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Where did money come from?
Money. Everybody needs it. We can’t live without it. But where did it come from? How did people first start using money?
A long time ago there was no such thing as moneypeople used to barter, or exchange things, when they wanted things.
For example, a farmer might exchange some corn or animals for clothe but it wasn’t a very good system.
Corn doesn’t last long, andanimas die and they are also difficult to carry and it was impossible to have a fixed prince, so people invented money.
Most banknotes only last for 18 months before they are replaced.
At firstpeople didn’t use money such as coins or banknotes. In china in about 1200 B.C., they started using things like Cowrie shells or metal tools as currency.
In other pasts of the world they used otherobjects.
The first coins appeared during the seventh century B.C. in western Turkey at the same time that the first stores appeared.
Within the next 30 years, the use of gold and silver coins spreadall across eastern Europe and many parts off Asia.
By 630 B.C., governments made coins from cheaper metals, not gold or silver.
The American $ symbol comes from the old Spanish dollar or pesoAbout a thousand years later in china, people started to put their money in banks to keep in safe.
The banks gave them a receipt as a promise written on paper to play back the money people started touse these instead of money.
The first printed banknotes, which were supposed to have the same value as coins, appeared in Sweden in 1661.
But this system didn´t work well initially because thebanks didn’t have enough coins to cover the banknotes.
But by the 1690s, the idea of paper money started to take hold and has started to take hold and has started to take hold and has stayed with useever since.
However, for money to have value, everybody needs to agree it has value.
Roman emperor Nero added other metals to his gold and silver coins so he could keep more for himself, but...