The history of money is very interesting

The money has a central role in the people’s history. The most acceptable definition of it is that it is a well identifiable object, what has a value and this is somewhere accepted as a payment for goods, or services. When we are talking about the history of money, we have to refer the prehistoric period too, when there was a non-monetary exchange between people. The Numismatics is the field what is occupying with the history of money.

history of money

We have many periods and types of money, but mostly, people used precious metals for making money, and of course, until the modern times, we didn’t really have bank notes, this was changed with the appearance of the banks. There are a lot of controversies about first appearance of money, because the professionals have many opinions about what is, in fact the money itself. The famous Code of Hammurabi is a really well preserved low-code from the second thousand BC, it is from the territory of ancient Babylon. It has a very huge importance, because it is the first time, when the role of money is formalized in the civil society.

 

The commodity money was an important part of the ancient Mesopotamian civilization. Related with the anglo-saxon people, the most important currencies are the pound and the dollar. The term of pound comes from Great Britain, where they measured the weight of silver with pounds. This currency is used in 6 countries. The dollar is the other important currency related with the anglo-saxons and it has remarkable importance of today’s economy and world trade, so it became part of the history of money. This is a very interesting subject, there are a lot of books and articles about the history of money.