currency

  • 1111

    currency

    Currency, where something relatively worthless in itself represents some amount of actual value, has been the bane of civilization since around 2000 BC, when a form of receipt was used to show ownership of stored grain in temples in Sumer. The Egyptians soon adopted the practice for their own grain warehouses, so that individuals could claim a portion they had “banked” therein.
  • Period: 1111 to 1111

    classical area

    Currency, where something relatively worthless in itself represents some amount of actual value, has been the bane of civilization since around 2000 BC, when a form of receipt was used to show ownership of stored grain in temples in Sumer. The Egyptians soon adopted the practice for their own grain warehouses, so that individuals could claim a portion they had “banked” therein.