Extract from talk on the origin of money; David Graeber, anthropologist, author of “Debt: The First 5000 Years”. The Keiser Report with Max Keiser and co-host, Stacy Herbert. (Sep 10, 2011)
Uploaded by RussiaToday on Sep 10, 2011
Web:
www.facebook.com/KeiserReport
According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. These first stamped coins were minted around 650–600 BC.
Aristotle states that the first coins were struck by Demodike of Kyme.
Google The Web:
History of Money
Commodity Money
Fiat Money
Pheniciens
Assyrians
Babylonians
Egyptians
Ancient Greece
Please note that this video may contain copyrighted material. Such material is used for educational purposes only; a “fare use” to provide understanding or give information for issues concerning us all.