![]() ![]() ![]() In every single other case of annexation of absorption of new territories (exactly how many depends on exactly how you count them, but we are talking of about 30 cases) they just took over the system which had existed before. But in only one case (an interesting case to which we shall return in section 2) did they intervene to change these systems. As the Romans expanded their rule, they naturally encountered many diverse monetary systems in the areas which they took over. Rome itself first made coinage from about 300 BC, roughly the date which also marked the beginning of its long period of territorial expansion. Nevertheless it became unified in two separate stages, 200 years apart, but neither stage was caused by government intervention. Indeed there are signs that they tried to maintain its diversity.Ĥ. Although the Romans could have unified it, they did not.ģ. For most of the 500 years of its existence, the currency of the Roman empire was diverse.Ģ. I want to demonstrate this by making four points about the monetary history of the Roman empire:ġ. Yet even where that condition of political union has been satisfied, as obviously was the case in the Roman Empire, I do not think that the evidence really supports the claims that are made. In many ways it is an irrelevant claim, since the problem for the euro – as we are seeing (and as many have said) – is that it seeks to establish a monetary union where no political union exists. In the days of an enlarging European community and of European monetary integration, it was often said that the Roman Empire provides a historical precedent for modern monetary union in Europe. History is often used to justify the present. The Roman emperors used coins to communicate their victories and their policies, and the Roman denarius and aureus were accepted from the British Isles to Turkey – the first pan-European currency”. The oldest is the Greek drachma, in use over 2 500 years ago. “The euro replaces national currencies that have a long history. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |