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2500 BCE
Egyptians were making the first metal rings, which they used as money.
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1100 BCE
In china, rather than exchanging objects, tools or weapons, a system of using miniature replicas of their objects to be traded were used instead of the objects themselves.
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750 BCE
In Lydia the first coins, as we would recognise them, were made.
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750 BCE
The first coins were made of dics of electrum (a natural mix of silver and gold) and stamped with pictures to show their value.
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750 BCE
The first known gold coin was minted by the Lydian king Croesus.
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650 BCE
First paper money, in China
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Europeans were using more and more metal coins, taken from their colonies.
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Canadian colonies began to use paper money too and this innovation led to a huge increase in international trade.
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A pirate walked into your shop he might try to pay in pieces of eight. A Spanish eight real coin was often split up into Pieces of eight too.
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A Spanish eight real coin was often split up into bits to pay for things, leaving the bits as change.
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Bits, was an English term for small coin and was still used until very recently.
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The threepenny was only scrapped.ñ
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In the modern world many people use plastic cards called debit cards to pay for things. The cards transfer money from their bank account to the shops bank account.
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People use money they dont even have yet by paying with credit cards. They then pay the money back later.
