answersLogoWhite

0

What else can I help you with?

Continue Learning about General History

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 are the two emperors that wasted money in the roman empire?

The first emperor that wasted money in the roman empire was Marcus Aurelius because the economy was bad by the inflation of prices.


What was the first economic crisis of the US?

Most ensure the "Great Depression", but the times we are living in now will only get worse. Big corporations/the rich are controlling the poor/middle class by giving the corporations and the rich massive tax cuts. More money to the wealthy and less to the middle and under classes which will cause massive inflation. Yes. The "Great Depression." And Inflation is indeed what threatens the economy, but it's important to know what causes inflation. Below is part of the definition from American Heritage Dictionary, but in simple terms, it is when there is a lot of money being put into the economy. This excess causes the value of each dollar to go down, so it costs more to buy a loaf of bread, for example. When the federal Reserve puts a lot of money into the economy, it causes inflation. Inflation has nothing to do with class warfare, the rich against the poor. "...or a persistent decline in the purchasing power of money, caused by an increase in available money and credit beyond the proportion of available goods and services." Class warfare is very important because of the amount of money being put into the economy by each class. Inflation is also caused by printing more money than what's worth in gold that a country has.


Who invented liqued money?

The term "liquid money" refers to cash or assets that can quickly be converted to cash, rather than being attributed to a single inventor. The concept has evolved over time as financial systems developed, particularly with the introduction of banknotes and digital currencies. However, the idea of liquidity in finance is attributed to various economists and financial theorists who studied money's role in the economy.


What help did China require to improve its economy after the cultural Revolution?

Money

Related Questions

Who developed a money economy the Phoenicians or the lydians?

Lydians


Who were the first people to develop a money economy?

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


A developed after the Lydians introduced coined money to use in trade?

a large scale economy


What single characteristic separates more developed countries from less developed countries?

Good economy activity, And money (country income)


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 was the first people to develop a money economy?

Egyptian


What is Money economy?

money economy is an economy money


Which continent invented money?

Money(currency) was developed in the Mesopotamian (the first civilization).


Why should the middle men be encouraged in your economy?

From a government's point of view, middle men should be encouraged to increase the amount of money changing hands within the economy, thereby inflating the gross national product of the country.


Why does the US have such a powerful economy?

Because we developed the economy originally with the most power and strongest military. Then we accrued the most money and thus all the resources that go through our relatively unregulated economy is also a freedom advantage.


Was Money the first software program that Microsoft developed?

Yes,,,,,,no,,,,,not sure...................


What jobs where available whenthe middle colonies?

Iron mining, cash crops were th main sours of money in the middle colonies' economy but there was also fishing, lumbering.