Imagine this: a robber goes into a bank and demand some money. They give him a shell, four goats, six tomatoes and eleven chickens. Before the invention of coins and paper currency, people used such things for buying and selling. This exchange of goods and sevices for other goods and sevices is called berter.
Around 9000 BC people paid for goods with animals like cows, sheep and camels. Some societies used vegetable and plants, too. Then in 1200 BC people in China started using shells aas money-mainly the cowrie shell. Soon other counties began to do the same. The cowrie shell was very successful. It was used longer and in more Places than any other currency in history.
China started making bronze and copper cowrie shells. It wasn't long before the Chinese made round coins out of metal. The very first coins often had holes in them so that people could pass a piece of string through them to keep them together. By 500 BC metal coins had begun to appear in countries like Persia and Greece, and later in the Roman Empire. These were usually lumps of silver with the heads of various gods and emperors stamed on them to show they were real.
A few hundred years later leather was uaed as money in China, and in 806 AD the first paper banknotes were produced by the Chinese. It was still many years before paper currency appeared in Europe. Three centuries passed before before it was used in all European countries
Imagine this: a robber goes into a bank and demand some money. They give him a shell, four goats, six tomatoes and eleven chickens. Before the invention of coins and paper currency, people used such things for buying and selling. This exchange of goods and sevices for other goods and sevices is called berter.
Around 9000 BC people paid for goods with animals like cows, sheep and camels. Some societies used vegetable and plants, too. Then in 1200 BC people in China started using shells aas money-mainly the cowrie shell. Soon other counties began to do the same. The cowrie shell was very successful. It was used longer and in more Places than any other currency in history.
China started making bronze and copper cowrie shells. It wasn't long before the Chinese made round coins out of metal. The very first coins often had holes in them so that people could pass a piece of string through them to keep them together. By 500 BC metal coins had begun to appear in countries like Persia and Greece, and later in the Roman Empire. These were usually lumps of silver with the heads of various gods and emperors stamed on them to show they were real.
A few hundred years later leather was uaed as money in China, and in 806 AD the first paper banknotes were produced by the Chinese. It was still many years before paper currency appeared in Europe. Three centuries passed before before it was used in all European countries
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