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1200 BCE
Cowry Shells
Cowry shells were invented in 1200 BC in China by chinese people
Cowry shells were first used as money -
Period: 601 BCE to 700 BCE
Coins
Coins were invented in 7th century BC in Lydia by lydian people
Lydian coins were made from a mixture of gold and silver -
Period: 1001 to 1100
Paper money
Paper money was invented in the 11th century in China by the Mongolian Emperor, Kubla Khan
European banknotes appeared in 1661 and were issued in Stockholm, Sweden -
Cheques
Cheques were invented in 1659 in the United Kingdom by the british bankers Clayton and Morris
Cheques are simply signed instructions to banks to pay money directly from one account into another -
Cash Registers
Cash registers were invented in 1879 in America by the American saloon-bar owner James Ritty
His objective was to stop dishonest employees from stealing money -
Credit Cards
Credit cards were invented in 1950 in New York by the Diner's Club
The Credit Cards enable people to buy things and pay for them later by means of cash or cheque -
Digital Money
Digital money was invented in 1995 in U.S.A and it was invented by American people
Digital Money will probably be the money of the future