History of Money is fascinating and enlightening.
It shows how the invention of money and instruments around it shaped our civilization.
From Barter to Cowrie Shells to Electrum Coins to Paper Money and Central Banks.
Today we are experiencing another revolution of Money Development, what a time to be alive. :)
1. Barter - exchange of goods. (Coincidence of Wants) - not efficient
2. Cowrie Shells and Tools - Shells were seen as Creation of Gods.
3. Electrum Coins - coins made from melted silver and gold.
4. Paper Money - represented large sums of stored coins.
5. Private Banks - that stored coins and money.
6. Central Banks - that regulated national currency.
7. Credit Card - Electronic Money. 1950. Money started to be Electronic Means.
8. CryptoCurrencies - Bitcoin, Etherum and thousands of others.
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