The city was incorporated in 1955 along the boundaries of the Village of Northville. The Village of Northville included portions of Novi Township in Oakland County and Northville Township in Wayne County.
Paper Money. by Colleen Dumas. Paper money was made by the Tang Dynasty in China in 740 B.C. They made the paper money as an offshoot of the invention of block printing. Block printing is like stamping. Some people used the process for quilts, but the government made ready use of it in printing money.
Best Answer: The elasticity of money is a term from economics that was developed by James Tobin and William Baumol in the 1950s. It was the first attempt to formalize the analysis of the effect of the money supply on the economy and spawned an entire field of economic theory called monetary theory.