Money

Money Talks: The History of the money

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It's hard for us to belive that there once was a time when credit cards didn't exist. There was even a time when money didn't exist!

Barter

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"If I give you some corn, will you give me some eggs?" That's how Barter system worked before money existed.

Commodities

People used something of value to pay for a product or service. Aztecs used cocoa beans as money. They were small, easy to carry and easy to count.

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Banks

Bamks were invented in Mesopotamia in Middle East. Temple officials gave out official receipts, just like a bank does today. The first real coins were probably made in Grece bout 630 B.C. The coins had a standard form, weight and purity of metal.

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Rubrica: : First coins

Credit Cards

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From 1870 to 1970, the value of money was linked to the value of the gold a country posses. The first modern credit card was from the Bank of America in 1958 Now there are so many credit cards that some people collect them!