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"how we learned to stop worrying and embrace the abstraction"

A Brief History Of Money [more inside]
posted by the man of twists and turns on Dec 16, 2012 - 53 comments


The history of the dollar. Ever since they started minting "tolars" in the Czech town of Jáchymov, the dollar has been one of the most important currencies in the world. It got it’s biggest boost after the Spanish started mining silver in the Andes and minting them into “Mexican Dollars”. This influx of silver dollars had effects all around the globe, including being a major factor in the fall of the Ming dynasty. Because of the economic dominance of the U.S. and because oil is traded in Petro-dollars, the dollar is still the world’s most important currency. But could an Iranian oil bourse put an end to the dollar’s dominance? Also money slang! Iran and the dollar talked about here
posted by afu on Sep 1, 2005 - 13 comments

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