Money is something most of use everyday, and if we’re not actually spending money, we’re wasting time thinking about how to acquire more of it. But as much importance money has in our lives, most people don’t know much about its origins and how its circulated.
Before bills were created, ancient civilizations used some interesting forms of currency, like tea leaves, shells and blood. People of the 16th century Inca Empire got even more creative and used bat droppings for their money. Early Romans used salt as a form of currency. The word “salary” comes from the word “sal” which means “salt” in Latin. In America, the first woman to appear on a U.S. coin wasn’t even an American at all. She was Queen Isabella of Spain, and she was featured on a commemorative coin back in 1893. And the first paper money was
invented back in A.D. 618 in China’s Tang Dynasty. The Chinese used the money for more than 500 years before the practice spread to Europe in the 17th
There are more than 320 million Americans, and more than 2 million of them live on less than $2 a day. Many people don’t actually use cash, they use credit cards instead. Out of all the money in the world, only 8% of it is actual physical currency. The rest of it is digital money that exists only on computers. The average American has five cards, and with 175 million Americans being credit card users, that means there are more credit cards than there are Americans.
When it come to credit and financing, most Americans don’t think much when it comes to
financing a car or taking out a home mortgage, but those interest rates start to rack up over the years. The average American consumer will pay close to $280,000 in interest over their lifetime.
This brings new meaning to the term “dirty money.” 94% of all bills are contaminated with bacte-ria. 7% of it is harmful bacteria that causes the flu, pneumonia and staph infections. A 2009 study concluded between 90-94% of all money has traces of cocaine on it. This is due to drug traffickers who exchange cash frequently and drug users who use bills to snort cocaine. While the flu virus can survive outside the human body for about 24 hours, it can live on a dollar bill for up to 10 days. Pretty gross, right?
Some say money doesn’t bring you happiness, but studies have determined that money is the driving force behind most people. It motivates people to get up and go to work, it motivates them to work hard, and while always being on the quest for more and more cash, money can start to occupy your mind quite frequently.