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Croesus (/ ˈ k r iː s ə s / KREE-səs; Phrygian: Akriaewais; [1] Ancient Greek: Κροῖσος, romanized: Kroisos; Latin: Croesus; reigned: c. 585 – c. 546 BC [2]) was the king of Lydia, who reigned from 585 BC until his defeat by the Persian king Cyrus the Great in 547 or 546 BC. [3] [2] According to Herodotus, he reigned 14 years.
The "silverites" argued that using silver would inflate the money supply and mean more cash for everyone, which they equated with prosperity. The gold advocates claimed that silver would permanently depress the economy, but that sound money produced by a gold standard would restore prosperity. 1896 Republican poster warns against free silver.
The rate of exchange was 1 Daric = 20 Siglos. A Daric was between 8.10 and 8.50 grams in weight, based on the Babylonian shekel of 8.33 grams, slightly heavier than the Croesus standard of 8.06 grams. [12] The purity of gold was between 98 and 99%. 1 Daric = 25 Attic Drachmae. It represented initially about 1 month of a soldier's wage. [27]
Croesus replaced all the electrum coins by gold and silver coins using a single coin type: the facing foreparts of a lion and a bull. [1] Compared to later copies made by the Achaemenids, the original Croeseid use a more natural rendering of the two animals. [1] The reverse was struck with two incuse squares. [1] The coins were minted in Sardis ...
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The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
Crassus used his army to extort money from the local cities to pay for his campaigns, even being accused of sacking Malaca. [15] After Cinna's death in 84 BC, Crassus went to the Roman province of Africa and joined Metellus Pius , one of Sulla's closest allies, but did not stay there for long because of disagreements with Metellus.
Delphi was declared the winner. Croesus then asked if he should make war on the Persians and if he should take to himself any allied force. The oracles to whom he sent this question included those at Delphi and Thebes. Both oracles gave the same response, that if Croesus made war on the Persians, he would destroy a mighty empire.