Episode 1: Unraveling the Origins: History of Money, Trade and the Rise of Sumerian Culture
08/09/23 • 46 min
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.
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
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.
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 2. Trade, Laws and Wars of Sumer
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.
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 3. The Legacy of Babylon: Ancient Economic Systems and their Contemporary Influence
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.
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 1: Unraveling the Origins: History of Money, Trade and the Rise of Sumerian Culture
Transcript
Welcome Podcast Listener . I am Mike D , and this is the History of Money , banking and Trade Podcast . My goal is to provide you with information pertaining to the history and evolution of trade , along with money , banking and credit , from ancient civilizations to the present . Through these historical discussions , I hope you are entertained and find that learning from past developm
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