when did human start using money ?

Answer 1

From what i read money began in Mesopotamia in the form of small pieces of leather marked by temple priests that could be redeemed for actual goods and services.

Answer 2

The use of proto-money may date back to at least 100,000 B.C.[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. Shell jewellery in the form of strung beads would have served as good with the basic attributes needed of early money. In cultures where metal working was unknown, shell or ivory jewellery were the most divisible, easily storable and transportable, scarce, and hard to counterfeit objects that could be made. It is highly unlikely that there were formal markets in 100,000 B.P (any more than there are in recently observed hunter-gatherer cultures). Nevertheless, proto-money would have been useful in reducing the costs of less frequent transactions that were crucial to hunter-gatherer cultures, especially bride purchase, splitting property upon death, tribute, and intertribal trade in hunting ground rights (“starvation insurance”) and implements. In the absence of a medium of exchange, all of these transactions suffer from the basic problem of barter — they require an improbable coincidence of wants or events. Jewellery has often been used for currency and wealth storage in some historical and contemporary societies, especially those in which modern forms of money are scarce, in addition to being used for decoration and display of status and wealth.

Answer 3

According to this handy historical timeline from PBS, paper money was introduced by the Chinese in 806 A.D. The reason? The country was going through a severe copper shortage.

The Chinese government abandoned paper money in 1455, and notes appeared in Europe and America for the first time in the mid-1600s. It was another hundred years before paper money became common. Since it wasn't inherently valuable, paper currency raised a fundamental question about money: What exactly was it worth?

One option was to make paper currency redeemable for something of value, like gold or silver. Another was for a bank to print money, and guarantee it. The first U.S. paper currency was printed in order to finance the Revolutionary War, but since "Continentals" weren't tied to the price of gold or silver, they proved useless. Loans from the French were responsible for most of the war funding.

It wasn't until 1816 with the introduction of the gold standard in England that paper currency was assigned a discrete value. The United States didn't sign on to the gold standard until 1900. (Greenbacks, printed in 1860 to fund the Civil War were based on credit and of dubious value.) President Nixon abandoned the gold standard in 1971, and we've been living in a "floating currency" world ever since.

Answer 4

Nobody really knows the answer to this one - conjecture is that originally people used a bartering system where one elephant, say equalled 50 antelopes. When this was identified as being inefficient, people probably used tokens - axes, clubs (things people could use) to trade for food.

(These people must have had really big pockets.)

The association of metals and stones with value was probably because other things deteriorated, Gold is valued because it doesn't rust (it keeps its value by staying the same weight - something like tin would first require working and then would lose weight as rust attacked the metal)

Hope this helps

Answer 5

As to when "invention" of Money started, probably when Food
scarcity was recognized and acknowledged, as Money is merely
some representation of Quid Pro Quo, wherein some practical
mode for the distribution of Scarce Food could be implemented.
Perhaps, extending this thoughtful question, it might be said
that with two animals fighting over a piece of game, the victor
might be said to be using "money" to exchange for the game,
when he allows the loser to escape with his life in *exchange*
(Quid Pro Quo) for leaving the game to him. That latter exchange,
might be also the definition of "Capitalism." (Of course, in
this example, it is presumed that the loser will find game later
on, or that loss of game will indeed mean the end of life for the loser.)

Answer 6

they start using money after they used gold and silver

Answer 7

I think you are asking about paper money.

The chinese of course.
they invented paper and obviously made currencies out of it.

Coins were used long back before the ancient kings reign.

Answer 8

...around 100 000 BC, accordingly to:
http://en.wikipedia.org/wiki/History_of_money
see also:
http://news.bbc.co.uk/2/hi/science/nature/5099104.stm
BUT it has little to do with "Astronomy & Space"...