Facts

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Facts the Peabody Encyclopedia for kids

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Money Is for Buying

Money: What is money, and where did it come from?

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People use money to buy things. A seller agrees to take it.

Before money, people used barter.

Barter is trading things you have for things you want.

People used cowrie shells as money for thousands of years.

The ancient Lydians invented coins. They lived in what is now Turkey.

Paper money began in China about a thousand years ago.

Dollar bills are not ordinary paper. They are cotton and linen.

You can earn money by doing a job.

No money yet? You can save until you have enough.

A bank is a safe place to keep money.

Words to know

  • barter: trading things
  • cowrie: small white shell
  • Lydians: people of Lydia
  • bank: safe money place

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