Introduction Money is one of the aspects to have constant dynamism in all parts of the world. The value and the perspective people have for money have been informed by historical events and major monetary themes globally. Some of the significant themes in the money history include mortgaging, investments in stock markets and government bonds, and the different monetary systems in the different countries of the world. This essay covers three themes or events in the history of money. Globalization and global monetary systems The best monetary systems and financial supremacy have been a reserve for the Western world for the better part of world history, with the developing countries exhibiting dependence. The economic systems in western countries have a rich history of development mainly because of the qualitative approaches they have on financial matters. However, the Eastern world economy and financial systems have posed a challenge to this state of affairs especially in the recent past. For instance, China has shown drastic economic growth with improving industries and its penetration in the world market, especially in Africa. China has also displayed a threat by its ability to lend to some of the world superpowers like the US. While the US has deficits in its budget, China has surpluses. The economic history and monetary themes have had twists and turn with the Western world, in most instances, having an upper hand. For instance, China initially had a strong economy that relied on the wealthy agricultural industry but declined drastically owing to the industrial revolution in the western countries between 1700 AD and 1950 AD. In the 1830s the opium trade added a new twist in China’s economy with the British expanding their influence in Chinas’ economical territory. There was a creation of investment opportunities that culminated in the glory days of Victoria globalization. This went on until World War I 1914 that was characterized by global economic damages and the consequent realignment. After World War II, countries revised their approaches to financial and economical matters. There were restrictions that made globalization and international trade difficult. The British established the Breton Woods system that was extremely strict on international trading practices. In addition to this, the review of fixed exchange rates curtailed the first globalization wave. On the other hand, World War II had a major contribution to world economies with the emergence of hedge funds. Further, it pioneered the technique of borrowing from investment banks. The globalization wave was revived in the early 1970s with the revision of economic and trading policies that allowed nongovernmental capital exports. The earlier operational gold standard was suspended and subsequently capital export endorsed. The milestone of this wave came with the free currency trade establishment. During the second wave of globalization, America and other western countries dominated economic activities and financial policy formulation. The establishment of the International Monetary Fund and the World Bank, tools that made the developing world dependent even more, further facilitated western imperialism in the economy. Devaluation of currencies, for instance, occurrences of incidences like Black Wednesday of September 1992, has brought drastic negative changes in the western economies. Unpredictable fluctuations in the financial world have led economic losses to the western countries and subsequently realigning the western supremacy in the global economy. However, China’s losses emanating from the global crisis are n