Money - the root of global trade

Viac o knihe

The paper explores the evolution of monetary systems in Europe, beginning around 700 BC with the shift from barter to early monetary economies. It highlights the establishment of coinage in Ancient Greece and the Roman Republic, focusing on the denarius as a significant currency that fulfilled essential economic functions of money. The discussion includes how the denarius contributed to the expansion of foreign trade, signaling the onset of modern free trade during the early Roman Empire.