History Of Money- Traditional Societies-Early Forms Of Money Flashcards Preview

EMS GRADE 7 > History Of Money- Traditional Societies-Early Forms Of Money > Flashcards

Flashcards in History Of Money- Traditional Societies-Early Forms Of Money Deck (4)
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1
Q

What was the first form of money?

A

The first form money was cowry shells used in 1200bc in China

2
Q

What was thought to be original development of coins?

A

In 1000bc, china produced mock cowry shells that can be thought of as the original development of coins

3
Q

What were the earliest coins?

A

In about 500 bc pieces of silver were the earliest form of money these coins were first used in lydia turkey

4
Q

What was the first form of banknotes?

A

Leather banknotes were used in China in 118bc