The history of money

By iraidemartinez
  • 2500 BCE

    Antient Egyptians

    Around 2500 BC Ancient Egyptians were making metal rings which some historians think they used as money.
  • 1100 BCE

    The tools used in China

    By 1100 BC in China, rather than exchanging objects like tools and weapons, a system of using miniature replicas of the objects to be traded wereused instead of the objects themselves.
  • 600 BCE

    Lydia (Now western Turkey)

    In Lydia between 700 and 600 BC the first coins, as well would recognise them, were made.

  • Europeans using metals

    By 1600 AD Europeand were using more and more metal coins, made with metal taken from their colonies overseas.

  • Canadian Colonies

    In 1685 Canadian Colonies began to use paper money too and this innovation led to a huge increase in international trade

  • 1700 Pirat

    If in the 1700s a pirate walked into your shop he might try to pay in pieces of eight. A Spanish eight real coins was often split up into bits to pay for things, leaving the bits as change. 'Bit' was an English term for a small coin and was still used until very recently. For example, the threepenny was only screapped in 1971.