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2500 BCE
Ancient Egyptians were making metal rings which some historians think they used as money.
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1100 BCE
In China system of using miniature replicas of the objets to be traded were used instead of the objets themselves.
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Period: 700 BCE to 600 BCE
The first coins
The firs coins as we would recognise there, were made in Lydia of dics of electrum and stamped with pictures to show their value.
The first known gold coins was minted by the Lydian King Croesus -
Period: 600 BCE to 700 BCE
The first paper money was being used in China.
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Europeans coins were made with metal taken from their colonies overseas.
In the past anyone could change pound notefor a pound in weight of sterling silver, nowadays they are only representation of thouse metals. -
Canadian colonies began to use paper money
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If a pirate walked into your shop he might try to pay in pieces of eight.
Spanish eight real coin was often split up into bits to pay for things, leaving the bits as change. Bit was an English term for a small coin. -
Money today
Physical money is no longer directly linked to valuable items.
In the modern world many people used plastic cards for transfer money from their bank accouunt .
