{"id":2198,"date":"2022-11-11T11:20:49","date_gmt":"2022-11-11T11:20:49","guid":{"rendered":"https:\/\/rethinkq.adp.com\/?page_id=2198"},"modified":"2024-06-09T16:01:03","modified_gmt":"2024-06-09T15:01:03","slug":"artifact","status":"publish","type":"page","link":"https:\/\/rethinkq.adp.com\/artifact\/","title":{"rendered":"Artifact"},"content":{"rendered":"\n

Our Artifact series highlights interesting relics from the history of money, accounting and payroll<\/strong> that illustrate how we got to where we are today.  <\/p>\n\n\n

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\n Ithaca Hours and time-based currencies\u00a0<\/span>\n

An experiment in 1990s New York was a fairly recent example of a centuries-old idea: local currency projects based on labor.\n<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n The Denominator, a device for counting money<\/span>\n

Mechanical tabulation changed the game for payroll clerks in the early 20th century.<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n The birth of paper money in China<\/span>\n

The advent of printed money, called jiaozi, in China changed the world and how people get paid.<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n The first coins in Ancient Greece<\/span>\n

Trade and commerce existed long before coins, but the idea of money was a revelation and a revolution.\n<\/p> <\/div>\n <\/a><\/div> <\/div>\n<\/div><\/div>\n\n

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Cowries have become a quintessential example of a commodity currency.<\/p>\n\n<\/div><\/a><\/div>\n\n

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\n The very first calculating machine<\/span>\n

Four centuries ago, during a time of great innovation, Wilhelm Schickard invented the first-ever calculating machine in Germany.\n<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n Cowries, the currency that powered West Africa<\/span>\n

For centuries, cowrie shells were a driving currency behind the slave trade. But their impact across Africa goes back much further than that. \n<\/p> <\/div>\n <\/a><\/div> <\/div>\n<\/div><\/div>\n\n

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\n Khipu, the ancient Inka accounting system<\/span>\n

Long before Excel, accountants of the Inka Empire used knotted strings called khipu, or quipu, to record taxes and stock. \n<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n How time-tracking clocks shaped the working world<\/span>\n

Despite being thoroughly embedded in today\u2019s professional life, \u201cclocking in\u201d is a relatively modern invention.\n<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\u201cWe don\u2019t want to show documents; we want to tell the stories contained inside the documents.\u201d<\/h2>\n\n<\/div><\/div>\n\n
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\n Cashier check \u2018kebabs\u2019 sum up Naples\u2019 financial history<\/span>\n

This Italian port city was a business hub for centuries, and all its dealings were documented on slips of paper strung up like meat. <\/p> <\/div>\n <\/a><\/div> <\/div>\n<\/div><\/div>\n\n

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Until the 1940s, many U.S. coal towns ran on scrip, a company’s own currency.<\/h2>\n\n<\/div><\/div>\n\n
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\n \"\"\n <\/div>\n
\n Coal company scrip paid to miners often left them deep in debt<\/span>\n

The tokens paid in lieu of cash were abundant in remote areas of the U.S. until the mid-20th century, explains history professor Lou Martin.<\/p> <\/div>\n <\/a><\/div> <\/div>\n\n

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\n \"\"\n <\/div>\n
\n Cuneiform tablets reveal secrets of Mesopotamian payroll<\/span>\n

Early payroll records were among humans\u2019 first steps toward a writing system, explains Ali H.O. Bnayan, an archaeologist and cuneiform expert from the Iraq Museum.<\/p> <\/div>\n <\/a><\/div> <\/div>\n<\/div><\/div>\n\n\n

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Sign up<\/a> to keep up to date with ReThink Q.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"

Our Artifact series highlights interesting relics from the history of money, accounting and payroll that illustrate how we got to where we are today.  <\/p>\n","protected":false},"author":1,"featured_media":2039,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":true,"footnotes":""},"coauthors":[7],"class_list":["post-2198","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nArtifact - ADP ReThink Q<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rethinkq.adp.com\/artifact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Artifact - ADP ReThink Q\" \/>\n<meta property=\"og:description\" content=\"Our Artifact series highlights interesting relics from the history of money, accounting and payroll that illustrate how we got to where we are today.  \" \/>\n<meta property=\"og:url\" content=\"https:\/\/rethinkq.adp.com\/artifact\/\" \/>\n<meta property=\"og:site_name\" content=\"ADP ReThink Q\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-09T15:01:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/09\/AN1172639.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"909\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rethinkq.adp.com\/artifact\/\",\"url\":\"https:\/\/rethinkq.adp.com\/artifact\/\",\"name\":\"Artifact - 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