History of Money Infographic
This infographic is a tongue-in-cheek representation of how money has actually helped in man’s evolution while banking has helped man’s devolution.
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1. Life was simple back when barter was the main mode of trade – image = short caveman with spear
2. Banks appear in 3000 BCE in Sumeria and allow us to store our stuff a little more securely, freeing us to wander and become more civilized image = taller caveman with a straw hat
3. Things start to get complicated when coins were introduced by the Sumerians around that same time – tall modern man with farm tool
4. Chinese Emporer Hien Tsung issues first known paper bank notes in 806 CE, Europe quickly follows more than 800 years later when Sweden issues first bank notes in Europe – image= same height man with sack on his back
5. Great Britain creates the Gold Standard in 1816 allowing people to place more trust in their currency due to the fact that anyone could always trade in their paper (fiat) money in exchange for real gold. image=man bent over holding lots of office stuff
6. The US follows suit adopting the gold standard in 1879, but discards the idea 54 years later with advent of the Federal Reserve Board in 1933, an entity that is NOT under the oversight of the government structure and therefore is not bound legally to serve the highest interest of the nation. image=man bent over a plow
7. The first general acceptance Credit card introduced by Diners Club in 1950 unleashing a new, more powerful way to expand the money supply and further devalue the currency. Image=man sitting at a desk (lower than previous guy similar to last person in devolution link)
8. Bitcoin introduced in 2009. Yay! We’re all saved! Or not… (small monkey connected by wires to a computer)
9. Where is money headed next? I am afraid to ask…