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The History of Money
3 months ago
Metals used as medium of exchange.
First coins were made by Lydians.
First paper money made in China.
Banking emerges in Europe.
David Ricardo invents gold standard.
Managed paper currencies.
Gold-backed U.S. Dollar was made in which the Federal Reserve System was created in the U.S. as a central bank.
Charge cards were provided by some places for customers with cars so that they won't have to travel to their hometown bank to get cash.
The first credit card is made by Diners Club and soon came along American Express and Visa cards with their first versions.
U.S. stops using gold dollars and starts using normal U.S. dollars.
Online shopping is first used
Payments through a mobile phone are accepted.
In present-day we have a higher of technology for payments through phone, computer, card, or straight cash.
White deerskin (leather money) were used as currency
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