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History of Money

The oldest form of money may well be cattle. Cattle could be traded for other goods such as wheat and clothing. Of course things have changed and its a good thing! Can you imagine trying to fit several cattle into a money clip?

Grain was another staple that has relative intrinsic value for feeding people and animals and was therefore used like a currency. Later precious metals were used. These did not have the same intrinsic value except that it was hard (and costly to source) and therefore was not easily forged.

In 390 BC the Gauls attack Rome. Fortunately (well depending on whose side you take) the cackling of geese in the capitol, where the city's reserves of money are kept, alerted the defenders. The Romans felt very grateful and build a shrine to Moneta - the goddess of warning. From Moneta the words money and mint are derived.