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Era Before Money

BARTER
Goes back a thousand years ago, before money was invented, people around the world did barter system. Barter is an act of trading goods or services between two or more people without the use of money.
When there was no money, people exchange their needs like tea, salt, weapons, and food.


The oldest form of money used for barter was cattle (cows, sheep, camels, and other livestock). Some agriculture countries prefer to used vegetables and fruits. This happened since 9000 to 6000 B.C.








COWRIE SHELLS
The first use of cowries is in 1200 B.C. Not all shells that people can used, only the Mollusc shells. They were widely available in the shallow waters of the Pacific and Indian Oceans, was in China. The cowrie is the most widely and longest-used currency in history.
MONEY INVENTED - COIN
The earliest known coins in the western world come from the city of Ephesus in Ionia (in western Turkey) in about 650 BC, under the Kingdom of Lydia. the coins are bean shaped and are struck on one side with a distinguishing mark, such as the image of a lion.


Two shapes in particular are characteristic of the first Chinese coins. Coins of one type look like the metal part of a spade, while others are like a knife blade with a handle. In both cases, the flat surface are decorated with Chinese characters.
BANK
Romans and Greeks first knew about banks as the place to make deposits, take loans, change money from one currency to another, and test coins for weight and purity.

The example of a Bank Note
CHINA
China created leather money in the form of one-foot-square pieces of white deerskin with colourful borders. This could be known as the first documented type of banknote. They also made paper money. It was made from the bark of mulberry trees (so, in a sense, money really did grow on trees). Then beginning in 1455, the use of paper money in China disappeared for several hundred years.


China banknote and paper money
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