If China was the forerunner of the concept of money around 1000 BC, in the form of common and utilitarian objects is in Lydia (Asia Minor) qu'apparaîtront the first pieces between 620 and 600 BC JC numismatic art of this period of history will be brought to its peak by the Greeks in the early 5th century BC; more care is taken to manufacture the parts on which human portraits gradually replace animals.
The rise of Macedonia in the 4th century BC corresponds with the standardization of the royal effigies faces, probably imposed by the kings themselves to assert their authority over their vast territories. Conservatism of Western and Middle Eastern civilizations of the time constant practice will make this up to the end of the 3rd century AD
The other monetary developments pole, china, stands in the same period by two features: the pieces are melted instead of being beaten and contain only brief inscriptions instead of performing arts. This is explained by the fact that, on the one hand, the Chinese then used a lot foundry in their daily lives and, secondly, they were sufficiently confident in the superiority of their culture not to affirm on an object considered vulgar.
The Middle Ages, beginning in the 8th century AD, is marked by the development of both: Christianity and Islam. Its splash on cash is reflected by the prominence given to religious symbols on the coins. The slow economic progress, however, limited in number and quality.
Cultural and economic revival that is the Renaissance in the 15th century has several consequences: first, the development of trade resulting in the invention of the bill of exchange, western ancestor of the banknote (the Chinese then used already for nearly a thousand years); on the other hand, the content of parts moving towards more precious metals (gold and silver), thus allowing the exchange of goods values increasingly important.
The discovery of the New World by Christopher Columbus in 1492 allows the exploitation of new gold and silver mines in the Americas. A series of innovations in the 17th and 18th century propel parts manufacturing crafts to the industrial stage. From the 17th century, European powers diffuse parts and paper money to weapons of their nations around the world. The issuance of paper money, until the case of private banks, gradually came under the control of States which, in the 19th century, will assure a near monopoly.
In Africa and the Pacific Islands, the arrival of European settlers coincides with the passage of barter system with the use of the currency.
After both world wars, currency values fall due to inflation. The gold standard, which had been adopted at the beginning of this century by most countries, in turn definitively abandoned.
The paper currency has now definitively supplanted the room as a medium of exchange. Increasingly, electronic processes, like credit cards, are set to play in turn a key role in the exchanges.
Source: www.beac.int
The rise of Macedonia in the 4th century BC corresponds with the standardization of the royal effigies faces, probably imposed by the kings themselves to assert their authority over their vast territories. Conservatism of Western and Middle Eastern civilizations of the time constant practice will make this up to the end of the 3rd century AD
The other monetary developments pole, china, stands in the same period by two features: the pieces are melted instead of being beaten and contain only brief inscriptions instead of performing arts. This is explained by the fact that, on the one hand, the Chinese then used a lot foundry in their daily lives and, secondly, they were sufficiently confident in the superiority of their culture not to affirm on an object considered vulgar.
The Middle Ages, beginning in the 8th century AD, is marked by the development of both: Christianity and Islam. Its splash on cash is reflected by the prominence given to religious symbols on the coins. The slow economic progress, however, limited in number and quality.
Cultural and economic revival that is the Renaissance in the 15th century has several consequences: first, the development of trade resulting in the invention of the bill of exchange, western ancestor of the banknote (the Chinese then used already for nearly a thousand years); on the other hand, the content of parts moving towards more precious metals (gold and silver), thus allowing the exchange of goods values increasingly important.
The discovery of the New World by Christopher Columbus in 1492 allows the exploitation of new gold and silver mines in the Americas. A series of innovations in the 17th and 18th century propel parts manufacturing crafts to the industrial stage. From the 17th century, European powers diffuse parts and paper money to weapons of their nations around the world. The issuance of paper money, until the case of private banks, gradually came under the control of States which, in the 19th century, will assure a near monopoly.
In Africa and the Pacific Islands, the arrival of European settlers coincides with the passage of barter system with the use of the currency.
After both world wars, currency values fall due to inflation. The gold standard, which had been adopted at the beginning of this century by most countries, in turn definitively abandoned.
The paper currency has now definitively supplanted the room as a medium of exchange. Increasingly, electronic processes, like credit cards, are set to play in turn a key role in the exchanges.
Source: www.beac.int
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