Task 4

TASK 4: MONEY
Given on 11/03/15 
DEADLINE: 19/03/15

INSTRUCTIONS
FIND information on the history of money: where was it used for the first time? how has it changed all through history? what objects have been used for money? What metals? what technology to make money? etc. 
AND
1. MAKE your own summary in English, preferably use your own words.PLEASE, NEVER use words or expressions you don`t understand.
2. FIND a video on the topic (not longer than 5 minutes) that deals with the topic. it needs to be really RELEVANT to the subject. 
3. UPLOAD both the summary and the video on your blog.


The history of money includes a development process of living with the exchange of it. Paper money or notes were first used in China during the Song Dynasty. However, they did not displace commodity money, and were used alongside coins. In the 13th century, paper money became known in Europe. Notes were first issued in Europe by Stockholms Banco in 1661, and were again also used alongside coins.The paper dollar appeared in the United States after the Revolutionary War and slowly became the national standard of value.Most of the common forms of money today are based on the dollar. Years ago, the objects use as money where metals. In situations where the commodity is metal, typically gold or silver.