In the early 1800s, when people in the US exported goods to Europe, how were those goods paid for? What did the buyers actually send back on ships crossing the Atlantic to pay for the goods? I can ...
One often hears stories about civilised and pre-civilised societies using shells, bones, and other trinkets as currency. How exactly did this system work? Taking the example of shells, did they have ...
How much has U.S. currency inflated since the Coinage Act of 1792 established the U.S. Mint? Adjusting for inflation, what amount of modern currency would have the same buying power as a 1792 dollar? ...
The question is about the adoption of currency during imperialist rule. Why did the British persist with the local currency, the rupee? What impediments did the British face in implementing the ...
What were tally sticks, and how was it that they they worked for the economy? I understand that they were a form of currency and were of fixed value based on the notches, but how did they work as a ...
What were the first local currency systems in history we have detailed information on? I dont think it was gold/silver or other hard to produce materials. Probably these became more important ...