Money by JOSEPH COLE https://padlet.com/374820/803zuhrtig9u0fn8 The history of Money en-us 2022-06-10 15:36:50 UTC 2022-06-16 14:07:32 UTC hello@padlet.com About 5000 years ago the Mesopotamian people created a "Shekel" 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223090533 2022-06-16 13:53:23 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223090533 Before money was invented people only used to barter for goods 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223090910 2022-06-16 13:53:49 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223090910 Around 650 to 600 BC is how far silver and gold coins date back to when they used to pay armies using stamped coins 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223091796 2022-06-16 13:54:42 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223091796 In around 800 BC Charlemagne issued the silver penny to Western Europe which was in effect 794-1200 AD 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223093412 2022-06-16 13:56:32 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223093412 China created the first paper money in the 15th century but wasn't used so production was stopped 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223094485 2022-06-16 13:57:37 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223094485 Bills of Exchange which are a written order that one group or person will pay a specified amount of money on demand 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223095762 2022-06-16 13:58:56 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223095762 Eventually there was a currency war were other countries were trying to devalue their own currency 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223096596 2022-06-16 13:59:50 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223096596 Around the 19th century, banks had become respectable organizations within communities and learned the concept of fractional reserve banking. 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223097316 2022-06-16 14:00:39 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223097316 In 1816, gold was made the standard of value in England and eventually made its way to America but ended up not being used around the 1930s because of the devaluation of gold and the Great Depression 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223099184 2022-06-16 14:02:13 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223099184 Then came the modern day paper bills as in $1, $2, $5, $10, $20, $50, $100 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223100100 2022-06-16 14:03:08 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223100100 Credit Cards were invented around 1920 and have stayed in use to this day 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223100474 2022-06-16 14:03:34 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223100474 In the 1990s, digital currency tried and failed to succeed but now with technology in the 2000s digital currency has taken off such as Bitcoin, Dogecoin, and NFT'S. 374820 https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223101691 2022-06-16 14:05:01 UTC https://padlet.com/374820/803zuhrtig9u0fn8/wish/2223101691