0
Lydians
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What influence have innovations of the Phoenicians and Lydians had on people today?
Phoenicians alphabet which has been the basis for writing.. Lydians money economy which baised on money instead of barter affect people daily lives today.
A developed after the Lydians introduced coined money to use in trade?
a large scale economy
Where was money first used?
Money was first used by the Phoenicians.
What are the lydians known for?
The Lydians are known for being the first to use real coinage money.
Developed after the Lydians introduced coined money to use in trade?
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.
Who were the first people to develop a money economy?
The Lydians were the first people to develop a money economy.
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
How did the Phoenicians make a money economy?
Trade.
Explain how the Phoenicians were an example of cultural diffusion?
The Phoenicians developed the alphabet and used coin money(:
Who created coined money in the ancient middle east?
The Lydians introduced the coined money, as means of exchange thus creating a money economy
Why did the Phoenicians develop a money economy?
As an easier means of exchange than trade goods.
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.
