what was first to invented the currency?

Question

whether there is available in any museiem ,when & where & who introduc first currency ,what is the material in that was use

Answer 1

History:
Early currency:
The origin of currency is the creation of a circulating medium of exchange based on a unit of account which quickly becomes a store of value. Currency evolved from two basic innovations: the use of counters to assure that shipments arrived with the same goods that were shipped, and later with the use of silver ingots to represent stored value in the form of grain. Both of these developments had occurred by 2000 BC. Originally money was a form of receipting grain stored in temple granaries in Egypt and ancient Mesopotamia.

This first stage of currency, where metals were used to represent stored value, and symbols to represent commodities, formed the basis of trade in the Fertile Crescent for over 1500 years. However, the collapse of the Near Eastern trading system pointed to a flaw: in an era where there was no place that was safe to store value, the value of a circulating medium could only be as sound as the forces that defended that store. Trade could only reach as far as the credibility of that military. By the late Bronze Age, however, a series of international treaties had established safe passage for merchants around the Eastern Mediterranean, spreading from Minoan Crete and Mycenae in the North West to Elam and Bahrein in the South East. Although it is not known what functioned as a currency to facilitate these exchanges, it is thought that ox-hide shaped ingots of copper, produced in Cyprus may have functioned as a currency.

It is thought that the increase in piracy and raiding associated with the Late Bronze Age general systems collapse, possibly produced by the Peoples of the Sea brought this trading system to an end. It was only with the recovery of Phoenician trade in the ninth and tenth centuries, that saw a return to prosperity, and the appearance of real coinage, possibly first in Anatolia with Croesus of Lydia and subsequently with the Greeks and Persians.

If u want more about please check the below site:

http://en.wikipedia.org/wiki/Currency

Answer 2

would you like to carry goods to a barter market everyday? Think about it this way: suppose that you had a lot of chickens and that's the only thing you had, and then suppose another person has only apples and that's the only thing they have and there's a third person who only has potatoes. Then suppose you want a potato but that person who is in possession of the potatoes will only accept apples in exchange. Then you gotta trade with the apple person, some chickens. But what if the apple person doesn't want your chickens. Well then you're sh!t out of luck. The good thing about currency is its implicit value. Technically, it has no intrinsic value. It's just paper after all. (Now gold has intrinsic value.) But that's ok because as a society we've all agreed to put some confidence and trust into the value of the notes (bill denominations) themselves! Everyone takes cash! YAY! You could do the same job with coins or gold or jewels and such but paper currency is more convenient! It's certainly lighter to carry.

Answer 3

Define currency--paper money in circulation

http://reference.aol.com/dictionary?dword=currency&book=dictionary&suggestwords=no&startindex=0&detail=yes

what is the material in that was use?
Paper


The Chinese make light Work of Payment: The Invention of Paper Money

Around 650 AD, the emperor of China began to issue paper "value tokens" for general use. As Marco Polo reported enthusiastically in 1275, "I tell you that people are glad to take these tokens, because wherever they go in the empire of the great Khan, they can use them to buy and sell as if they were pure gold".

Europeans had to wait until the 17th century when Sweden took the lead in issuing paper currency. Other countries gradually followed the Swedish example.

Source:
René Sedillot: Muscheln, Münzen und Papier

Answer 4

The name was Uggh. He gave 4 apples and an eagle claw to a female of his tribe for a quick roll in the hay.

Seriously:
The first written records of the use of money date from 1200BC, in the area of land now known as Southern Algeria, although then it was covered with water. Inscriptions in stones record that 'twelve shekels' were paid into the bank account belonging to Algar Hammurabi, in return for 'use of his daughter'. The Chinese were using reeds. One reed could be woven into an exquisite decorative coin, 2 inches in diameter.

Around 650 AD, the emperor of China began to issue paper "value tokens" for general use.

The Romans developed paper money around 1000AD. When Emperor Claudius ran out of money, he wrote IOU notes, promising that he would pay 100,000 lira (that's about 2 shillings) to his debtor. When Claudius fled to Spain around the time of Elija, he took the idea with him, and it was in Barcelona that the first true banknotes in the world were printed. To this day, Spanish notes carry the face of Claudius, who was known in those days as Miguel I.

Europeans had to wait until the 17th century when Sweden took the lead in issuing paper currency. Other countries gradually followed the Swedish example.

Answer 5

Coinage was probably invented independently in Lydia or in the Aegean Islands and in China before 700 B.C. You can find pictures of them.

Search: aegean turtle coin

Answer 6

It tells somewhere in the Old Testament. Maybe it tells how trading started, no. I read this in the Old Testament but cannot remember where it is. I am reading the Old Testament for the fifth time so hopefully I will find it again soon. I will try to let you know where the Bible tells about it. Keep smiling.

Answer 7

if I'm correct the chinese was the first ones to use currency, but at that time it was in the form of heavy bronze, silver, and gold coins, museums that talk about this...I'm not sure of

Answer 8

the first currency was seeds and gold

Answer 9

the first to introduce coins were lydians i believe,and paper money was introduced by the chinese =]

Answer 10

Sumerians... can't remember when though