History of the origin of money

The history of the origin of money originates in the most ancient times. Until a certain period, trade was carried out through the exchange of goods. But once a single equivalent was introduced, which was supposed to be present on commodity markets, measuring the value.

The function of this equivalent was performed first by various products. So, for example, in ancient Iceland - the country of fishermen and seafarers - "money" was considered a fish (everything was bought and sold for cod). In the poems of Homer, the number of bulls indicated the value of one or the other product.

By the way, the concept of "money" by origin is close to the word "cattle". Thus, the ancient Russian princely treasury was called a "cattlemaid," and the treasurer was called a "cattle-boy", while in the treasury were found ingots of gold and furs.

In ancient times, the constant displacement of some goods by others brought serious inconvenience to the merchants. There was a need to create a stable equivalent. So the prerequisites for the emergence of money.

In 1200 BC, the Chinese character was modeled after the cowrie shells . He designated "money". Thus, gradually the entry of a constant equivalent into life began.

"Monet" was called Juno (goddess in Ancient Rome), in whose temple in the 3rd century. BC. E. There was a mint.

Metal money became the first most widespread and long-lasting form. Some value of coins is preserved in the modern world. Metal materials were used for various materials. The most common were copper, gold, silver. In the modern world, the production of a change coin is made of various alloys, which include aluminum, nickel and other elements.

The history of the origin of money is closely related to written commitments. "Promises to pay" first appeared in China. They represented the receipts, which were issued under certain values, which were surrendered to special stores for storage.

Researchers to date can not unequivocally name the country in which the history of the origin of money originates. It is believed that the first coins were issued in the 7th century. BC. E. The history of metal money began in that period in China. The same country began to issue paper notes, however, much later (in the 8th century AD). In the Land of the Rising Sun, many travelers came only to look at the first currency.

The history of the origin of money (paper) in China is closely related to the emergence of the first counterfeiters. The fact is that at that time paper notes could be freely exchanged for gold than many people and rushed to use.

As you know, the first printing press was invented by Gutenberg in 1440. Of course, it was intended for the publication of books, but soon it was used to release money. Thus, a quick and easy way of making banknotes appeared.

The opening of the first Central State Bank in Sweden was a very significant event for the entire world economy. It happened in 1661.

For quite a long period, no other country has decided to open banks at home. And only in 1801 the first Central Bank appeared in France.

The United States entered a new economic level in 1824 by introducing cashless payments, which largely simplified the payment of large acquisitions. In 1944, the well-known in the world currency "American dollar" came into circulation.

In the early 1990s, there were first electronic money, with which a huge number of consumers can pay for an Internet purchase.

In 2002, another well-known currency, the euro, entered circulation. In many countries of the world it is used as a national currency.