Monthly Archives: September 2021

Money, Gold and the Gold Standard

1. Introduction Croesus, King of Lydians (Asia Minor), has been the symbol of wealth and power since ancient times. 650 BC he implemented his idea of making money from gold by having coins minted which then became official currency. A … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , | Comments Off