The emergence of paper money used widely today.
At first, people used goods to exchange for the things that they had in mind. However, it does clearly illustrate the inefficiency of barter trading .
Next, people used beads, shells and fishing hooks instead of money.
Afterwards, a region near Turkey used gold coins was as money with a different denomination.
Later, King Gyges standardized the individual coin value and even printed his name on the coins.
Next, the thought of carrying a ponderous pouch of coins for shopping appeared not only troublesome but thieves attracting.
Later, merchants started to issue checks with names of the users on them to discourage robbery.
Following that, banks started to issue cash notes in return for gold deposited with them.
Finally, governments of today adopted the idea and began to print paper money, backed by gold for the country's use.