Info Articles > Categories > History > When was the use of Money first introduced

When was the use of Money first introduced

The first use of Money is not known with certainty: there is, however, reason to believe that both gold and silver were very early used as money in Egypt and Asia: it was afterwards introduced into Carthage (Carthage, now Tunis, was a commercial city, situated on the Northern Coast of Africa, which long contended for the dominion of the Mediterranean with the Romans; but, after three wars, it was taken and destroyed by the Roman general, Scipio Africanus, in the year 251 before Christ.) and Greece; whence it was brought to Rome; and from that city spread gradually westward, through all the Roman dominions. Before the use of money was introduced, the only means of trade was by barter, or the exchange of one commodity for another, a custom long retained by uncivilized nations.

In time, however, men discovered the necessity of something which would enable them to trade with greater facility; the first mention of money is in the time of Abraham, who, we are told in the Bible, paid "400 sides of silver of common current money," for a burying place.