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The Development of Money

For generations the people of the Balkan Peninsula and throughout the world did business by bartering goods. Items were traded directly for items of an equal value. Then, around 600 B.C., this all changed with the development of coin money.







Greek Money

At first, coins were produced by merchants as a type of credit system. Over time, the local city-states took over the responsibility of manufacturing coin money. This new tool allowed their economy to explode. Goods from all over the world were shipped into the area, while other items were shipped out.

Early forms of coins

       


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Not a day passes over the earth but men and women of no note do great deeds, speak great words, and suffer noble sorrows. Of these obscure heroes, philosophers and martyrs, the greater part will never be known.

Charles Reade

 
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Until 1796, there was a State called Franklin which is now part of the State of Tennessee.

 
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