Tuesday, July 3, 2012

A Brief History of Money

New Yorker writer, James Surowiecki, traces the history of money in this brief article for IEE Spectrum. It's quite good and a nice tour through history. Did you know, for example, that it was the small kingdom of Lydia that introduced the world "first standardized metal coins, or that in the 13th century Kublai Khan switched China to paper money.

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