How did money begin????
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- Metals objects were introduced as money around 5000 B.C. By 700 BC, the Lydians became the first in the Western world to make coins. Some of the earliest known paper money dates back to China, where the issuing of paper money became common from about 960 AD.
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How did money begin????
The Mesopotamian shekel – the first known form of currency – emerged nearly 5,000 years ago. The earliest known mints date to 650 and 600 B.C. in Asia Minor, where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies. ... Taxes could be extracted to support the elite and armies could be raised.
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