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Thursday, 16 June 2016

Money

Despite ancient Egyptians using gold in most of their adornments, their medium of exchange was barley.

Gold coins were introduced by the people of Lydia (now western Turkey) in around 625 BC.


The Bible  contains some 500 verses on prayer, less than 500 verses on faith, but over 2000 verses on money and possessions.

The original Chinese character for money is based on Snail Shells which were once used as currency.

In 1318 the Italian Lombard family were granted land in what is now Lombard Street, London trading as goldsmiths. They would have been familiar with the Italian terms lire, soldi and denaro, from which we got £ s d (pounds, shillings and pence).

American Puritans placed common welfare ahead of self-interest and set modest caps on profit-making. Unemployment was virtually nonexistent in New England. A visitor from abroad testified, "In seven years I never saw a beggar."

The mill, equal to one-tenth of a cent, was declared the lowest money of account by the US Congress in 1786. The mill, as a coin, was never minted.

Until the nineteenth century, solid blocks of tea were used as money in Siberia.

On July 17, 1861 the US Congress authorized the use of paper money.


After World War II, the Hungarian pengő suffered the highest rate of hyperinflation ever recorded. There were several attempts to break down inflation, such as a 75% capital levy in December 1945. However, this did not stop the hyperinflation, and prices continued spiraling out of control, with ever-higher denominations introduced.  The Milliard Hungarian Pengo was issued in 1946, and holds the title of “largest numerical bill ever circulated” with a face value of 1,000,000,000,000,000,000,000.

Sweeping inflation banknotes in Hingary in 1946

Money isn't made of paper, it's made of linen.

It costs about 3 cents to make a $1 bill in the United States.

Traces of cocaine were found on 99% of UK bank notes in a survey in London in 2000.

Only 8% of the world's money exists as physical cash. The rest exists only in electronic accounts worldwide.

More Monopoly money is printed in a year than real money printed throughout the world.

Here is a list of songs about money.

Source Christianity.com

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