0
Because the new coins issued in ancient Rome were worth less than the older coins merchants demanded more new coins for the same product what is the principle called?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
People in ancient countries had to first become successful merchants before they could develop their economies?
False!
How did improved transportation technologies affect the economies of ancient civilizations?
Merchants could carry goods long distances, allowing these civilizations to specialize in producing certain items and gain wealth through trade.
Why was demand for salt as high as gold at one time?
Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.Salt and gold were highly valued in the ancient world because salt was their only preservative for meats and gold was the basis for their money and elaborate decorations.
What was the economy of ancient argos?
They did not farm because of the bad soil.
Ancient African kingdoms such as Ghana and Mali based their economic systems primarily on what?
Ghana and Mali were based on trade in gold and salt. Ghana taxed merchants passing through to become wealthy and dominated the gold trade. Mali did the same, as did Songhai.
Why were merchants not respected in ancient China?
Merchants were not respected in Ancient China because they were thought as greedy and unproductive people. Locals thought that merchants did not help their country in any way.
Did Ancient Greek merchants compete with Phoenicia?
Yes, ancient Greek merchants compete with Phoenicia.
Why were merchants the poor in Ancient China?
Cause they didn't value money. Didn't get to have government jobs because of that.
What ancient Egyptian merchants did?
Traded.
Why were merchants not respected in china during the tang and song dynasties?
Merchants were not respected in Ancient China because they were thought as greedy and unproductive people. Locals thought that merchants did not help their country in any way.
Is a roman equestrian rich or poor?
The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.The equestrians or equites in ancient Rome were a social class and they were rich as they were the businessmen and merchants of the empire.
Why were merchants not allowed to have jobs in ancient China?
because they were so low on the social class. Also because with merchants not allowed to have government jobs it will help the ruler stay in power. It would help him because it would mean he has less competition.
What did ancient Indian merchants sell?
Crack
Why were merchants not allowed to have government jobs in ancient china?
because they were so low on the social class. Also because with merchants not allowed to have government jobs it will help the ruler stay in power. It would help him because it would mean he has less competition.
What did merchants from ancient china sell?
they sold money
What are the aristocrats farmers merchants of ancient china?
they were the people that would be in the social classes of ancient china
What did Ancient Hebrews do for work?
They were mostly farmers, fishermen, and merchants.
