Up until 1500 BC all money was cattle, lambs, goats or pigs – live money that was real life-support wealth, wealth you could actually eat.
Graduating from carrying cattle along for trading in 1500 BC, the Phoenicians invented metal money, which they first formed into iron half-rings that looked like a pair of bull’s horns. (Many today mistake them for bracelets.)
Soon the traders found that those in previously unvisited foreign countries had no memory of the cattle-on-board trading days and didn’t recognize the miniature iron bull horn.
If metal was being used for trading then there were other kinds of metal they preferred trading with people – silver, copper and gold were easy to judge by hefting and were more aesthetically pleasing than the forged iron bull horn symbols.
This soon brought metal coinage into the game of world trading with the first coin bearing the image of the sovereign of the homeland of the Phoenicians.
2007-03-22 09:08:58
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answer #1
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answered by Adriana R 1
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2014-10-23 04:31:27
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answer #2
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answered by Anonymous
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The general view is that was probably invented by the Chinese or the Aegean, but i would bet on the Chinese. The earliest coins were about 700BC according to some learned thinking. However, in terms of general use of currency the Romans probably did more to make its use popular in the Western world than any other culture.
2007-03-22 16:07:31
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answer #3
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answered by Anonymous
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I think you will find that a medium of exchange(which is what money is) existed in early Egyptian and Assyrian times As to who actually first invented it I don't know. Probably back in prehistoric times a system of barter existed whereby a n ancient would exchange perhaps some food for a weapon which is a predecessor to using money.
2007-03-22 16:05:00
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answer #4
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answered by Anonymous
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The first piece of metal to be considered a coin was invented in Lydia, Turkey, in 670 B.C. However, the idea of money took place long time ago. People traded a basket of berries with six ears of corn, a cow in exchange of ten chickens. However, what if the person with berries wanted wheat instead of corn? Eventually, it made sense to have something that always had the same value and was easy to carry. In addition, this gave result to what we use now - money.
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Go to http://www.ex.ac.uk/~RDavies/arian/origins.html
2007-03-22 16:07:11
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answer #5
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answered by Jairam K 3
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In vedic era india , 6000 BC gold " NISHKA" were used as money/coins.
These are small ornamental pieces.
these are earliest known coins.
2007-03-23 14:35:15
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answer #6
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answered by Girish Sharma,yahoo superstar 6
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Keith Chegwin i believe.
2007-03-22 22:52:59
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answer #7
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answered by Anonymous
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eygptians..only d rich held money. romans,greeks later.
2007-03-23 03:37:39
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answer #8
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answered by Jane Fairfax 2
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the greeks.
2007-03-22 16:02:06
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answer #9
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answered by steven e 7
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egyptians(alexander the great)
2007-03-22 16:04:53
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answer #10
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answered by jayelle jewel 2
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