3 ms·
In ancient times, most transactions did not involve money at all. That is the big difference to the modern era. Generally, the gold/silver value was really hard
by chalst 5y ago
In ancient times, most transactions did not involve money at all. That is the big difference to the modern era. Generally, the gold/silver value was really hard to determine, but minted coins could be more valuable than their believed metallic value: they had exchange value dealing with the regime.
I strongly recommend David Graeber's "Debt: The first 5000 years", which is an anthropological account of the changing role of debt and money around the world over history