‘Official report: The development of money’By Hamza Khalid


To: Hamza (sociology professor)

From: Hamza Khalid

Date: Thursday, 26th January, 2017

Subject: Development of money

This is to state that this report is about the transformation and consideration of money and how it has been used throughout time. And this report is to highlight its transformation and development.

It is thought that money is life because everything you need in life is bought by money. Nothing in this world is free even a clean water is not free. It is also true that money cannot bring success but success bring money.

If you ask the people, what is money? They will simply answer you that money is cash, credit cards and cheques.

Following are its forms:

1)      Amber

2)      Beads

3)      Cowrie

4)      Shells

A)     Perhaps, the oldest form of money is livestock and plant products, cattle’s and grains were very common. The other and very important form of money which was used by Chinese was cowrie shells. Slowly and gradually the development started coming and money come with metals including metal tools and metal jewelry.

B)     Eventually of course, in Lydia metal coins made of silver and gold were unrented which became lastingly popular. It was adopted by ancient Greeks states where banking transaction were carried out.

Today, eventually of course, money comes in coins and bank notes. Both paper currency as well as coins are in circulation. We all should thank to ‘Gutenberg’ for inventing the printing press which made the production of paper currency.


About froebelianwriters

I am an English Language teacher teaching O'Levels Edexcel and CIE A Levels at Froebel's International School, Islamabad. I am also working as a Subject Specialist Literacy consultant for the same school. Writing and reading has always been a passion and I try my utmost to instill these habits and hobbies in my students as well. I can be reached/contacted at fabbas227@hotmail.com or 03365287335 Happy reading!

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