Tag Archives: currency
What leads the Island of Yap to adopt giant stones as currency? 🙄
jiaozi
The first recorded use of paper currency in the world is believed to have occurred in China during the Tang Dynasty (618-907 AD). The Chinese used paper money in the form of “jiaozi,” which were paper notes issued by the government that could be exchanged for gold or silver. The jiaozi were used primarily as… Read More »
WTF Fun Fact 13028 – Lifespan of a Dollar Bill
Portraits of presidents were not depicted….
Portraits of presidents were not depicted on the official currency of the USA until the beginning of the 20th century. The first dollars had the figures and faces of the characters of Greek and Roman mythology and pictures with the participation of Native Americans appeared on the money. The post Portraits of presidents were not… Read More »
German hyperinflation after WWI was so bad…
German hyperinflation after WWI was so bad by 1923 the US dollar was worth 4.2 trillion marks (before the war it was about four marks). Restaurants even stopped printing menus because by the time food arrived prices had gone up. One guy ordered coffee at 5000 marks, the second cup cost him 9000. The post… Read More »