Who invented money?

What did people use before there was no money?

A barter is an ancient method of bartering. This system has been used for centuries and long before money was invented. Read also : What is the best thing to invest in right now?. People exchanged services and goods for other services and goods in return.

What did people use before there was money? Native copper, meteorites or native iron, obsidian, amber, pearls, ingots of copper, gold, silver, and lead have all served as means of payment. Until relatively recently, people even used live animals, such as cows, as a means of payment.

On the same subject :
What do people believe about the power of money? Answer: People think…

Who made money at first?

Nobody knows exactly who invented this money, but historians believe that metal objects were used as early as 5,000 BC. BC Were used for the first time as money. Read also : What is the Rule 69?. Around 700 BC The Lydians were the first western culture to produce coins. Other countries and civilizations soon began minting their own denomination coins.

When was money first invented? The Mesopotamian shekel – the first known currency – originated almost 5,000 years ago. The earliest known mints date from 650 and 600 BC. in Asia Minor, where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies.

How was money first created?

First official currency minted 600 BC BC Lydia’s king Alyattes coined what is believed to be the first official currency, the Lydian stater. The coins were made from electrum, a mixture of silver and gold that occurs naturally, and the coins were stamped with images that served as denominations.

To see also :
Millionaires spent most of their free time actively. 22% of their free…

Leave a Reply 0

Your email address will not be published. Required fields are marked *