The first actual coins were minted in Lydia about 500 B.C. The first paper money was in China about 960 A.D.
2006-10-25 18:29:38
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answer #1
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answered by Kuji 7
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Who Invented Money
2016-10-08 11:31:50
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answer #2
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answered by ? 4
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Who Invented Currency
2016-12-12 17:59:35
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answer #3
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answered by ? 4
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Depends on how you define money.
"The use of proto-money may date back to at least 100,000 B.P [1]. Trading in red ochre is attested in Swaziland, from about that date, and ochre seems to have functioned as a proto-money in Aboriginal Australia."
"From 550 BC, accepting salt from a person was synonymous with receiving a salary, taking pay, or being in that person's service. Definite indications are available that both black and white pepper have been used as commodity money for hundreds of years before Christ, and several centuries thereafter. Being a valuable commodity, pepper has naturally been used as payment."
"It was the discovery of the touchstone which led the way for metal-based commodity money and coinage. Any soft metal can be tested for purity on a touchstone, allowing one to quickly calculate the total content of a particular metal in a lump. Gold is a soft metal, which is also hard to come by, dense, and storable. As a result, monetary gold spread very quickly from Asia Minor, where it first gained wide usage, to the entire world."
2006-10-25 19:22:30
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answer #4
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answered by Mike J 5
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Modern bank notes were invented by,
the illuminati banking system ,it is paper that only becomes money if people believe in it ,in fact it is a promise of paying a debt like an iou,
and because of this invention the banks are able to lend money that they have not got ,only a piece of paper that says that they promise to pay you.
it is in reality one of the biggest rip offs ever invented,and allow the bankers, to become richer and richer,because of the gullability of the ignorent masses,
when we were dealing with gold and silver coins at least we were dealing with something more valuable than blind faith in the promises of the manipulators who control us.
as far as money through the ages is concerned ,that has had many faces ,from salt,cacao beans,feathers ,(central American civilizations) weighed gold and silver and bronze,(almost everybody)deeds to property,beads ,precious stones,just about anything that was valuable to the people at the time
and the concept of payment for service ,goods ,or passage ,what ever-- has existed since the beginning of humanity,
Cave men paid the women who painted the bottom of their feet red (to show that they were available for funtime)
something,maybe beads
2006-10-25 18:38:48
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answer #5
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answered by Anonymous
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The idea of money dates back as far as 100,000 years ago, where shells would be traded as money. There is a long history of goods and services being traded. Then metals such as gold and silver were traded in nuggets or powder form.
as far as coins, the Lydians began coining gold and siver around 560 B.C. Banks would give paper reciepts to their depositors, these reciepts could be traded for whatever amount of coinage that the bank held. Soon, these 'reciepts' started to be traded as money, instead of simply between the bank and customers. thus, the paper money was born
2006-10-25 18:36:55
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answer #6
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answered by Anonymous
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this was done so long ago that we don't know exactly where it came from. people used to trade instead of using money, and it still does take place in some parts of the world. money in the form of coins dates back to BC...
most money is completely propaganda...
2006-10-25 18:28:12
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answer #7
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answered by christy 6
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lol all these peeps trying to give all these deep Answers. don't get me wrong they are good answers. but. it's easy the cave man was the first to come up with a type of currency they would trade diff types of rocks for things
2006-10-25 19:20:38
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answer #8
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answered by ryan s 5
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Someone who did not like trading two Sheep for one Camel.
Because they started to bicker over whether a two humper or a one humper was more valuable.
2006-10-25 18:32:57
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answer #9
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answered by Anonymous
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I dont know all a yall just lazy yuh idiots
2014-01-11 06:05:49
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answer #10
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answered by Kiana Skyers 1
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