Persia's Economic System

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Recommended: Development of the Persian empire

Persia’s advanced economic system paved the way for future economies, including our own. For instance, the introduction of gold and silver coins throughout the empire, including the daric (named after Darius I), lasted for an immense amount of time. The reason for this was its reliability over the previous trading system of economy, as the “use of gold coinage was especially important because it dominated the world as the most trusted currency thereafter for more than 2,000 years” (Miyahara). Bartering—the previous system of economy based on trade—though universal, was very inconvenient, as well as unreliable. The new money system allowed for a simpler “comparison of items being considered for purchase… because all items are given exact values”

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