Ancient Beginnings (3000 BC – 500 AD)
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🪙 The Use of Commodity Money (3000 BC)
Event Description Origin of Money Early civilizations used items like grains, shells, and livestock as a medium of exchange. -
🏺 The Invention of Metal Coins (600 BC)
Event Description First Coins The first standardized coins were created in Lydia, establishing a system of currency. -
📜 Introduction of Paper Money (7th Century)
Event Description China’s Innovation China introduces paper money during the Tang Dynasty, revolutionizing trade.
Middle Ages to the Renaissance (500 – 1600)
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⚔️ Feudal Money Systems (9th Century)
Event Description Barter Systems During feudalism, barter systems predominated due to limited currency availability. -
🏛️ The Medici Bank (14th Century)
Event Description Banking Innovation Establishment of one of the first modern banks, facilitating loans and currency exchange.
Modern Currency Evolution (1600 – 21st Century)
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💵 The Gold Standard (19th Century)
Event Description Gold Standard Adoption Countries linked their currencies to gold, establishing fixed exchange rates. -
💳 Credit Cards Revolution (1950s)
Event Description Introduction of Credit Cards Revolutionized purchasing by allowing consumers to borrow funds for transactions. -
🌐 The Rise of Digital Currency (21st Century)
Event Description Cryptocurrency Emergence Bitcoin introduces blockchain technology as a decentralized currency system.