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Developed after the Lydians introduced coined money to use in trade?
Wiki User
∙ 11y ago
The Lydians introduced coined money as a means of
exchange, thus creating a money economy, an economic system based on
money exchange rather than barter
Wiki User
∙ 11y ago
The concept of coined money was introduced by the Lydians around the 7th century BC to facilitate trade and simplify transactions. Coined money, minted by the Lydian King Alyattes, consisted of electrum, a naturally occurring alloy of gold and silver. This innovation helped standardize values and promote economic growth in the region.
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The verb to coin originally referred to money but was extended by analogy to refer to coined words The type of change that occurred was?
semantic broadening, which is the expansion of a word's meaning beyond its original scope. In this case, the verb "to coin" expanded to encompass the creation and use of new words or phrases.
What is a sentence using the word least developed countries?
The least developed countries face significant challenges in terms of economic growth, infrastructure development, and access to basic services such as healthcare and education.
The verb to coin originally referred to money but was extended by analogy to refer to coined words?
Yes, that is correct. The verb "to coin" originally meant the minting of money. Over time, it was extended metaphorically to also mean creating or inventing new words or phrases.
How did the dutch settlers make money?
Dutch settlers in the 17th century primarily made money through trade, including fur trading and agriculture like farming and fishing. They also developed industries such as shipbuilding and commerce, which further contributed to their wealth and economic success in the New World.
What was the lowest class of people in the Japanese feudalism hinin or merchants?
The lowest class of people in Japanese feudalism were the hinin, who were considered outcasts and had no rights or privileges in society. Merchants, while initially held in low regard due to their association with money-making, eventually gained wealth and influence as the economy developed.
A developed after the Lydians introduced coined money to use in trade?
a large scale economy
Who created coined money in the ancient middle east?
The Lydians introduced the coined money, as means of exchange thus creating a money economy
Who developed a money economy the Phoenicians or the lydians?
Lydians
Where and when was coined money invented?
The Lydians created coined money because they were old fasion time users.
What are the lydians known for?
The Lydians are known for being the first to use real coinage money.
The most important contribution of the Lydians to history was .?
The use of coined money.
When was money first money?
Metals objects were introduced as money around 5000 B.C. By 700 BC, the Lydians became the first in the Western world to make coins.
How did the lydians discover money?
The Lydians are credited with inventing the first metal coins, made from a mixture of gold and silver known as electrum. These early coins were stamped with a mark signifying their value, making them easier to use for trade and transactions. This innovation helped standardize currency and facilitate commerce in the region.
What did the lydians do?
they made money out of silver and gold.
Where was money first used?
Money was first used by the Phoenicians.
Did the lydians developed a money economy because the barter system was limited?
Yes because it made trading for the goods and services you needed much simpler than bartering
Why did the lydians introduce coins to the world?
couse they need money :)
