who created money
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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The concept of money evolved over centuries, with no single creator. Early forms included barter systems, then commodity money like shells or grain. The first coins appeared in Lydia (modern Turkey) around 600 BCE. Paper money originated in China during the Tang Dynasty (7th century). Modern currencies developed through banking systems and government regulation, facilitating trade universally. (50 words)
Key points condensed:
Origin: Barter → commodity money → coins (Lydia) → paper (China)
Purpose: Standardized value for trade efficiency
Modern: Centralized by governments/banks
Let me know if you’d like deeper historical details!
No one knows for sure who first invented/created such thing as money, but historians believe metal objects were first used as money ( “for means of asset exchange” ) as early as 5,000 B.C. Around 700 B.C., the Lydians became the first Western culture to make coins. Other countries and civilizations soon began to mint their own coins with specific values accordingly.