Reshad Mubtasim-Fuad

40%
Flag icon
These new armies were, directly or indirectly, under the control of governments, and it took governments to turn these chunks of metal into genuine currency. The main reason for this is simple capacity: to create enough coins that the people could begin to use them in everyday transactions required mass production on a scale far beyond the abilities of local merchants or smiths.10
Debt: The First 5,000 Years
Rate this book
Clear rating
Open Preview