The History of Ancient Currency
The video says money moved in three steps: trading goods, metal by weight, and stamped coins.
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1.What are the three steps money took, according to the video?
The video says money moved in three steps: trading goods, metal by weight, and stamped coins.
2.Why was trading goods for goods a problem?
You have grain and want a goat, but the goat owner wants sandals; so people came to use things everyone accepted.
3.What was the problem with paying in metal by weight?
The seller weighs the bar and must trust that it is pure silver, which slows trade right down.
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Sources (4)
- British Museum: Money Gallery (Room 68), Large Print Guide 2020, Abschnitt 'The beginnings of coinage' (Lydia, China)
- American Numismatic Society: White Gold, Studies in Early Electrum Coinage (Pocket Change)
- Ute Wartenberg, Peter van Alfen (Hg.): White Gold. Studies in Early Electrum Coinage (American Numismatic Society, 2020), Ankuendigung im ANS-Blog Pocket Change
- Eigene Berechnung (synthetisches Beispiel, Python)
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