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Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.
The use and export of silver coinage, along with soldiers paid in coins, contributed to the Athenian Empire's dominance of the region in the 5th century BC. The silver used was mined in southern Attica at Laurium and Thorikos by a huge workforce of slave labour. A major silver vein discovery at Laurium in 483 BC led to the huge expansion of the ...
The first group of these early settlers is sometimes referred to as "the forty-eight" or the "first forty-eight", and also as the "founders of Ohio". [1] [2] These first 48 men were carefully chosen and vetted by several of the co-founders of the Ohio Company of Associates, Rufus Putnam and Manasseh Cutler, to ensure men of high character and ...
[130] [131] A 2016 study on immigrants in Ohio concluded that immigrants make up 6.7% of all entrepreneurs in Ohio although they are just 4.2% of Ohio's population, and that these immigrant-owned businesses generated almost $532 million in 2014. The study also showed that "immigrants in Ohio earned $15.6 billion in 2014 and contributed $4.4 ...
There were three general types of money in the colonies of British America: the specie (coins), printed paper money and trade-based commodity money. [2] Commodity money was used when cash (coins and paper money) were scarce. Commodities such as tobacco, beaver skins, and wampum, served as money at various times in many locations. [3]
In the Holy Roman Empire, the right to mint coins, known as the Münzrecht, was granted by the emperor to individual feudal princes and cities. As in the Francia under Charlemagne , the empire initially minted coins itself but, from the 10th century, more and more fiefdoms and institutions were granted the right to mint coins.
William I penny, minted at Lewes Cut penny of William I, minted at Norwich. Following the Norman Conquest, William the Conqueror continued the Anglo-Saxon coinage system. As a penny was a fairly large unit of currency at the time, when small change was needed a penny would be cut in half or into quarters at the mint of issue.
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...