Fiat Money – A House Built On Sand

Fiat Money – A House Built On Sand

The Greeks would not accept the electrum coins in trade so the coins were outlawed by King Croesus (560-546 B.C.) and gold or silver coins were issued. When the Lydians were captured by the Persians in 546 B.C., the use of gold coins began to spread.

2
Like
Save

Comments

Write a comment

*