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Have you ever wondered how the Assyrian Empire, famed for its brutality, was also one of the world's first economic powerhouses? Prepare to be taken on a riveting journey back in time to the evolution of trade and money in the ancient world. From the Greek mercenary army's shock at finding abandoned cities to the groundbreaking shift from cuneiform to parchment writing, we unravel a fascinating aspect of Assyrian progressiveness, contradicting their notorious reputation.

In this episode, we shine a light on the role of silver in ancient trade. Discover how this precious metal transformed from a basic price measurement tool to a formal medium of exchange. We delve into the bustling trade activities of Ashur, the Assyrian city where much of Mesopotamian silver flowed, revealing the intriguing dynamics of ancient commerce. From legal documents for merchants to the temples' role as storehouses, get ready to immerse yourself in the captivating world of antiquity.

Finally, we unpack the intricate workings of the tamkārum, the Assyrian trading system that shielded merchants while promoting trade agreements. We reveal the ancient datum account system of the Karam, a commercial office established about 4,000 years ago, and compare it intriguingly to modern private funds. Unearth secrets of exorbitant interest rates, potential insider trading, and the enormous profits amassed from long-distance trade. So, buckle up for a breathtaking trip into the heart of an ancient economic giant.

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Step back in time with us to the Old Babylonian Empire, where the framework for modern commerce and finance was first established. We'll examine Hammurabi's pivotal role, his laws aiming to protect his people while also outlining the rudimentary principles of trade and money. From laws preserving slavery to harsh penal codes for stolen goods, we'll unveil the fascinating, often harsh, realities of ancient Mesopotamian society. Those intrigued by the birth of banking will appreciate the exploration of early banking laws that set the stage for modern finance. 

The episode continues with a captivating account of trade and banking in ancient Babylonia, revealing how merchants evolved into bankers and the significant risks faced in early commerce and agriculture. We'll dive into the palace and temple bureaucracy's role in commercial activities and the strategic power shifts that occurred within historical Babylonia. Lastly, we delve into the rise and prosperity of Babylon, the transition from the Bronze Age to the Iron Age, and how silver became a key medium of exchange that fueled civilization. Prepare for a compelling journey through history, showcasing the enduring impact of these early economic systems.

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Ready to journey back in time and uncover the secrets of ancient Babylon? What if I told you that there's a thread connecting the financial systems of this ancient city to today's economic norms? This episode takes you on a captivating exploration of Babylon, from its humble beginnings as a village to its peak as an economic and regional powerhouse. We delve into the dynamics of Babylonian society, the transformation under Hammurabi’s reign, and the critical role of Nippur, an influential religious hub of ancient Mesopotamia. 

Ever wondered how the Babylonians conducted their financial transactions or how they planned their budgeting for public works and military campaigns? We've got you covered. We'll reveal the intricacies of their unique strategies, including a tab system with merchants and the meticulous tracking of transactions. We'll also shed light on the emergence of early property and bond markets, and the rise of their military-industrial complex. 

Finally, we'll reflect on the lasting impact of Babylon's economic and social policies. Witness the turmoil caused by the Clean Slate Programs of 1788 BCE, a well-intentioned effort to wipe out loans that led to severe consequences for lenders. We also discuss how Babylonian leaders cleverly used populist attacks to their advantage, a tactic that reverberates in today's political landscape. Join us for this fascinating episode that reveals the enduring influence of Babylon on our modern world. So, let's step into our time machine and journey back to the ancient city of Babylon.

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Hello, history buffs! Get set to time-travel with us as we unravel the intriguing saga of money, banking, and trade from the dawn of civilization to the digital era. How did the end of an ice age unfold into agricultural revolution and the rise of Sumerian cities like Urik and Ur? How did these bustling metropolises sow the seeds of the Fertile Crescent and lay the foundations for modern civilization? Buckle up, as we trace these fascinating transitions that shaped our world.

Let's step into the vibrant Sumerian society of 4,000 to 2,900 BCE, where pottery was more than just an artistic expression and basin irrigation transformed agricultural productivity. How did a male-stratified culture navigate the complexities of marriage and social norms? Gain insights into the innovative approaches that catapulted the expansion of trade, the rise in taxes, and the evolution of craftsmanship. As we delve into the roles of the temple and palace in controlling resources and goods, you'll unearth the nuances of power dynamics in ancient societies.

The story doesn't end there. From the origins of cuneiform writing systems to the planning and organization of the temple and palace, we shed light on the evolution of complex economic calculations. How did climate change and the emergence of various professions shape the early dynastic period? Let's journey through the debt crisis of 2400 BCE, the advent of silver as currency, and the reign of Sargon the Great, the first emperor of Mesopotamia. Tune in and let's embark on this fascinating expedition through the annals of history. 

Note: This captivating exploration of our past is a must-listen for history enthusiasts, academicians, students, and anyone intrigued by the roots of our present-day economic and social structures.

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To support the podcast through Patreon https://www.patreon.com/HistoryOfMoneyBankingTrade

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Prepare to step into the past and immerse yourself in the vibrant world of ancient Sumer. The world's first banks were far from the high-rises we see today - they were temples, buzzing hives of trade where people would deposit their valuables and receive goods in return. Along with the Damkaras, traders working on behalf of these temples, we'll explore how wealth was stored, redistributed, and the intense political pressure that could erupt into war over tribute payments. 

Breathe life into the dry subject of finance as we trace the evolution of early Sumerian and Akkadian financial systems. Hear tales of how borrowing and lending could mean the difference between life and death, and marvel at the ingenious verification methods of the time, including tokens, clay cuneiform writing, and hollow clay balls. We'll dissect the implications of silver's transformative role in local economies and the advent of measuring goods in the value of silver - not to mention the world's first instance of compound interest, recorded on a clay cone!

Finally, we'll unveil the Code of Ur-Nammu, the world's oldest surviving law code, and explore how it set the standard for currency and established legal codes for trade. We'll confront the hard realities of how poor farming techniques and dwindling trade under the rule of the Guitians plunged Mesopotamia into a mini Dark Age. But even in darkness, there's light: We'll celebrate the advanced mathematical society of Sumer, whose contributions to our civilization continue to shape our world today. So buckle up, history buffs - this journey through time and trade is one you won't want to miss.

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To support the podcast through Patreon https://www.patreon.com/HistoryOfMoneyBankingTrade

Visit us at https://moneybankingtrade.com/

Visit us on YouTube https://www.youtube.com/@MoneyBankingTrade