History of Currency and Minting

Which ancient civilizations were mentioned as using money?

• Amica, Holland, England, France, and Spain

• China, India, Egypt, and Greece

• Persia, Rome, Babylon, and Carthage

• Maya, Aztec, Inca, and Olmec

Why did colonies start creating their own currency?

• To increase trade with Asia

• To support local artisans

• Due to the worthlessness of paper notes

• To compete with European markets

What was a significant development in currency during the colonial period?

• Adoption of the gold standard

• Creation of the national dollar

• Introduction of the Euro

• Establishment of the World Bank

What role did national bureaus play in the evolution of currency systems?

• They issued credit cards

• They set interest rates

• They managed currency circulation

• They regulated international trade

What was a key feature of the new currency systems discussed in the final section?

• Introduction of cryptocurrency

• Use of digital wallets

• Circulation of the dollar

• Implementation of barter systems