

9000 B.C.: Medium of Exchange

5000 BC: Shell Money

1000 B.C.: Metal Money

806 - 1023 A.D.: Paper Money

14th Century: Bonds

1688: Insurance Brokerage

1710: Futures

1913: Federal Reserve System

1933: National Deposit Insurance Scheme

1938: Secondary Mortgage Market

1949: Hedge Funds

1950: Early Credit Card

1958: Modern Credit Card

1960: ATMs

1971: Floating Exchange Rate

1971: Money Market Mutual Funds

1972: Debit Cards

1973: Point of Sale Terminals

1976: Modern Microfinance

1994: Credit Default Swap

1999: Online Payment Service
