The History of Money
Cattle are probably the oldest of all forms of money. Cattle as money dates back to 9000 B.C. Some cattle were still used as money in parts of Africa in the middle of the 20th century.
The first coins, pieces of bronze shaped like cattle, appeared around 2000 B.C. Their value was determined by their weight, making their use cumbersome.
Coins with their value imprinted on them were first produced in Lydia (present day Turkey) around 650 B.C. Around A.D. 806, the Chinese invented and briefly used paper currency, but the first consistent use of paper money was by the French in the 18th century.
The Massachusetts Bay Colony issued the first paper money in America in 1690. The colonies would later form the United States.
Amazing Facts
If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.
There is about $823 in circulation for each person in America.
A piece of currency can be folded forward and back 4,000 times before it will tear.
The $100 note has been the largest denomination of currency in circulation since 1969. The largest bill ever printed was the $100,000 bill; it was actually a Gold Certificate issued in 1934. These notes were used for transactions between Federal Reserve banks and were not circulated among the general public. President Woodrow Wilson was depicted on the bill.
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