Case Studies United Kingdom (p. 54) and Sweden (p. 57)
Timeline
The first act of exchanging goods for other goods is recorded and referred to as “bartering.”
6000 BC
Worldpay Global Usage 71 2024 POS Cash Shares by Transaction Value Top 5 Countries
0% 10% 20% 30% 40% 50% 60% 70%
3000 BC
Commodities, predominately livestock, begin to be used as currency.
700- 601 BC
Metal coins and tools began being used as currency in modern day Turkey and China.
601 - 1000AD 1E 0A0R0LAY D 1800S
300 BC
Civilizations seen impressing leaders and symbols onto their currency.
2024 eCommerce Cash on Delivery Shares by Transaction Value Top 5 Countries
10% 12% 14% 16% 18%
601- 1000 AD
Paper money first introduced in China.
0% 2% 4% 6% 8%
Central banks began using gold and silver standards and issuing currencies based on reserves on precious metals
EARLY 1800s
44
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