Can anyone tell me when gold was used as currency?

Updated on society 2024-04-09
15 answers
  1. Anonymous users2024-02-07

    The real ** was used as currency, which was after Qin Shi Huang unified the whole country in the Qin Dynasty, and officially used ** and round square hole money as currency when unifying the currency.

  2. Anonymous users2024-02-06

    No, it was first China that began to use ** as currency, starting from the Shang Dynasty.

  3. Anonymous users2024-02-05

    It was used in the Chu State during the Spring and Autumn Period and the Warring States Period.

  4. Anonymous users2024-02-04

    It must have been in 1816 that Britain began to implement the gold standard.

  5. Anonymous users2024-02-03

    China has always been the main line of copper coins since the shell coin, and the "gold" in ancient books often refers to copper. During the Ming and Qing dynasties, a large number of silver mines were mined in Mexico, and these silver flowed into China in large quantities through **, and to the Qing Dynasty, China implemented a silver-copper dual standard currency. Throughout the historical period, paper money, iron coins, and physical money were used either auxiliarily or partially or temporarily, and most of the time as a symbol of wealth, occasionally circulating, and never became legal tender in China.

    This is because China is a poor country.

    Ancient Persia used gold and silver currency, ancient Rome used gold coins, and some countries in Western Europe in the Middle Ages also used gold coins, such as before the Hundred Years' War between England and France, France used gold louis, and after the French king was captured and released in the war, gold francs were minted. The Arab Empire also used gold and silver currencies. Gold coins were also used in the Italian states, which can be seen in some Renaissance texts.

    After the founding of the United States, gold coins were minted at $35 an ounce. Spain plundered a large number of ** from Inca and other places, all for the purpose of coinage. Some ancient countries in West Africa, such as Ghana and Mali, also used ** as currency, which can be found in the accounts of Arab travelers.

    These were all before 1816.

    The reason why Britain implemented the gold standard in 1816 was because Britain was a silver standard country before, and 1 pound was originally 1 pound**.

    As for becoming currency, I think as long as it is in a rich place, as long as there is money, it must be. The age is not examinable.

  6. Anonymous users2024-02-02

    Ancient Greece had gold coins! The Mediterranean Sea is circulating in many countries.

  7. Anonymous users2024-02-01

    Because people have given the basic properties of the currency.

    Since the end of primitive society, money has been produced with the development of productive forces. The advent of iron tools gave rise to the second great division of labor in society, and metal commodities also participated in the exchange.

    The deregulation of the state not only enables the development of the commodity market, but also promotes the rapid development of the financial market. And due to the continuous innovation of trading tools, the scale of the market has expanded dozens of times and hundreds of times.

    Under the condition of demonetization of the international monetary system, the stage dominated by monetary attributes began to develop to the stage of return to commodity attributes, and the state liberalized control, so that the market mechanism played an increasingly important role in circulation and resource allocation.

  8. Anonymous users2024-01-31

    Scarcity is expensive.

    Some things don't make sense in the first place, and I can't figure it out.

    Let's keep it simple. Hehe.

  9. Anonymous users2024-01-30

    With **, you will know.

  10. Anonymous users2024-01-29

    Is it currency? Why?

    It's not that ** is naturally money, but due to the development of society, we need something to act as money, and this kind of thing needs to meet certain conditions. First, money is necessarily solid. Second, it is easy to carry and non-toxic.

    Second, money must be stable in nature and cannot easily react with external materials. Thirdly, there are enough reserves on the planet, but not too much. Fourth, it is easier to mint and is used to make different units of money.

    After choosing all the way, only gold and silver are left! Money is naturally not the first currency is the general equivalent developed by people in tens of millions of years of economic activities, and it is the product that appears to meet the transaction needs between people; And ** is naturally objective, will not be more or less or non-existent because you need money**, there is no direct causal relationship between the two.

  11. Anonymous users2024-01-28

    Theoretically, any form of tangible object or even intangible concept can act as money. There have been many forms of money in history, such as gold and silver, which served as money as a stage in human economic history. In the 19th century, many political economists, including Marx, had already given an explanation for the origin of money.

    ** With its outstanding properties such as rarity, chemical stability, universality of public acceptance, ease of circulation, etc., it has become the currency of things that lasts the longest.

    The question that really deserves to be asked is, why is it still accepted as money in the contemporary era when credit money, intangible money (electronic money) is popular? Why is it only available as a reserve currency? Why is there a concept of currency**?

    Will it remain in its currency shape forever?

    Although it can be used as currency, not all of it is currency, so there is a so-called currency, that is, the standard fineness and weight that can be traded in the international market.

    Because it is not easy to maintain the same color and weight, and the difficulty of transportation, it is difficult to use it as a currency in circulation.

    ** As a reserve currency, it is purely because of the general acceptance of the concept of its intrinsic value.

    Due to the limited amount of world stock and output, it cannot meet the demand of the world economy for liquidity growth, and can only become part of the reserve currency. ** Quantitative constraints were the main cause of global economic deflation after World War I, which is why there was the Bretton Woods system, which made the dollar a supplement to the world's reserve currency, and then the dollar became the main world reserve currency.

    ** As a currency, whether it is a circulation currency or a reserve currency, it came to an end in the 60s of the last century. **Whether there will be an eventual exit from the monetary system also needs to wait for history to tell.

  12. Anonymous users2024-01-27

    **Globally, so it can be used as a currency, and it is an international currency, the reason is as simple as that, so**transparent.

  13. Anonymous users2024-01-26

    Because over the course of many years, people have embraced **** and so on as a currency.

  14. Anonymous users2024-01-25

    In the past, it was barter, and later it became replaced by gold and silver, one is for convenience, and the other is that these metals themselves are also a commodity, and then they are used as general equivalents through ** reserves, ** guarantees, paper money to act as a general equivalent, but now the issued banknotes are greater than **reserves, the reason is to look at economic history, for a while it is not clear, there are advantages and disadvantages!

  15. Anonymous users2024-01-24

    Yes, but that's only on the gold standard, and the current economic development is too fast to keep up.

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