Osnovna kola Bartola

Kaia
Vinkovci
Erasmus+ project 2016-
2018
Young Enterprising
Europeans

The History of Money

October 2016
 Functions of money
Medium of exchange:
Money can be used for
buying and selling goods or
services

Unit of account: money is

the common standard for
measuring relative worth of
goods and services

Store of value: moneys

value can be retained over
time. It is a convenient way
to store wealth.
DEVELOPMENT OF MONEY
- direct trade of goods and services (battering)
- commodity money (livestock, shells, glass beads, etc.)
- coins
- paper money
- commercial bank money:
- cheque
- credit cards
- bitcoin
 Barter
- a direct trade of goods and services, it
depends on
coincidence of wants
- bartering was first recorded in ancient
Egypt
 The first money
Primitive societies used as money:
- cattle
- wheat
- fur
- glass beads
- cowry shells
- bones
- feathers
- precious stones
the
Coins first coin was made by the Lydian

King Croesus in 561 BC. It

represented a roaring
lion
Lydians were followed by Greek cities
in Asia Minor and by Athens and
Sparta
Banknotes
First paper money was used by the
Chinese
during the Sung Dynasty
In Europe paper money appeared as
credit
claim on gold
The first paper money in Europe was
issued in
1666 in Stockholm by the bank of
Sweden
Paper money has been more commonly
used
 Credit cards
- Can be used to buy goods, pay for services
or
withdraw cash
- issued by banks or some credit card
institutions
- can be used in almost all countries
- Diners Club, American Express,
Eurocard, Visa, MasterCard, etc.
 BITCOIN
Bitcoin is a cryptocurrency and a payment
system invented by an unindenntified
programmer or group of programmers in 2008
nad introduced in January 2009.
It is created and held electronically.
No one controls it.
Bitcoins are not printed.
Bitcoins are recognized as decentralized virtual
currency.
 Money in Croatia
Marten fur was used as comodity currency.
Croats started using money in the 9th century
They used Greek, Roman and Byzantine
money till the end of the 11th century and
Venetian money from the 12th century.
 COINS IN CROATIA

The first coins were made in Zagreb in 1200

Croatian frizatik (Andrija knez Hrvatske)
banski denar (banovac)
 PAPER MONEY IN CROATIA
The first paper money
(asignat) on the island of
Pag in 1778
dinar - money in
Kingdom of Serbs, Croats
and Slovenes, in
Kingdfom of Yugoslavia
(1918- 1945)
Independent State of
Croatia (1941-1945):
1 kuna = 100 banica
 Croatian DINAR
- introduced on 23 Decrember 1991. It was
a
transitional currency introduced following
Croatias declaration of independence
- The obverse of allbanknotes was the
same
- there were no coins
Croatian
scientist
Ruer
Bokovi
Croatian KUNA
From 30 May 1994
kuna is subdivided into 100 lipa
The dinar was replaced by thekuna
at a rate of 1 kuna = 1000 dinar
5 kuna banknote removed from
circulation
25 kuna coin (rarely in circulation)
 Sources
https://hr.wikipedia.org/wiki/Bitcoin
http://
www.enciklopedija.hr/Natuknica.aspx?ID=441
91#start
https://hr.wikipedia.org/wiki/Kreditna_kartica
http://
old.hnb.hr/novcan/povijest/h-nastavak-1.htm
Kolar-Dimitrijevi, M. (2013). Povijest novca u
Hrvatskoj od 1527. do 1941. godine, Zagreb:
Intergrafika - TI d.o.o.