the history of money

By naiaarroyo
  • 2500 BCE

    ancient egypcians

    they were making metal rings which some historians think they used as money.
  • 1685 BCE

    canadians

    they began to use paper money too and this innovation led to a huge increase in international trade
  • 1600 BCE

    europeans

    europeans were using more and more metal coins, made with metal taken from their colonies overseas.
  • 1100 BCE

    in china

    rather than exchanging objects like tools and weapons, a system of using miniature replicals of the object to be trated were used instead of the objects themselves
  • Period: 700 BCE to 600 BCE

    first coin

    the coins were made in lydia. It was discovered by the Lydian king Croesus.
  • Period: 700 BCE to 600 BCE

    in china

    the first paper money was being used

  • spanish

    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.

  • english

    For example, the threepenny was only scrapped in that year. In the english colonies of the west indies half a reap was four bits and a quarter was two bits, a phrase used by people in the USA today.