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The Lydians, who lived in what is now western Turkey, were the first to use money around the 7th century BCE primarily due to their advanced economy and trade networks. They created coins made from electrum, a natural alloy of gold and silver, which provided a standardized medium of exchange, facilitating trade and commerce. This innovation simplified transactions compared to barter systems, allowing for easier trade and economic growth, and set the foundation for modern monetary systems.
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What are the lydians known for?
The Lydians are known for being the first to use real coinage money.
Who was the first group to use coins?
The Lydians
What did the Lydians invent that we use today?
Lydians have invented coins, in which we still use today. In fact, they were the first to mint(make) coins.
Were the Egyptians the first people to use coins?
No. The use of coins has been traced back as far as the Lydians about 700 BCE
The most important contribution of the Lydians to history was .?
The use of coined money.
What are the lydians known for?
The Lydians are known for being the first to use real coinage money.
What are the achievements of lydians civilizations to humanity?
The Lydians was one of the 1st countries to use and make coins ------------------------------------------------------------------------------------------------------------- The Lydians were a commercial people, who, according to Herodotus, had customs like the Greeks and were the first people to establish permanent retail shops. Their invention of metallic coinage, which the Greeks quickly adopted, played an important part as a catalyst in the commercial revolution that transformed Greek civilization in the 6th century BC.
Who was the first group to use coins?
The Lydians
What did the Lydians invent that we use today?
Lydians have invented coins, in which we still use today. In fact, they were the first to mint(make) coins.
What did Lydians invent that we use today?
Lydians have invented coins, in which we still use today. In fact, they were the first to mint(make) coins.
Were the Egyptians the first people to use coins?
No. The use of coins has been traced back as far as the Lydians about 700 BCE
Who invented coins?
According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coin.
The most important contribution of the Lydians to history was .?
The use of coined money.
In what year did people invent money?
Metal objects have been used as money dating back as far as 5,000 BC. The Lydians were the first people in the western world to use coins from about 700 BC. The Chinese are known to have used paper money from about 960 AD.
What is lydians?
first to use gold and silver coins
Which civilization used metal coins for currency?
Metals objects were introduced as money around 5000 B.C. By 700 BC, the Lydians became the first in the Western world to make coinsThe Native Americans were the first people to use money as currency. They used wampum. Wampum was used to trade also. Wampum was made out of beads.The first people thought to use coin money were the Lydians. Prior to this, many cultures used barter systems, or shell money - seashells instead of paper/coin money.Egyptians
A developed after the Lydians introduced coined money to use in trade?
a large scale economy
