jan 1, 1100 - Tally Sticks begin circulation
Description:
King Henry expanded the use of tally sticks to include the collection of taxes by local sheriffs, creating a demand for them, and the sticks began to circulate as a form of money as a result. Revenues owed to the Crown were collected in this manner, and the tally stick system formed the basis of the British Empire until the formation of the Bank of England at the end of the 17th century.Added to timeline:
Date:
jan 1, 1100
Now
~ 926 years ago