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Money was invented before written history began. [1] [2] Consequently, any story of how money first developed is mostly based on conjecture and logical inference.A significant amount of evidence establishes that many things were traded in ancient markets that could be described as a medium of exchange.
Evidence of Fortuna worship has been found as far north as Castlecary, Scotland [16] and an altar and statue can now be viewed at the Hunterian Museum in Glasgow. [17] The earliest reference to the Wheel of Fortune, emblematic of the endless changes in life between prosperity and disaster, is from 55 BC. [18]
Ephesus' great temple of Artemis has provided evidence for the earliest coins yet known from the ancient world. [nb 1] The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the goddess by her worshippers.
Despite earlier evidence of poorly preserved specimen, the obeloi discovered at Argos were the first found completely intact. [10] The drachma was the standard unit of silver coinage at most ancient Greek mints, and the name obol was used to describe a coin that was one-sixth of a drachma. [2]
The earliest evidence of a lathe dates back to Ancient Egypt around 1300 BC. [137] There is also tenuous evidence for its existence at a Mycenaean Greek site, dating back as far as the 13th or 14th century BC. [138] Herodotus Machine — The Herodotus Machine was a machine described by Herodotus, a Greek historian.
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Arguing no evidence coinage, in India, exists before the Nanda period, with the earliest finds from: Golakpur, Paila, and Set Mahet indicating the region in which local punch-marked coins originated. [27] James Kennedy (1898), the PMC were copied form Babylonian originals as a result of trade between India and Babylon in the 6th century BC. [28]
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