Money In The Making

By ImaniBlack17
  • 5000 BCE

    Early Money

    Early Money
    Metal objects was introduced an money.
  • 1200 BCE

    Cowrie Shells and Early Money

    Cowrie Shells and Early Money
    Cowrie shells became the first medium of money. Cowrie shells was most popular form of money for people of Africa.
  • 700 BCE

    Early Coins

    Early Coins
    The early coins were produced by Lydians, a group of people from Turkey. There coins made of lumps of gold and silver.
  • 622 BCE

    Early Paper Money

    Early Paper Money
    Paper currency was first used in China in the 7th century. It took Europeans 1,000 years to start using paper currency.

  • Wampum

    Wampum
    In Massachusetts Bay Colony declared wampum as legal tender.

  • First American Paper Money

    First American Paper Money
    American paper money was called the Continental.

  • President Jackson Issues Executive Order

    President Jackson Issues Executive Order
    By September 1833, government funds were being deposited into state charted banks.

  • Bank of England Established

    Bank of England Established
    First Central Bank established in the U.K. Served as a model for most modern central banks.

  • JP Morgan Chase Reports Record Profits

    JP Morgan Chase Reports Record Profits
    The bank made a record profit of $17.4 Billion in 2010.

  • Today Paper Money

    Today Paper Money
    Today current money has improved.