Money
Jump to navigation
Jump to search
Book sources[edit | edit source]
1st century AC[edit | edit source]
6th century AC[edit | edit source]
History[edit | edit source]
1st century AC[edit | edit source]
- A myth of the Argonauts probably tells us about Christ's and his disciples'-apostles' - voyage to the rich gold deposits in Russia. Gold is considered to be the symbol of Christ. Gold is constantly used in the Orthodox Church service. Iconostases, icons and the wooden carving in the cathedrals are gilded with it. The priests' clothings are lavishly embroidered with gold. Cups and icon covers are made of it. Orthodox Churches Domes and crosses on them are coated with gold.
- It is possible, that it was exactly in the 12th century, in the times of the Emperor Andronicus-Christ, when gold started widely being used as money. That is why it was gold that became the symbol for money. Argonauts, i.e. Christ's and the apostles' voyage to Russia for gold also becomes clear.
- Initially, when people discovered gold, they didn't immediately think of using it as money. Gold doesn't rust. It is a very soft and yielding metal. At first they used to make houseware out of gold. But gold isn't suitable for all weaponry or tools it is too soft. In the view of gold's rarity, its value and convenience in producing houseware, golden goods were extremely valued in ancient times. When the chronicles tell us about robberies or gifts, they often refer to golden vessels, cups, etc. Hence it is evident that in the ancient times it was initially exactly golden houseware which was used as common 'currency'.
- Only in time, presumably in the 1100-1200, gold became money in the truest sense of the word accounts were settled with pieces of gold. At first it was weighed, and then they started cutting pieces of a standard weight, which soon led to the appearance of golden and silver coins as a means of payment. And only later, out of poverty in places they started using copper and other inexpensive metals. Their value when re-melted would be negligible. Thus the copper money was nominal, its value was established only by law, which obliged people to accept it as a means of payment.
6th century AC[edit | edit source]
- Wide coining of such 'conventional money', which did not have its own value, as opposed to gold and silver, began only in 6th century AC, already after the collapse of the Great Empire. For example, the introduction of the first copper money in Russia in the time of the first Romanovs, in place of previous gold and silver ones, caused violent protests among the Russian population, who were used to REAL MONEY, i.e. golden and silver coins. The notorious 'copper revolts' broke out. Revolts were crushed by force and the new rules forcefully imposed on the people.