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The history of money - Coggle Diagram
The history of money
Early money
People grow products
Keeping tabs or tallies
Creating of communal hunt
Money and saving the banks
2 kids of money:
Money created by banks inside the banking system
Money created my government outside the banking system
Money and inflaction.
Producing more good
The first appearance of a theory with too much money chasing too few goods can case inflaction
Paper money
For long distance trading
Gold standart
Metal money
Having a lot of it made you powerful
Had intrinsic value
Controlling money
Banking was born
Promissory note
Money and building banks
Fractional reserve banking
Banking = respectable business
International money
The creation of the American dollar
Vast trade
Future money
Massive global transaction
The power of money
Reinforcing the general optimism that the dollar will stay strong