Tuesday, July 3, 2012

A Brief History of Money

New Yorker writer, James Surowiecki, traces the history of money in this brief article for IEE Spectrum. It's quite good and a nice tour through history. Did you know, for example, that it was the small kingdom of Lydia that introduced the world "first standardized metal coins, or that in the 13th century Kublai Khan switched China to paper money.

1 comment:

Sandra Lee said...

The history is very interesting itself especially the history of the money. Now we can see the tremendous way of the coin through the ages to the credit card today. I think it's incredible that now you can take short term loans same day just filling the application form in the Internet. And you will receive money on your bank account siting at home in your favorite chair. But what I want to say is that you should know how to deal with the money in any times.