Before paper money is introduced, humans use various types of money, including salt, animal skin, and even large stones.
In the 17th century, tulips in the Netherlands became very popular and the price rose to be very high. However, this economic bubble broke out and many people lost their money.
In the 18th century, Britain became the center of the world economy because they produce many items sold throughout the world, including clothing, textiles, and tea.
In the 19th century, many people worked in factories and experience poor working conditions. This triggered the labor independence movement which demanded their rights.
At the beginning of the 20th century, the United States became the main economic force because they produced cars and factory machinery used throughout the world.
During the great depression in the 1930s, many people lost their jobs and lost their money in the stock market. This causes major changes in government economic policies.
After World War II, many countries in Europe and Asia experienced rapid economic growth because they rebuild their infrastructure.
In the 1970s, many developing countries experienced an economic crisis because oil prices rose sharply. This causes many countries to experience high inflation and economic difficulties.
In the 1990s, the internet became increasingly popular and changed the way people shop and do business. This brings a new revolution in the global economy.
At present, many countries are struggling with problems such as climate change, economic inequality, and the use of responsible technology. This triggers a lot of debate about how the economy must develop in the future.
