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The History of Paper Money, Banking, the Gold Standard, and Fiat Money in 10 Minutes

Knowing a little about the history of money is important in understanding the significance of a breakthrough like Bitcoin. In his previous article, Marquez Comelab wrote about the early forms of money like cows, rice, and shells, among many others, to the more durable and portable gold and silver coins. In this article, Marquez takes you through a condensed history of how paper money invented in China over a thousand years ago, combined with the development and use of banking, accelerated the evolution of the monetary and financial system we have today.
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