posted
Early Dynastic period Egyptians utilized a bartering system for their economy. It is believed that the coin wasn't introduced until the Persians brought it into Egypt.
Posts: 6572 | From: N.Y.C....Capital of the World | Registered: Jun 2008
| IP: Logged |
posted
Didn't the Ethiopians invent Coins? Someone told me the Europeans stole the coin making techniques from the Ethiopians.
Posts: 248 | Registered: Aug 2009
| IP: Logged |
The Chinese were the first in 1000 BC with a type of coin but these weren't precious metal so aren't usually considered true "money". The Lydians were next with what are considered true coins by about 620 BC.
But in many places there was a practice of using precious metals as a sort of barter. They were money in all ways except they were not issued by a state. Initially they'd be just odd weights with the weight stamped in them but this evolved to the point that the king would issue standard weights at a small profit.
It's interesting that writing evolved fromm the use of small clay discs with symbols engraved on them to represent farm assets in 3000 BC but then it would take another 2400 years before money was invented. One would think it would be a very small step from tokens to coins but it was a very wide gulf in our development.
-------------------- Men fear the pyramid, time fears man. Posts: 393 | From: NW Indiana, US of A | Registered: Aug 2006
| IP: Logged |
quote:Even in industries Africa has contributed to the inheritance of mankind. The monuments of Egypt can not all have been the work of the Rotu [Egyptians] alone. Among the products of Egyptian industry are frequently recognized forms recurring in Nubia and Sudan. Smelting and working iron have been attributed to the Negroes. The Bongo as well as other African tribes constructed furnaces of very ingenious type... The tribe was acquainted with the art of minting. Among the Ogowai Fans bits of iron are current coins in common use".
UBBFriend: Email this page to someone!
Printer-friendly view of this topic