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Historians fin it hard to pinpoint the exact moment that the concept of money was invented. Barter and exchange were the main way of trading goods and services.
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Ancient Egyptians were making metal rings which some historians think they used as money.
By 1100 BC in China, there was a system of using miniature replicas of the objects instead of the real objects.
Between 700 and 600BC were made the first coins.They were made in Turkey. -
Europeans were using more and more metal coins.The use of precious metals in coins meant that the mooney could be trated because it held a value.
In 1685 Canadian colonies began to use paper money too and this innovation led to a huge increase in international trade.
In the english colonies of the West Indies half a real was four bits and a quarter was two bits, a phrase used by people in the USA today. -
In the modern woeld many people use plastic cards called debit card to pay things.The cards transfer money from their bank account to the shop´s bank account.
People also use money they don´t even have yet by paying with credit cards. They then pay the money back later.
Economic booms and crises happen when confidence in money increasses or desseases
