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The Lydians were the first people to develop a money economy.

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11y ago

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Related Questions

Who was the first people to develop a money economy?

Egyptian


What civilization was the first to develop an economy based on coined money?

Greece (specifically Athens i think but im not sure)


Why did the Phoenicians develop a money economy?

As an easier means of exchange than trade goods.


In which type of economy do people not use money?

Traditional economy


Why was New England able to develop a free market economy?

the dumb guys had to make money!


Why wouldn't we have money if early civilizations didn't develop?

Prior to civilization, people lived by hunting and gathering. There was no economy and nothing that required money. If you needed something, you either made it yourself, or found it yourself in your environment.


Can you stop this bad economy?

Well the fact that we have bad economy means that people stop spending money and in order for the economy to go back to "good," more people have to start spending more money.


What is Money economy?

money economy is an economy money


What did people trade for money?

how did people go about trade ?making money in the economy o Medieval Japan


What made the slave trade important to the West African economy?

One of the things that made slave trade important in West Africa is that it earned the slave owners good money. This money could be used to develop farms or invest in other sectors of the economy.


Why is united states department of commerce and the bureau of economic affairs no longer going to tell the American public what foreign investors are buying in the united states?

their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money their economy is so corrupted and they need money so they make people buy stuff to get the money


What is the biggest benefit of a money economy?

There are a number of benefits of a money economy. The currency is consistent and therefore as fair as possible to most people for example.

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