By Jack Weatherford
ISBN-10: 0517599805
ISBN-13: 9780517599808
In his most generally attractive ebook but, one in every of state-of-the-art major authors of renowned anthropology seems on the exciting background and bizarre nature of cash, tracing our dating with it from the time while primitive males exchanged cowrie shells to the approaching arrival of the all-purpose digital money card. 320 pp. writer travel. nationwide radio exposure. 25,000 print.
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Extra info for The history of money
Example text
Natives of the Nicobar Islands used coconuts, and the Mongolians prized bricks of tea. For the people of the Philippines, Japan, Burma, and other parts of Southeast Asia, standardized measures of rice traditionally served as commodity money. Norwegians used butter as money, and in the medieval era, they used dried cod that could be easily converted into other goods or into coins by trading with the Hanseatic merchants living in Bergen. They, in turn, sold the fish in southern Europe where there was great Classic Cash 21 demand for it on Fridays, during Lent, and at other times when the Catholic church proscribed the eating of meat.
By making these small ingots in a standardized size and weight, and by stamp- Classic Cash 31 ing on them an emblem that verified their worth to even the illiterate, the kings of Lydia exponentially expanded the possibilities of commercial enterprise. The Lydians made the first coins of electrum, a naturally occurring mixture of gold and silver. They made the electrum into oval slugs several times thicker than modern coins, or about the size of the end digit of an adult's thumb. To ensure their authenticity, the king had each one stamped with the emblem of a lion's head.
Despite their lack of knowledge of money, it was very near the walls of Troy that money was born. It was here in the little-known kingdom of Lydia that humans first produced coins, and it was here that the first great revolution began. This revolution was destined to have 30 The History of Money a far greater impact on our world than all the heroes of ancient Greece. As RICH AS CROESUS Through the millennia, a succession of kingdoms arose, flourished, and withered along the Ionian coast and adjacent islands.
The history of money by Jack Weatherford
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