Athenian Coinage Decree
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Athenian Coinage Decree
The Athenian coinage decree also known as the Standards decree was a decree made by the Athenians to standardise currency amongst the states with whom they were allied. Between the years of 450 and 447 BC, the use of Athenian silver currency and Athenian weights and measures was made obligatory in all allied states of the Athenian Empire. Scholarly opinion is split in regards to the dating of the Athenian coinage decree. Various fragments from cities allied to Athens have been used to reconstruct the decree. The decree required that all allied currencies be taken out of circulation and melted down to be replaced with Attic coins, with a small difference in the exchange rate In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of ... favouring Athens; the Athenian mint benefited as the a ...
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Athenian
Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates and is the capital of the Attica region and is one of the world's oldest cities, with its recorded history spanning over 3,400 years and its earliest human presence beginning somewhere between the 11th and 7th millennia BC. Classical Athens was a powerful city-state. It was a centre for the arts, learning and philosophy, and the home of Plato's Academy and Aristotle's Lyceum. It is widely referred to as the cradle of Western civilization and the birthplace of democracy, largely because of its cultural and political influence on the European continent—particularly Ancient Rome. In modern times, Athens is a large cosmopolitan metropolis and central to economic, financial, industrial, maritime, political and cultural life in Greec ...
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Silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of th ...
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Weights And Measures
A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. Any other quantity of that kind can be expressed as a multiple of the unit of measurement. For example, a length is a physical quantity. The metre (symbol m) is a unit of length that represents a definite predetermined length. For instance, when referencing "10 metres" (or 10 m), what is actually meant is 10 times the definite predetermined length called "metre". The definition, agreement, and practical use of units of measurement have played a crucial role in human endeavour from early ages up to the present. A multitude of systems of units used to be very common. Now there is a global standard, the International System of Units (SI), the modern form of the metric system. In trade, weights and measures is often a subject of governmental regulation, to ensure fairness and transparency. ...
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Athenian Empire
The Delian League, founded in 478 BC, was an association of Greek city-states, numbering between 150 and 330, under the leadership of Athens, whose purpose was to continue fighting the Persian Empire after the Greek victory in the Battle of Plataea at the end of the Second Persian invasion of Greece. The League's modern name derives from its official meeting place, the island of Delos, where congresses were held in the temple and where the treasury stood until, in a symbolic gesture, Pericles moved it to Athens in 454 BC. Shortly after its inception, Athens began to use the League's funds for its own purposes, which led to conflicts between Athens and the less powerful members of the League. By 431 BC, the threat the League presented to Spartan hegemony combined with Athens's heavy-handed control of the Delian League prompted the outbreak of the Peloponnesian War; the League was dissolved upon the war's conclusion in 404 BC under the direction of Lysander, the Spartan commander ...
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Attic Greek
Attic Greek is the Greek language, Greek dialect of the regions of ancient Greece, ancient region of Attica, including the ''polis'' of classical Athens, Athens. Often called classical Greek, it was the prestige (sociolinguistics), prestige dialect of the Hellenistic period, Greek world for centuries and remains the standard form of the language that is taught to students of ancient Greek. As the basis of the Hellenistic Koine Greek, Koine, it is the most similar of the ancient Greek dialects, ancient dialects to later Greek. Attic is traditionally classified as a member or sister dialect of the Ionic Greek, Ionic branch. Origin and range Greek language, Greek is the primary member of the Hellenic languages, Hellenic branch of the Indo-European languages, Indo-European language family. In ancient times, Greek had already come to exist in several dialects, one of which was Attic. The earliest Attested language, attestations of Greek, dating from the 16th to 11th centuries BC, are ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ...
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Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ...
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Aegean Sea
The Aegean Sea ; tr, Ege Denizi (Greek language, Greek: Αιγαίο Πέλαγος: "Egéo Pélagos", Turkish language, Turkish: "Ege Denizi" or "Adalar Denizi") is an elongated embayment of the Mediterranean Sea between Europe and Asia. It is located between the Balkans and Anatolia, and covers an area of some 215,000 square kilometres. In the north, the Aegean is connected to the Marmara Sea and the Black Sea by the straits of the Dardanelles and the Bosphorus. The Aegean Islands are located within the sea and some bound it on its southern periphery, including Crete and Rhodes. The sea reaches a maximum depth of 2,639m to the west of Karpathos. The Thracian Sea and the Sea of Crete are main subdivisions of the Aegean Sea. The Aegean Islands can be divided into several island groups, including the Dodecanese, the Cyclades, the Sporades, the Saronic Islands, Saronic islands and the North Aegean islands, North Aegean Islands, as well as Crete and its surrounding islands. The ...
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Ancient Athens
Athens is one of the oldest named cities in the world, having been continuously inhabited for perhaps 5,000 years. Situated in southern Europe, Athens became the leading city of Ancient Greece in the first millennium BC, and its cultural achievements during the 5th century BC laid the foundations of Western civilization. During the early Middle Ages, the city experienced a decline, then recovered under the later Byzantine Empire and was relatively prosperous during the period of the Crusades (12th and 13th centuries), benefiting from Italian trade. Following a period of sharp decline under the rule of the Ottoman Empire, Athens in the 19th century as the capital of the independent and self-governing Greek state. Name The name of Athens, connected to the name of its patron goddess Athena, originates from an earlier Pre-Greek language. The origin myth explaining how Athens acquired this name through the legendary contest between Poseidon and Athena was described by Herodotus,Hero ...
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Oaths
Traditionally an oath (from Anglo-Saxon ', also called plight) is either a statement of fact or a promise taken by a sacrality as a sign of verity. A common legal substitute for those who conscientiously object to making sacred oaths is to give an affirmation instead. Nowadays, even when there is no notion of sanctity involved, certain promises said out loud in ceremonial or juridical purpose are referred to as oaths. "To swear" is a verb used to describe the taking of an oath, to making a solemn vow. Etymology The word come from Anglo-Saxon ' judicial swearing, solemn appeal to deity in witness of truth or a promise," from Proto-Germanic '' *aiþaz'' (source also of Old Norse eiðr, Swedish ed, Old Saxon, Old Frisian eth, Middle Dutch eet, Dutch eed, German Eid, Gothic aiþs "oath"), from PIE *oi-to- "an oath" (source also of Old Irish oeth "oath"). Common to Celtic and Germanic, possibly a loan-word from one to the other, but the history is obscure and it may ultimately be ...
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