The money

By Mara Madariaga
  • 7000 BCE

    Coins

    Coins
    The first invention on the progress of the money is the coins. The coins were invented in 7th century BC, it was invented by Lydians, in Lydia ( Turkey). Lydians coins were made from a mixture of gold and silver, and they were stamped with the badge of the king.
  • 1100

    Paper money

    Paper money
    The paper money was the second invention on the progress of the money. Paper money was invented in the 11th century, in Kuba Khan, China. It was invented by Mongolian emperor. In Europeans banknotes appeared in 1661 and were issued in stock, Sweden.

  • Cheque

    Cheque
    Then, comes the cheques, which was invented in 1708, in Italy, by the italians. The cheques are simply signed instructions to banks, to pay money directly from one account into another.

  • Cash registers

    Cash registers
    After this invention, comes the cash registers. The cash registers were invented in 1879, in the USA. It was invented by American-bar owner James Pitty. His objective was to stop dishonest employees from stealing money.

  • Credit cards

    Credit cards
    Finally comes the credit cards. This invention was invented in 1950, in the USA. It was invented by John Biggins. Credit cards enable people to buy things or services and pay for them later by means of cash or a cheque. John Biggins was born in 1910, and he was citizenship in the United States. John invented the credit card. The reason for the invention was to attract more loyal customers to his bank.