history of money (1)
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The History of Money
February 2016
by: Rini Heriwati
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Why do we have money?
Convenience
It is often easier to use moneythan barter/ trade.
Would you prefer to receive fish or
eggs instead of cash for the servicesyou provide to your employer
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BARTER Barter is the exchange of resources or services
for mutual advantages, and the practice likely
dates back tens of thousands of years, perhaps
even to the dawn of modern humans.
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!000 " 6000 #C$% C&''($
Cattle, which throughout history and across
the globe have included not only cows but
also sheep, camels, and other livestock, arethe first and oldest form of money.
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1200 #.C.% C)W*I$ +,$((+
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1000 #.C.% FI*+' -$'&( -)$
& C)I+ Bronze and copper cowrie imitations were
manufactured by China at the end of the Stone ge
and could be considered some of the earliest forms
of metal coins.
Chinese coins were made out of base metals, oftencontaining holes so they could be put together like a
chain..
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00 #.C.% -)$* C)I&$
!arly coins first appeared in "ydia, which is
part of present#day $urkey, but the techni%ues
were %uickly copied and further refined by the&reek, 'ersian, (acedonian, and later the
)oman empires.
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Roman Coins
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3&3$* C4**$C
$he first known paper banknotes appeared in
China. *n all, China experienced over +
years of early paper money, spanning fromthe ninth through the fifteenth century.
See the video.
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What is money?
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Features of Money
& medium of e5change
& unit of account
& store of value
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Best Forms of Money
old and +ilver Coins
#ars
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Thank you!