Money is a resource you need at all times for every little thing in the modern world. And the only way to get away from this great and universal resource is to move to the deep unknown and unexplored jungles in the Americas, and once there you can live off the land and build a small shack near a water source. But then you would die by the hands of the unknown cannibal tribes who already live there. And not to mention that your body, your mind and lifestyle would not permit you to get used to that lifestyle. And so you must realize that you need money and have to do just about anything to get your hands on money, short of selling or losing your soul. And then, you will have enough money to take care of your needs, then your wants, and then have some left over to give away if you choose to, just like the top 1% of the richest of the world. And so this is why today I am sharing with You 17 Fun Facts About Money:
- 1. The word “bankrupt” is from the Italian banca rotta, literally “broken bench.” In the years of early banking, people who exchanged, stored, and lent money did their business in the public marketplace at a bench. If the man at the bench, or the “banker,” ran out of money or was unfair, his bench would be broken.
- 2. There are more than 1.6 million ATMs in the world. There is even one in Antarctica. Friday is the most popular day at the ATM. The average amount withdrawn from an ATM is $80.
- 3. Icelanders use credit cards and debit cards more than any other country in the world. Seventy percent of all consumer business in Iceland is done with plastic, compared to 39% in North America.
- 4. The ancient Chinese cut out the hearts of anyone caught faking the emperor’s paper currency. England holds the record for executing counterfeiters. In 1817, the British hanged 313 people for making or passing phony bank notes.
- 5. The earliest recorded forgery was in 540 B.C. when Polycrates of Samos used fake gold coins to a pay debt he owed to Sparta.
- 6. Governments can get money in three ways: 1) print it, 2) borrow it, or 3) collect taxes from their citizens.
- 7. The worst market crash in the United States lasted two years (1930-1932) and helped spawn the Great Depression. A thousand dollars invested in September 1929 was worth just $108.14 in July 1932. Governments will sometimes infuse counterfeit money into an enemy’s currency to wreck their financial system. Germany did it to England inWWII and the Americans did it to the Japanese.
- 8. The government of Hungary printed the highest denomination ever created in 1946. It printed a bank note worth 100 quintillion pengoes. A hundred quintillion looks like this: 100,000,000,000,000,000,000.
- 9. Before early forms of money were developed, people used to barter, which is a simple form of exchanging goods.
- 10. It wasn’t until 1963 that the motto “In God We Trust” appear on U.S. paper currency.
- 11. The two facilities of the Bureau of Engraving and Printing (one in Fort Worth, Texas, and one in Washington, D.C) together use about 9.7 tons of ink?per day.
- 12. A $1 bill lasts 18 months; $5 bill, two years; $10 bill, three years; $20 bill, four years; and $50 and $100 bills, nine years. Coins can usually survive in circulation for about 30 years.
- 13. One million $1 bills would weigh 2,040.8 pounds. One million dollars in $100 bills would weigh only 20.4 pounds.
- 14. In Old English pygg was a type of clay that was used to make jars and dishes that held money. The word eventually morphed into “piggy bank"
- 15. There have been many unusual forms of money throughout history, such as the cowry, which is the shell of a sea snail. They were colorful and durable, which made them popular money with civilizations around the world. The cowry was the longest and most widely used currency in history.
- 16. Early Romans used salt as a form of money. In fact, the word “salary” comes fromsal, which means “salt” in Latin.
- 17. The first coins with their value printed on them were minted around 600 B.C. in ancient Lydia (modern-day Turkey). The coins were made of electrum, which is an alloy of gold and silver.
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