2. The evolution of money: From gold coins, to tally sticks, to paper notes

The evolution of money: From gold coins, to tally sticks, to paper notes

Blog 2/3 in the ‘History of Money’ series

In my last blog, which covered the early history of money , we saw how gold and silver coins were imposed on people by states, via taxation and conquest. In this blog, we shall see what happened when those states failed…

The Romans brought their currency to Britain when they colonised the island. When they retreated, in 410AD, the British people were so accustomed to Roman coins that...