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3000 BCE
Invention of money
Is hard to pinpoint the exact moment that the concept of money was invented.Before the money, they exchange objects such as animal skins and food. -
Period: 2500 BCE to 600 BCE
Making metals
Ancient Egyptians were making metal rings around 2500BC and they use as money.
By 1100BC in China, were used a miniature replicas of the objects instead of the real objects.
Between 700 and 600BC the first coins were madein Turkey. To show their value they had stamped whit pictures of owls or snakes.
At the same time in China they used paper money. -
Period: to
Revolution of money
They use metal precious to do the coins. Now coins and notes are only a symnolic representation of these precious metals and can no longer be exchanged for them. In Canadian Colonies began to use paper money too.
In the English colonies of the west Indies half a real was four bits and a quarter was two bits -
Money today
Because physical money is no longer directly linked to valuable items.
Many people use plastic cards called debit cardsto pay for things. Also they use credit cards.
Economic booms and crises happen when confidence in money increases or decreases.
