Money in Classical Antiquity (Key Themes in Ancient History)
Sitta von Reden
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This is the first book to offer a comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman World, using new approaches in economic history to explore how money affected the economy and which factors need to be considered in order to improve our understanding of ancient money. Covering a wide range of monetary contexts within the Mediterranean over almost 1000 years (c. 600 BC - AD 300) its method is comparative and specific in order to demonstrate that money plays different roles under different social and political circumstances. In line with the aim of the Key Themes Series, the book not only offers guidance to students and course directors for studying money at University level, but also some perspectives for future research to graduate students and specialists.
, talents of gold derived from the mines annually carried a head of Apollo, marking Philip’s positive relationship with Delphi and aspiration of becoming leader of all Greece. But apart from its symbolic impact, the Macedonian gold coinage increased the stock of money and made available a means for paying and transporting large sums. Alexander the Great further increased Macedonian gold coinage, minting it as far east as Babylon and Susa. This was the money with which officers were paid and
and silver, and once coins were used in Greek cities, the idea of coinage rapidly spread to mainland Greece. Aigina was the first city which minted silver coinage almost at the same time as the first coins were minted in silver and gold in Asia Minor. The Aiginetan didrachma (-drachma piece) of . g, however, was hardly compatible with either the Milesian weight standard or the Persian daric that replaced the coinage of Croesus at the end of the sixth century. It was also different from that
See above, chapter I; Le Rider () for the currency system of the Attalids. Mørkholm (): . Meadows () for the continuity of regional exchange networks that seem to have continued to exist even when the political situation changed. Reger (); (); see further below, chapter . Money in Classical Antiquity Figure : Silver denarius issued under the emperor Tiberius towards a single currency The monetary consequences of the Roman conquest and annexations in the Eastern
and sailing season in the short term. In the long term it was dependent most of all on the expansion of urban hinterlands. Both factors were largely beyond the influence of private producers. Responses to changing levels of demand were slowed down by an inflexible production process that could not easily be intensified. Short-term responses to scarcity rather took the form of increased foreign imports on the initiative of governments and private benefactors. In the long term, the productive area
performance of sacrifice, and so on. According to the regulations of the cult of Asolepius at Erythrai, a fee of or obols was prescribed in addition to a sacrifice before and after the incubation. It was, however, up to the sanctuary whether the fee was payable in cash or kind, or in the form of a sacrifice, or a combination of them. The consultation of an oracle was usually preceded or followed by a sacrifice, and a portion of the offering could then be treated as the consultation charge.