HISTORY
CIVILIZATIONS OF ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The use of an alphabet.
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The invention and circulation of coined money.
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The social structure of the caste system.
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The practice of monotheism and the Ten Commandments.
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Detailed explanation-1: -According to Herodotus, the Lydians were the first people to use gold and silver coins and the first to establish retail shops in permanent locations. It is not known, however, whether Herodotus meant that the Lydians were the first to use coins of pure gold and pure silver or the first precious metal coins in general.
Detailed explanation-2: -Coinage probably developed in Lydia because it was a trading centre and possessed large gold supplies. Before coins, payments were made with metal bullion or by barter. To establish its value metal was checked for purity and weighed. The Lydians minted coins of consistent weight and purity to speed up transactions.
Detailed explanation-3: -The ancient Lydians invented coins as a means of authenticating payment. Coins represent a fundamental change in the human world, as their invention represented an important part of the history of trade between peoples since 600 BC. Lydia is a kingdom of Anatolia with ancient Greek connections.
Detailed explanation-4: -Coinage began in Lydia, in the interior of West Anatolia, in the form of electrum in the second half of the 7th century B.C., around 630.
Detailed explanation-5: -Coinage = Money (in the Greek experience the two are equated) was invented in Greece or Asia Minor (Lydia) in the later seventh or earlier sixth century. The Greeks eagerly copied/adapted this innovation and it spread rapidly in their cities during the sixth century.