British Museum blog

The present and future of money


Catherine Eagleton, curator, British Museum

When people think of the British Museum, images of antiquities are often part of what springs to mind. In fact, we collect and display modern and contemporary material, and the exhibition by Grayson Perry that has just opened is a great example of the ways that a contemporary artist can engage with our historic collections.

You might have read in the news a couple of weeks ago about the Google Wallet trial in New York, or about new mobile payment systems that are being developed in countries around the world. In the UK, debates about whether to phase out payments by cheque are still ongoing, but it seems clear that we’re in a period when what money is and how we use it is going to change substantially.

Reports of the death of cash have, though, probably been greatly exaggerated. The new technologies have some way to go before they can compete with the anonymous convenience of coins and notes for many people and for many transactions.

Earlier this year, I was at the Digital Money Forum, and a group of artists were asked to imagine what the future of money might look like. The winner has since developed a video that creates a fictional scenario looking at ideas of money and anonymity (warning: contains language which some may find offensive), and what could happen if all payments were digital and all could be traced.

A mobile phone

Mobile phones are increasingly used to make payments and transfers

For some people, the biggest concern isn’t anonymity, but more basic concerns about security, and I’ve had some really interesting conversations with a group of researchers who are studying money in Haiti. There, because of the risks involved in carrying cash around, the use of mobile phones to make payments is increasing, fast. People are also using digital transfers to keep their money safe while they are moving around.

As we develop the Money gallery, the challenge is not just how to display this – how to collect and put into an exhibition things that are electronic – but also how to make sure that the modern sections of the gallery can change during the lifetime of the displays.

Whatever happens, I think it’s clear that the next five years will see big changes, and we will need to create content for a permanent display that can reflect them. For more on this, have a listen to the Digital Money podcast I did a couple of months ago.

The Money Gallery project is supported by Citi and opens in June 2012.

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We've reached Room 52 on our #MuseumOfTheFuture series of gallery spaces – the Rahim Irvani Gallery of Ancient Iran. Iran was a major centre of ancient culture. It was rich in valuable natural resources, especially metals, and played an important role in the development of ancient Middle Eastern civilisation and trade. Room 52 highlights these ancient interconnections and the rise of distinctive local cultures, such as in Luristan, during the age of migrations after about 1400 BC.
During the 6th century BC, Cyrus the Great founded a mighty Persian empire which eventually stretched from Egypt to Pakistan. Objects on display from this period include the Cyrus Cylinder (in the centre of the picture) and the Oxus Treasure (in the case to the left of the picture). Monumental plaster casts of sculptures from Persepolis are also displayed in Room 52 and on the East stairs.
The later periods of the Parthian and Sasanian empires mark a revival in Iranian culture and are represented through displays including silver plates and cut glass. The next gallery space in our #MuseumOfTheFuture series is Room 51, Europe and Middle East 10,000–800 BC. Farming began in the Middle East around 12,000 years ago, making possible the social, cultural and economic changes which shaped the modern world. It arrived in Britain around 6,000 years ago bringing a new way of life. This change in lifestyle meant people competed for wealth, power and status, displaying these through jewellery, weapons and feasting.
The objects on display in Room 51 show how the people of prehistoric Europe celebrated life and death and expressed their relationship with the natural world, the spirit world and each other. The object in the centre of this picture is the Mold gold cape, found in Flintshire in 1833 and dating to around 1900–1600 BC. This is Room 50, Britain and Europe 800 BC–AD 43, the next gallery space in our ongoing #MuseumOfTheFuture series. The Iron Age was a time of dramatic change for the people of Britain and Europe. Iron replaced bronze as the material used to make tools and weapons, while religion, art, daily life, economics and politics changed dramatically. The story of these civilisations (known to the Greeks and Romans as Britons, Celts, Germans and Iberians) and their distinct material cultures, is told through decorated Iron Age artefacts known as 'Celtic art' and more everyday objects. In the foreground of this picture you can see a selection of torcs and to the right is the Battersea shield, found in the River Thames in the 1850s. Next up in the #MuseumOfTheFuture gallery series it's the Weston Gallery of Roman Britain – Room 49. The Roman occupation of Britain between AD 43 and 410 dramatically transformed the material culture of the province. Imported goods and settlers from Europe, the Middle East and North Africa created a richer, more diverse society and a wealth of mosaics, wall paintings, sculpture, glassware and metalwork was produced.
The laws, administration, currency, architecture, engineering, religion and art of Rome met Britain’s Iron Age societies to create a distinctive 'Romano-British' identity, which is illustrated in Room 49 through a variety of objects and artworks including the Mildenhall treasure, the Hoxne Hoard and the Hinton St Mary mosaic. Born #onthisday in 1600: Charles I. During the Civil War this medal was worn in support of the King
#history #medal #king This is Room 48 – Europe 1900 to the present. It's the next gallery in our #MuseumOfTheFuture series. Room 48 examines changing ideas about how objects should look, and the desire to make well-designed objects available to a wider audience. Many of the objects on display show how designers in the West have drawn inspiration from other cultures, past and present.
Highlights include Continental Art Nouveau, Germany’s Darmstadt artists' colony and the Bauhaus, Russian Revolutionary porcelain and American applied arts between the two World Wars.
The Museum is actively collecting objects from the 20th century and the display continues to change as new acquisitions are made.
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