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Populate initial currency

welcome to my channel let's talk about money the history of money concerns the development of social and economic systems that provide at least one of the functions of money such systems can be understood as means of trading wealth indirectly not directly as with barter money is a mechanism that facilitates this per se no one knows for sure who first invented such money but historians believe metal objects were first used as money as early as 5000 bc around 700 bc the lydians became the first western culture to make coins other countries and civilizations soon began to mint their own coins with specific values chinese create object that resembles modern day coin sometime around 770 bc the chinese moved from using actual usable objects such as tools and weapons as a medium of exchange to using miniature replicas of these same objects that had been cast in bronze due to impracticality nobody wants to reach into their pocket and impale their hand on a sharp arrow these tiny daggers spades and hoes were eventually abandoned for objects in the shape of a circle these objects became some of the first coins although china was the first country to use an object that modern people might recognize as coins the first region of the world to use an industrial facility to manufacture coins that could be used as currency was in europe in the region called lydia now western turkey today this type of facility is called a mint and the process of creating currency in this way is referred to as mending first official currency in 600 bc lydia's king alliance minted the first official currency the coins were made from electrum a mixture of silver and gold that occurs naturally and the coins were stamped with pictures that acted as denominations in the streets of sardis in approximately 600 bc a clay jar might cost you two owls and a snake lydia's currency helped the country increase both its internal and external trading systems making it one of the richest empires in asia minor today when someone says as rich as crisis they are referring to the last lydian king who minted the first gold coin transition to paper currency around 700 bc the chinese moved from coins to paper money by the time marco polo the venetian merchant explorer and writer who traveled through asia along the silk road between ad-1271 and 1295 visited china in approximately ad 1271 the emperor of china had a good handle on both the money supply and various denominations in fact in the place where modern american bills say in god we trust the chinese inscription at that time warned those who are counterfeiting will be decapitated parts of europe were still using metal coins as their sole form of currency all the way up to the 16th century this was helped by their colonial efforts the acquisition of new territories via european conquest provided them with new sources...