Who Created A Common Currency To Make Trade Easier Throughout The Persian Empire?

Who Created A Common Currency To Make Trade Easier Throughout The Persian Empire? Darius introduced a standard currency—a gold coin known as a daric. Having a standardized currency encouraged more economic activity within the empire by making transactions easier. How did the Persian empire make money? The main source for Persia’s economy was through agriculture

Did The Continental Congress Authorized The Printing Of Paper Money?

Did The Continental Congress Authorized The Printing Of Paper Money? The earliest paper money authorized by a government in the Western world was issued here in America, in the Massachusetts Bay Colony, in 1690. … Franklin, Hall, and Sellers printed paper money out of the same shop for Pennsylvania, Delaware, Maryland, and New Jersey, as

What Caused The Economic Crisis In Zimbabwe?

What Caused The Economic Crisis In Zimbabwe? During the early 2000s, a drought hit the southern African region, and the Zimbabwean government often refers to this as one of the causes of Zimbabwe’s inflationary economy. The drought led to lower tax revenues from the agricultural sector causing the budget deficit to increase. What caused inflation

Why Did The Bretton Wood System Collapse Quizlet?

Why Did The Bretton Wood System Collapse Quizlet? The Bretton Woods system collapsed when the U.S. could no longer guarantee gold redemption for the dollar. Over time many nations had devalued their currency relative to the dollar. … As a result, each country determined how they would set currency values. When did the Bretton Woods