6
By Shawn burrows By Shawn burrows

History of money

Embed Size (px)

Citation preview

By Shawn burrows By Shawn burrows

The first form of money came around 2000 The first form of money came around 2000 years ago in the middle east and in Asia. years ago in the middle east and in Asia. They used rear and valuable objects such They used rear and valuable objects such as shells, gold, silver, and rear sorts of as shells, gold, silver, and rear sorts of food. This was much like bartering which food. This was much like bartering which had been the only way to trade before had been the only way to trade before hand.hand.

The first modern form of money were coins. The first modern form of money were coins. Instead of the value being printed on the Instead of the value being printed on the coins, they were weighed for their value.coins, they were weighed for their value.

Money that we used today has not changed Money that we used today has not changed much from the first coins. The biggest much from the first coins. The biggest change would be credit cards how they change would be credit cards how they have replaced money. Now you don’t need have replaced money. Now you don’t need to carry large amounts of cash to to carry large amounts of cash to purchasepurchase some thing.some thing.

Due to technological advances in recent Due to technological advances in recent years, traditional money will almost be years, traditional money will almost be replaced by cards. The down side to this is replaced by cards. The down side to this is that, the convenience of spending large that, the convenience of spending large amounts of money using your credit cards amounts of money using your credit cards could eventually get you into dept. could eventually get you into dept.

moneymoney