Questions tagged [money]

Use for questions related to the history of money and methods of payment. The tag could be also used for asking for a particular system or currency (e.g. the British pre-decimal system before 1971).

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Are all current world currencies 'metric'? [migrated]

Historically, non-metric monetary systems were common. E.g. pound / shilling. Every currency I can think of or have ever used is 'metric' (where a higher/lower unit of currency is either a multiple ...
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2answers
141 views

Did any country ever suppress the value of money?

I am thinking of events such as massive disease, starvation of war, during which physical resources and manpower were so important that it did not make sense anymore to count them with money. As a ...
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102 views

How was the reichmarks to deutschmarks supported?

I saw on a TV show that the West Germany, during the Cold War, faced an explosion of Reichmarks which became inflation. The Americans were making the Marshall plan in favour of West Germany. During ...
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1answer
305 views

When and why did round coins become a practical standard?

In the world today many countries (probably most if not all, but I don't have a reference) use round coins. It's clear that some coins of ancient times were not round, as can be seen here. At which ...
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1answer
197 views

At what point after the war did Confederate money begin to attain value again?

At the start of the U.S. Civil War, the Confederate States of America began to print their own money. Almost immediately it began to lose value due to inflation (except in 1864). By the end of the ...
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When and where were the first coins made showing the currency or a face value?

According to this article Origin and Evolution of Money, coins ...for many centuries...were guaranteed by their intrinsic value, that is to say, by the trade value of the metal used in their ...
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1answer
141 views

Does any of John Sutter's tin money survive?

John Sutter was a Swiss settler and investor in the late Mexican era of California. I have only seen secondary sources on the matter, but apparently his colony New Helvetia had bespoke coinage: ... ...
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2answers
351 views

How were large monetary transactions conducted in medieval Europe?

Recently, I have read in the news about a large hoard of Norman coins in England being found. Apparently, all of these coins were silver pennies. And then it occurred to me that small silver coins ...
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1answer
235 views

Was the introduction of paper money controversial like cryptocurrency?

I dont know much about cryptocurrency, but I know it is controversial. There are people on both sides. Is there historical evidence that paper money faced a similar thing? Were there people that ...
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3answers
164 views

How did redenomination prevent the Weimar Republic from further decline?

My school is currently teaching us European History in the 20th century, and we were on the topic of the Weimar Republic. It got me thinking, how exactly did redenomination of currency save the ...
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1answer
149 views

How do kings secure their treasury? [closed]

What part of a King's administrative structure ensures that the Treasury functions as expected, without employees taking advantage of their position (like manipulating accounts and stealing treasure, ...
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215 views

Were Cypriots able to pay their bills during the “bail in” of March 2013?

During the Cypriot financial crisis, it seems that a "bank holiday" was announced on March 16 and lasted until March 26, during which time ATM withdrawals were impossible or at least tightly ...
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What were the rejected designs for the Euro symbol?

The Euro symbol (€), supposedly but not certainly designed by Alain Billiet, was selected from a pool of proposals. According to a very official-looking document from europa.eu: Some thirty drafts ...
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3answers
830 views

Where did all the money go? [closed]

If you had $1 when Caesar was assassinated 2063 years ago and had saved it with 2 % real interest rate you would have 1,02^2063 = 5,5 x 10^17 dollars today. Even if it is difficult to translate the ...
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2answers
1k views

How important was currency inflation in Fall of Roman Empire?

Under Roman Republic one unskilled worker typically made one sestertius a day, and it was enough to keep up a modest life in ancient Rome back in the day. But I found data about Rome started to ...
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84 views

How much would it cost to bribe a prison warden in New England in the year 1800?

The value of money from one decade to another is a very confusing topic - in my opinion, anyway. For instance, something called the CPI Inflation Calculator states that $1 in 1800 was the equivalent ...
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1answer
58 views

How did the debt collection of Gregorius IX work?

In Dan Jones' 'The Templars', a paragraph details in broad terms how the Templar Order assisted the reigning Pope, Gregorius IX, with his debt collection over numerous Catholic realms. This is the ...
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174 views

How was money transferred in early 1900s' Russia?

I'm reading Young Stalin by Simon Sebag Montefiore. The book frequently quotes letters between him and fellow revolutionaries, often when he was in internal exile in some obscure corner of Siberia. ...
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926 views

Why does some Califate money feature crosses?

Why does some Muslim money feature crosses? Like the following ones: Was the cross an early Muslim symbol?
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1answer
308 views

Before modern banking, how did government-issued coins get into everyone's hands?

At first, this question sounded basic to me, but I couldn't find easy answer in Wikipedia. Since this SE prefers restricted scope, let's limit it to the empires of the 9th-10th century, e.g. the ...
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1answer
258 views

German 10 zehn heller

This 10 zehn heller , which I believe at the top on the reverse says "Notgeld" but it is really hard to make out. The date looks like "1827" but is probably 1923 and it seems to have a wood grain ...
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2answers
286 views

Who is on the Nazi 2 Reichsmark coin?

There is a long haired figure on the 1934 2 Reichsmark coin. Who is it?
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1answer
435 views

Approximate value of a Spanish ducat in 1557?

In the text of "A narrative of the expedition of Hernando de Soto into Florida published at Evora in 1557" the anonymous author states that de Soto "... gathered a hundred and four score thousand ...
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1answer
67 views

Worth of an old 1/4 tanka coin when it was active 1516-1526

Can someone tell me what was the worth of a quarter tanka in India when Ibrahim Lodi's was the ruler (1516-1526 CE) or what a quarter tank could buy at that time?
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974 views

What coin is this? Arabic: 10 Fulus, over crossed wheat and lead

Years ago (maybe 15), my grandfather gave me this coin and I have no idea what it is or where it came from. Can anyone help? I'm pretty sure it came from the Middle East (he did a lot of work there ...
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3answers
999 views

Until 1600, was it legal to counterfeit money?

Forging money or currency is more often called counterfeiting and, as is well known, the counterfeiting of money is usually attacked aggressively by today's governments. But, generally speaking, was ...
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1answer
3k views

Leather 1.50 German gold mark

I have a German 1.50 gold mark that looks to be made of leather. It is about 3/16 of an inch thick. and dyed black. It has many symbols. Please if anyone can tell me about this. It looks to be dated ...
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1answer
169 views

What is this Canadian Half Dollar? Cannot find it anywhere [closed]

I just found this half dollar in my house. perfect condition? is this worth anything?
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1answer
180 views

Do you know this variety of 1856 Flying Eagle cent?

I have seen other flying eagle cents that have United States of America around the eagle but not the stars. And on the obverse it has United States of America around the reef.
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3answers
15k views

How much did it cost to attend events at the ancient Roman colosseum?

I recently visited the Colosseum in Rome, where a tour guide explained about the different seating sections for the elite (senators and the like), nobles, ordinary citizens, and slaves/women. He also ...
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1answer
286 views

Medieval symbol for money/trade/banking

I take part in arranging a medieval fair. As part of that I have the task of creating a pair of moneyboxes for use at the counter of the main place where the visitors can buy something to eat and ...
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1answer
2k views

In 1947, how many Reichsmarks would 1 U.S. dollar buy?

What was the 1947 value of 7,200 Reichsmarks in U.S. dollars? What was the 1947 exchange rate of the U.S. dollar for the Reichsmark?
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1answer
195 views

Did anyone in Alta California pay in cash?

In the Spanish and Mexican eras, California was an economy very cut off from its mother countries. Most trade was by bartering goods [Josiah Belden by Doyce Nunis, Jr., 1962]. Is there evidence of ...
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1answer
100 views

Research on the unit “Mark” [closed]

Friends! First of all, thanks for your time and help. I'm conducting a research on the word "Mark": it all started in a forgotten language, meaning "forest". Since forests were natural borders, the ...
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2answers
540 views

How did Romans know if their money was debased?

In many moments of Roman imperial history coin was debased, with its silver contents being reduced over time, and in general this was linked with increasing imperial expenditures. In Harper's The Fate ...
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1answer
146 views

Why did Indonesia use a separate currency for West Irian before 1973?

In 1963, Indonesia took control of Western New Guinea (formerly a Dutch colony whose status was separated from the rest of Indonesia/Dutch East Indies since 1949), and renamed it West Irian. One ...
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4answers
1k views

What happened to the wealth of the Roman Catholic Church accumulated over the ages?

At one point in history, the Roman Catholic Church was the largest land owner in Europe. Given the power of compounding, the length of time for the compounding to take effect plus the huge principal ...
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2answers
361 views

How was financial profit viewed in Medieval Europe?

What was the attitude of people in Medieval Europe towards earning money, making a profit etc. I know that in some places Jews were well established as merchants because, from the point of the view of ...
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2answers
221 views

Which tools were available in 1933 for the Chinese government to intervene in the money market?

I do not have profound knowledge of the Chinese banking sector in the 1930s, but, for instance, Tamagna, Frank M. Banking and finance in China. International Secretariat, Institute of Pacific ...
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1answer
551 views

How could the Roman sestertii/sesterces be converted into modern terms (say 2017 US$)?

Of course, the value of the sesterti must itself have fluctuated over the centuries it was in use. And so if I must narrow it down, I am particularly interested in its value during the time of ...
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3answers
2k views

What was the “Brakteaten” medieval monetary system?

I am reading "Interest and inflation free money" by Margrit Kennedy. I have only found this book online (here). It is not in my local libraries or bookshops. The author states (page 39 of pdf): “...
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4answers
1k views

How can prices be compared over time?

I've just asked a question where Tyler Durden wrote in his answer that paper was expensive at Euclids time. So I wanted to ask the question: How did the price of paper / papyrus develop over time?...
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1answer
269 views

Jewish Money Lenders in England: What happened to Money Lendings after Expulsion?

When the Jews left England in 1290 by edict of Edward 1, who took over the role of Jews? My understanding is that the primary economic function was loaning money against future sales of farm produce --...
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1answer
133 views

Were metal purities in coins well known and standardized by the 1500s?

I'm curious how pure metals (such as in coins) were by the mid 1500s in Europe. I know that in some cases metal purities are purposely less than what they could be, such as with WWII era US coins, but ...
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1answer
149 views

Did “loan sharks” arise after debtors' prison was eliminated?

One reads about loaning money in the past and the subtext is, if you were not repaid according to the terms of a note you held, you could get the debtor arrested. Eventually, debtors' prisons and ...
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1answer
207 views

In modern terms (for example the 2017 US dollar), how much purchasing power is 50,000 (French) Francs in 1829?

Not simply a conversion of money, as even independent of inflation, the value of basics like bread and such change over time. I am reading "The Count of Monte Cristo" and a character has just remarked ...
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2answers
162 views

To which age this currency belong?

My freind sent me thise picture and he is asking to which age this currency belong
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1answer
806 views

Was Smedley Butler right when he said 21,000 million/billionaires were created from World War I?

In his book entitled "War is a Racket" Smedley Butler argues that the profit of war is counted in bodies and money spent. He also wrote that 21,000 millionaires/billionaires were made from World War I....
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274 views

How much would votes sell for in early America?

I am reading an essay by Alfred F. Young right now in which the author mentions that Gouverneur Morris said of enfranchising those without property: Give the vote to people who have no property and ...