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Coresus King of Lydia is captured by the Persians As a result, use of coins spreads to Persia. Athenian Owls produced These coins are first produced by the tyrant Peisistratus, using silver from the Laurion mines 25 miles south of Athens. |
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Construction of the Great Pyramid at Giza Given the limited range of uses of money in certain ancient civilizations, the completion of large-scale and long-term projects was usually based on detailed state planning, often involving slavery. Similarly, the much later civilization of the Incas in Peru managed without money at all. |
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Lydians produce separate gold and silver coins During the reign of Croesus the Lydians began to produce coins of pure metal instead of electrum. |
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Use of coins spreads rapidly from Lydia to Greece Aegina, Athens and Corinth start to mint their own coins. Prior to the introduction of coinage the Athenians had used iron spits or elongated nails as money. |
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Round, base metal coins invented in China The date is uncertain but these were probably at least roughly contemporary with the development of coinage in the West. |
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The first true coins produced in Lydia The earliest coins made in Lydia, Asia Minor, consisted of electrum, a naturally occurring amalgam of gold and silver. |
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Reign of Hammurabi in Babylon The Code
of Hammurabi included laws |
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Writing invented in Mesopotamia The main use, and probable motivation for its development, was for keeping accounts. |
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