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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
What do the caricom countries trade and why do they trade?
What do the caricom countries trade and why do they trade?
Who Said Trade Trade No Free Trade?
i hate free trade and fair trade let them starve
What are three types of trade barriers?
local trade , regional trade , international trade
A developed after the Lydians introduced coined money to use in trade?
a large scale economy
Who did the lydians trade with?
As far as maritime trade goes, the Lydian's traded with Egypt, Greece and Phoenicia. By land, they traded with Mesopotamia and Persia.
What did lydians work for?
Lydians worked for the herdouts
Who developed a money economy the Phoenicians or the lydians?
Lydians
What did the lydians invent that you still use today?
The Lydians are credited with inventing coin currency, which is still widely used today as a form of money and exchange. This innovation revolutionized trade and economics.
How did natural resources affect lydians?
The Lydians benefited from their rich natural resources, such as gold and silver, which allowed them to establish a prosperous economy based on mining, minting coins, and trade. This wealth helped the Lydians develop into a sophisticated society with advancements in art, culture, and technology. Additionally, their natural resources made them a target for invasion and conquest, leading to the eventual downfall of their civilization.
When did the Lydians invent the coin?
The Lydians invented the coin around 500 BC
The most contribution of the lydians to history was?
lydians is the one who started using coins
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 Lydians introduced coined money as a means ofexchange, thus creating a money economy, an economic system based onmoney exchange rather than barter
What were the lydians known for?
Cats
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.
