History of Money

Worksheet Description

This worksheet is an educational resource about the evolution of money throughout history. It starts with the barter system, describing its limitations and the introduction of various objects like shells, beads, or livestock as a means of trade. The progression continues to the first metal coins in Lydia around 600 BC, paper money in China during the 7th century AD, and eventually to the modern forms of currency including coins, paper bills, and digital transactions like credit cards and online banking.

The worksheet is intended to teach students about the historical development of economic systems, illustrating how societies have transitioned from bartering goods to using standardized forms of money. It aims to show the practicality and necessity of money as a medium of exchange and how it facilitates trade and commerce. By understanding the history of money, students can gain insight into the complex nature of trade, the value of currency, and the economic principles that underpin modern society. The worksheet also touches on the importance of innovation in financial transactions over time.