved to be able to collect it later, this was called paper money. -
Sep 15, 1254
Marco Polo
On 15th of September of 1254 the merchant Marco Polo was born -
1274
Marco Polo
In the 16th century, Marco Polo saw this paper and brought the idea to Italy. -
The first central bank
In 1609 the first central bank was created in Amsterdam, which was an organization that regulated the value of money. -
Mayer Amschel Rothschild
In February 23, 1744 was born Mayer Amschel Rothschild. -
The dollar
In 1782, when the United States, was creating the dollar, they based on the Spanish currency. -
The Federal Reserve
On December 25, 1913, the Federal Reserve was presented with the original ideas of the German banker Mayer Amschel Rothschild. -
In the world wars
In the first and second world wars, the dollar had more value, so each bill was backed up by gold. -
The financial future of the world
In 1944, the United States brought together 44 countries in Bretton Woods, in order to define the financial future of the world. -
The reserve
At the end of the world war, they had a greater amount of bills than gold stored, so it could no longer be backed up. -
Economic crisis
In 1965, France decided to take back its gold, so they exchanged their dollars for gold; then other countries did the same, which caused an economic crisis. -
The value
In 1971, United States decided that its currency would no longer be backed up by gold. -
Today
If the dollar were not the world currency, what would it be?
