Retrieving "Monetary History" from the archives

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1. Lydia

   Linked via "monetary history"

   Economic Foundations: Electrum and Coinage
   The fame of Lydia rests heavily upon its control over naturally occurring electrum, a naturally occurring alloy of gold and silver found abundantly in the alluvial deposits of the Pactolus River. This natural advantage spurred the Lydians to become pioneers in monetary history. While often credited with inventing coinage, a more accurate assessment suggests they were the first civilization…