The history of money
Money 💰 which is quite an important thing ,was started in 6000 BCE in the mesopotamian civilisation in the form of barter system (you give us meat we will give you weapons or like you give me blood I will give you freedom) and as society became complex the people needed something easy to Calculate and had the same value for everyone.The early form of coins were even stone, shell and beads but the modern metallic coins 🪙 were found around 600 BCE in Lydia (present day Turkey) they were made from the mixture of gold and silver and were stamped with various images and symbols to signify their value ,soon they became popular and were even adopted by other civilizations but there was a small problem that they were bulky so, around 618 CE the Chinese began to print paper money and even at some places ,people deposited their gold coins to trustworthy individuals and in return got a receipt (more like a cheque)which they could use to buy any item this led to the development of paper money and nowadays ,there is digital money , cryptocurrency and much more.
Fun fact
Paper money is nowadays not made of paper it's fibre and even at some place in the past they used to stich teared notes
@ first informational blog
Comments
Post a Comment