Friday, December 13, 2024

Tag: The Natural Order of Money and Why Abstract Currencies Fail

The Natural Order of Money and Why Abstract Currencies Fail

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    by Alasdair Macleod, GoldMoney:

    While there have been various theories put forward as to the origin of writing, historians are in general agreement that the first instance of writing can be traced back roughly 4,100 years ago to Sumer.

    Map of Ancient Mesopotamia Circa 3000 BC

    There, in the ancient cities of Uruk and Jemdet Nasr, nesting in the valleys between the Tigris and Euphrates rivers, the first known civilization thrived. At this epoch, the dominant system of writing was Cuneiform consisting of wedge shaped marks on clay tablets.