Around 2,000 B.C., the Sumerian city-states were conquered and united by a succession of rulers and empire builders. The first of these was a man by the name of Sargon.
Legend suggests that Sargon was abandoned by his mother. Placed in a reed basket, he was pushed into the Euphrates River where he was found by a farmer in the kingdom of Akkad.
Eventually Sargon grew up and became the ruler of Akkad. He immediately began a military campaign in which he united all the Sumerian city-states. Following the death of Sargon’s grandson, the empire that he had built collapsed.
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The U.S. government did not issue paper money until 1861. Prior to this private banks issued money.