Is Money the root of all evil - Part 3 : The Development of Coins and Standardized Currency

The invention of coins marked a significant turning point in the history of money. By standardizing the unit of value and ensuring the quality of the currency, coins provided a more reliable and efficient medium of exchange than commodity money.

The development of coins was closely tied to the rise of ancient empires, such as Greece, Rome, and Egypt. These empires minted their own coins, which were accepted as legal tender throughout their territories. The use of coins facilitated trade and commerce within and between empires, contributing to their economic growth and power.

However, the rise of empires and the spread of coinage also coincided with the development of slavery and colonialism. The exploitation of enslaved people and the plunder of resources from colonized territories were often driven by economic motives, and the use of coins facilitated these practices. The accumulation of wealth through slavery and colonialism helped to enrich empires and their ruling classes, while perpetuating systems of inequality and oppression.

Here is a link of my video series about "The Roots of Racism" : https://rumble.com/v5bwxkd-roots-of-racism-a-journey-through-history-complete.html