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How many made us modern - Coggle Diagram
How many made us modern
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About 9,500 years ago, ancient accountants in Sumer invented a way to keep track of farmers' crops and livestock
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Those little ceramic shapes might not se to have much in common with today's $100 bill, credit card, online transactions
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Since ancient times, humans have used items to represent value from stones to animal skins, to where teeth, cowrie shells
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Unkversal currency : gold, raw material for the first coins created in Lydia (present -day Turkey) around 2,700 years ago.
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Modern money, ancient coins were what economists call full - bodied or commodity money.
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Money's convenience made it easier for ancient merchants to develop large - scale trade networks. This led to the first foreign exchanges
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The dangers of moving money and goods over distance, in the 1600s, investors gathering in London coffeehouses began to underwrite traders
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By the 1700s, the global economy had grown so much that it was inconvenient to transport
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Human judgment rather than how much gold has been dug out of the ground determines the amount of money in circulation
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New methods of payment had begun to emerge as alternatives to cash, using plastic to make purchase eventually proved more convenient than bills, coins or even checks
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The evolution of money has helped drive the development of civilization, money makes it easier not only to buy and sell goods
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