-
Period: 9000 BCE to 6000 BCE
Livestock
Animals are considered the oldest form of currency. -
8000 BCE
Bartering
Early man exchanges resources and services for the benefit of each party -
3000 BCE
The Shecked
Grais is used as currency in Mesopotamia, using a shekal as measurement of weight. -
Period: 1000 BCE to 6000 BCE
Crude Metals Coins
Coins made from base metals first appear in China
. However the metals are non-precious make them dificult to use for more expensive puchases -
700 BCE
Precious metals coins
Gold and silver coins are first used in ancient Lydia (Turkey) and costal greek cities. The profiles of gods and emperors are stamped into the metals -
118 BCE
Leather money
Pieces of white deerskin are used. Thhis could be considered the first documented type of banknote. -
806
Paper Money
First appear in China, this is followed by centuries of figuring out the balance production and inflation. -
1200
Shell Money
Shell money is first used in China. -
Gold
Gold is officialy the standard of value in England. -
Gold - Backed U.S. Dollar
Is created in the U.S., establishing a central bank as well as Gold - Backed federal reserve notes. -
Charge Cards
Departament stores hotel chains, and service stations start providing charge cards to costumers with cars so they don't have a travel to their hometown bank to get cash. -
Credit Cards
Diners club releases its first card. It's made of cardboard.