History of Money, 9000BC –– 405BC
9000 — 6000 BC
Is that a cow in your wallet?
Cattle and grain come to be used as money in many different societies
2250 — 2150 BC
Silver Ingots
Cappadocian rulers guarantee the weight and purity of silver ingots. They gained wider acceptance as money.
1000 — 500 BC
Metal models of tools
The Chinese use metal models of tools such as spades, hoes and knives as money.
687 BC
The first coins
The Lydians are the first people to coin money. They are also the first to open retail shops.
300 — 300 BC
Round metal coins
The Chinese start using round base metal coins for money.
406 — 405 BC
First bimetalic coins
Athens issues a bronze coin with silver coating. As a result Athenians hoard silver coins which quickly disappear from circulation as a result.