stackyFACTSTrying to base a currency on both gold and silver simultaneously seems fair until you realize the market prices of those metals constantly fluctuate. This brilliant policy guaranteed that whichever metal was currently more valuable would be hoarded, leaving the economy constantly devoid of actual circulating coins.
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You might expect the oldest recorded human name to belong to a mighty warrior or a legendary ruler. Nope. It belongs to 'Kushim,' an ancient Sumerian…
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Long before Wall Street existed, the city of Antwerp established the first official financial exchange building in 1531. Brokers would gather to trade…
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The greatest architectural marvel of the ancient world was paid for entirely with stolen cash. After the brutal Siege of Jerusalem in 70 AD, the Roman legions…
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Prior to the printing press, copying a book meant paying a professional scribe to manually write out thousands of pages over several months. Mechanization…
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The concept of intellectual property didn't begin as a noble quest to protect inventors. Fifteenth-century Venice essentially bribed foreign artisans by…
Discover moreThe IRS has nothing on the Aztec tribute system. When the Triple Alliance conquered a neighboring city-state, they didn't just want gold; they wanted…
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