PLAYDOUGH~

The History of Money and Banking

Money and banking have been at the center of human civilization for centuries.

But do we really understand them?

Let's take a journey back in time to understand their origins.

In the earliest times, the economy was purely agricultural, and barter was a sufficient means of exchange.

But as cities expanded, people needed something precious, portable, and protectable to represent wealth.

Gold and silver quickly became the first money.

As wealth multiplied, protecting it became a problem.

People started storing their gold and silver in secret vaults or chambers, the first 'banks'.