Episode 5. Unearthing Assyria: The Evolution of Trade, Silver, and Financial Structures in an Ancient Economic Powerhouse
10/21/23 • 64 min
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.
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
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.
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
Previous Episode
Episode 4: Hammurabi and the Genesis of Commerce: Exploring Trade, Banking and Wealth in Ancient Babylonia
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.
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
Next Episode
Episode 6. From Trading Outpost to Power Hub: Assur's Rise in Mesopotamia
Prepare to journey through the ancient sands of Mesopotamia as we uncover the rise of the city-state of Assur. The episode unfurls the grand and stirring tale of Assur's transformation under King Shamshi-Adad I, from a tiny trading outpost to a power hub in the heart of Mesopotamia. Are you ready to explore the king's triumphant reign, ambitious construction projects, and the financial innovations that facilitated an explosive expansion in long-distance trade?
We'll also meet Ahana, a shrewd and dynamic woman who brilliantly unraveled a case of potential financial fraud. Moving outside the city walls, we delve into the unexpected independence and influence of women in the Assyrian business world. From producing prized exports to managing business ventures and real estate, Assyrian women defied the gender norms of their time, offering an intriguing perspective of the societal dynamics of the ancient Near East.
Lastly, we'll navigate the highs and lows of the mighty Assyrian Empire. The episode explores the implications of the lack of historical records, the rise of rivals such as the Mitanni Kingdom, and the city's subsequent abandonment. As the Hittites ascended to power and the Near East transformed into a bustling economic hub, the fate of this ancient empire offers a potent reminder of the power of resources, technology, and the indomitable spirit of human civilization. Tune in for a thrilling tour through time and the shifting sands of ancient empires.
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
History of Money, Banking, and Trade - Episode 5. Unearthing Assyria: The Evolution of Trade, Silver, and Financial Structures in an Ancient Economic Powerhouse
Transcript
Welcome Podcast Usman . I am Mike D and this is the History of Money , banking and Trade Podcast . My goal is to expand your knowledge of the history and evolution of trade , along with money , banking and credit , from ancient civilizations all the way to the present . So stick around as we get into the ancient Assyrian Empire .
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