Paula 27 de marzo by vale ponsio16

Barter System (Prehistoric Times - 3000 BCE)

lopezvalentin426 — 2025-03-27 19:58:50 UTC

• People exchanged goods and services directly (e.g., wheat for livestock).

• Challenges: Inefficiency, lack of standard value, difficulty in storing wealth.

lopezvalentin426 — 2025-03-27 20:00:41 UTC

• Societies used valuable commodities like gold, silver, salt, or cowry shells as money.

• Advantages: Durability and widely accepted value.

lopezvalentin426 — 2025-03-27 20:03:54 UTC

• The Lydians (modern-day Turkey) introduced the first standardized metal coins around 600 BCE.

• Coins spread across civilizations (Greece, Rome, China).

lopezvalentin426 — 2025-03-27 20:07:29 UTC

• The Tang Dynasty (China) first used paper money in the 7th century.

• By the 17th century, European banks issued banknotes backed by gold reserves.

lopezvalentin426 — 2025-03-27 20:12:36 UTC

• The rise of banks led to the creation of checks as a written promise to pay.

• The first banks (Bank of England, 1694) facilitated financial transactions.

lopezvalentin426 — 2025-03-27 20:18:04 UTC

• Countries linked their currency value to a fixed quantity of gold.

• Collapsed after the Great Depression and World War II.

lopezvalentin426 — 2025-03-27 20:21:30 UTC

• Governments issued currency not backed by physical commodities but by trust and regulation.

• Examples: US Dollar, Euro, Yen.

lopezvalentin426 — 2025-03-27 20:23:10 UTC

• The first credit card (Diners Club, 1950) allowed cashless transactions.

• Debit cards followed, linked directly to bank accounts.

lopezvalentin426 — 2025-03-27 20:24:58 UTC

• Internet banking, PayPal (1998), and mobile wallets (Apple Pay, Google Pay) emerged.

• Faster and more convenient transactions worldwide.

lopezvalentin426 — 2025-03-27 20:26:46 UTC

• Bitcoin (2009) introduced decentralized digital money.

• Blockchain technology ensures security and transparency.

• The rise of other cryptocurrencies (Ethereum, Solana) and central bank digital currencies (CBDCs).