Finance Fact #7 – Germany Once Used Cans as Money
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After WWI, hyperinflation in Germany led to people using bartering and items like canned goods instead of worthless paper marks. 🥫💶
After WWI, hyperinflation in Germany led to people using bartering and items like canned goods instead of worthless paper marks. 🥫💶
💳 The first credit card was issued in 1950 by Diners Club — and it was made of cardboard! 🃏
A truly groundbreaking (and flimsy) start to the cashless revolution.
💶 The euro (€) symbol was inspired by the Greek letter epsilon (Є), representing Europe — and two lines for stability. 🇪🇺
Yes, design matters in money too!
🧠 Albert Einstein allegedly called compound interest the "eighth wonder of the world".
Whether he did or not — it truly makes your money grow! 📈✨
In Sweden, less than 10% of transactions use cash!
It’s one of the most cashless societies in the world – even for tiny purchases like candy. 🍬💳
💰 Piggy banks didn’t start as pigs!
They come from "pygg", a type of clay used for pots in the Middle Ages.
Eventually, people shaped the pots like pigs — and the rest is history. 🐷🪙
🏧 The first ATM was installed in London in 1967 by Barclays Bank.
Cash from a wall? It blew people’s minds! 🧱💸
After WWI, hyperinflation in Germany led to people using bartering and items like canned goods instead of worthless paper marks. 🥫💶
💵 In 1934, the US printed a $100,000 bill featuring Woodrow Wilson.
It was only used between Federal Reserve Banks — never for shopping! 🏦🚫🛍️
👜 In Japan, many believe that yellow and gold wallets attract wealth, while red ones make money “burn away”. 🔥💴
Finance meets superstition!
🪙 Ever wonder why coins have ridges?
Back in the day, people would shave small amounts of metal from the edges — ridges stopped that! ✂️🪙
🧾 In Sweden, less than 10% of transactions use cash. Even churches accept card or mobile payments now!
🍕 The first real-world Bitcoin purchase was two pizzas for 10,000 BTC in 2010 — worth over $600 million today!
💵 In the U.S., $2 bills are still legal tender — just rarely used. Many people even collect them!
🪙 In the U.S., it costs more to make a penny and nickel than their face value!
👑 Mansa Musa, an African emperor from the 14th century, is considered the richest person of all time!
💰 Japanese households are known for high savings — often over 20% of their income.
🏦 The first ATM was installed in London in 1967 — and it used paper vouchers, not cards!
🎀 Products marketed to women often cost more than those for men — a pricing bias known as the "pink tax".
❄️ In 2008, all three of Iceland’s major banks collapsed — a national financial meltdown.
⚖️ The British pound is the world’s oldest currency still in use — over 1,200 years old!
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