HISTORY OF MONEY💸

TABLE OF CONTENT
■ TITLE
■ INTRODUCTION
■ MONEY
■ BARTER
■ MONEY COIN
■ FIRST PAPER MONEY
■ BILLS OF EXCHANGE
■ CURRENCY WARS
■ DISCUSSION
 INTRODUCTION
■ Before money was invented, people bartered for
goods and services. It wasn’t until about 5,000
years ago that the Mesopotamian people created
the shekel, which is considered the first known form
of currency. Gold and Silver coins date back to
around 650 to 600 B.C when stamped coins were
used to pay armies. Some evidence suggest that
metal coins may be as old as 1250 B.C.
 MONEY
■ Money is a good that acts as a medium of exchange in
transactions. It is a way for a person to trade what he
has for what he wants.
 BARTER
■ It is a way of exchanging good and services.
■ In 9000BC people would barter goods they had in
surplus for once they lacked.
 MONEY COIN
■ The First metal money dates back 1000 B.C. China.
These coins were made stamped pieces of valuable
metal such as bronze and copper.
■ Early iterations of coins were also used by ancient
Greeks, starting around 650 B.C.
 FIRST PAPER MONEY
■ While the first paper money was created in China in 700 to 800 A.D.,
it would be a long time before paper currency was commonly used.
According to Brittanica.com, the first country to use paper money
was China, but it was used until about 1455. The lighter weight of
paper money allowed for international trade, which created both
problem-distrust and currency wars and opportunities the ability to
trade in new places for new goods.
 BILLS OF EXCHANGE
■ Eventually, bills of exchange become a common
part of the world economy. A bill of exchange is
essentially a written order that one person or group
will pay a specified amount of money on demand. A
bill of exchange can be used to settle an account in
international trade, which was one of the early uses
of this order.
 CURRENCY WARS
■ The creation of paper money would eventually lead to
currency wars which occur when leaders of different nation
attempt to devalue their own currency. In turn, this
increases demand and helps stimulate their economy. While
this still occurs in today’s foreign exchange market, the
signature of a currency war is the fact that several nations
are involved in the devaluing of other nations currencies.
However, currency wars can have negative consequences
for the countries involved, Including currency volatility.
DISCUSSION
■ Money is one of the most important parts of
human history, leading to some of the biggest and
most vital moments for many nation.
■ The invention of currency allowed people to trade
goods and services without having to barter to find
appropriate price.
■ Since money was first Invented, its had an immense
impact on how trade is done throughout the world
and how we live today.
THANKYOU AND
GODBLESS……….