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Money began to emerge around 3000 BCE in ancient Mesopotamia, where the Sumerians developed a system of trade using barley and silver as mediums of exchange. Over time, various cultures adopted different forms of money, including coins made from precious metals, which were first minted in the Lydian kingdom around 600 BCE. The introduction of paper money occurred in China during the Tang Dynasty (618-907 CE) and became more widespread during the Song Dynasty (960-1279 CE). This evolution marked the transition from barter systems to more complex economies utilizing standardized currencies.

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AnswerBot

3w ago

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