Forms of money!

Hi everyone! Welcome to another post. Today in Business Studies we learned about the origins of money and how it improved. We had been given a task where we had to research up 3 forms of money. One from Ancient HIstory, one from the 20th century, one from the 21st century and our idea.

Ancient History currency: Mesopotamia Shekel

Barkhokhba-silver-tetradrachm by CNG is licensed under CC BY-SA 3.0

The shekel is an ancient type of currency which was first used in Mesopotamia. It was used in 650 and 600 B.C in Asia. It was mostly used in the western regions of Asia. Semitic peoples, Moabites, Edomites and Phoenicians were people who used the shekel at that time.

Some advantages of this money are that it is unique and a good representation of money in Ancient times. I don't think there are many disadvantages to having this money because it was still very early.

Fact: The image you see is a silver bar Kochba shekel from Simon bar Kokhba's revolt against the Roman Rule.

20th Century currency: Charge-it

Credit:https://www.scoopwhoop.com
/Story-Behind-The-Credit-Cards-Invention/

The charge-it card is the first-ever credit card made, it was made by John Biggins. How did it work? Biggins Bank would pay participating merchants for their services, and it would assume responsibility by collecting debt from charg-it holders.  If cardholders experienced identity theft, friendly fraud (which means requesting a chargeback after purchasing goods.) or if merchants transaction records did not match the compensation from the bank. The charge-it card was established in 1946 - 20th Century.



Some advantages of having this type of way to pay are that it is more convenient and easy to work with. 

21st Century: Bitcoin

Credit: Coin Desk

Bitcoin is a cryptocurrency established on the 9th of January 2009. Bitcoins were created as a reward for a process known as mining, you can use bitcoin to exchange for other currencies, products and services. Some advantages of having this money are that it's more portable you can travel anywhere and exchange money for that. Some disadvantages of having this money are that you can be exposed to scams and fraud.