How Did The Fiat Money Change Over Time

Over the years, money has changed drastically. Since the beginning, anywhere there is civilization there has been some sort of currency, and it changes due to the advancement of people. People are willing to do more for money if there is a reward involved. Money started out as simple things such as: fur, horns, meat, things like that, and people would trade them. After that money became things like silver or gold coins. Once this became a big success people realized the value of silver and gold has and realized it was really expensive. After they realized this they made a more simpler form called, fiat money. Sacagawea named the fiat money. Fiat money has been a huge success and took a huge leap in the economy. It was cheaper to make and easier

to access , but people soon started making their own fiat money. Fiat money was made out of paper and people soon started to make their own because you could not tell the difference. Which is the reason why counterfeit money is against the law. The development of technology created money to look the way it does now and has not changed since. Money is harder to copy because of more technological advances. Money has not changed in a very long time and now money is more expensive to make which has spiked a rise in the economy. This is logical since money has it’s own price then the things you buy with money should also be expensive. Money has also changed to the form of credit cards and online banking. This is paper money that turns into technology money and is way easier to keep up with and spend. Having this type of advancement has its pros and cons. People are more likely to be able to hack into your accounts and access your money easier than if you just had paper money. But with this advancement things are easier than the paper and coins that really have come to nothing since the advancement of credit cards. Overall, the advancements have helped the world and the economy through market and everyday lives.