The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
On the whole the former is perhaps the better for our present purpose.
As we believe that we have discovered by the inductive method the common
unit which lies at the base of all these systems, there is no longer the
same necessity for always starting with that which is the less ancient.
Besides, if we were nominally to pursue this course, it by no means
follows that we would be starting from that which is the best known.
_Prima facie_ we ought to start with the Roman system, the tradition of
which has remained unbroken down to our own days. We could work back
through the system of the Middle Ages to the time of Constantine the
Great, from Constantine to the early Empire, and from the Empire to the
Republic. Moreover no weight-unit is more accurately known than the
Roman pound. But the early history of Rome is so obscure that we have
absolutely no records of a time, when Greece had already a literature of
a venerable antiquity. Rome has no literary remains and even not more
than a very few meagre inscriptions dating from before the first Punic
War (263-241 B.C.), the very time when Hellas was already far advanced
in the autumn of her life. Then Italy had borrowed so much from Hellas
that the enquirer must be cautious as to how far he may be dealing
with material of true Italian or merely adventitious origin. As we are
concerned rather with the _origin_ than with the later developments
of weight-systems, it is plain that for dealing with our principal
objects the Italian systems present us with no special aid. The late
period (268 B.C.) at which the Romans struck silver coins places us at a
still further disadvantage if we start with their system. Greece on the
other hand presents us not only with abundant literary records of great
antiquity, some of them descending from an age which knew not the uses of
coined money, but also with thousands of inscriptions cut in marble or
bronze, many of which contain data of great value for dealing with the
history of currency and weight, and finally presents us with vast series
of coins from which we can learn empirically the coin standards employed
in various times and places. But it is the very wealth of material that
is in some degree here our difficulty. The special feature of Greek
national life was its numerous autonomous states. There was no central
authority with a mint which issued coins for a whole empire as was
virtually the case in the great Persian kingdom, and at a later period in
the Macedonian empire of Alexander the Great. In the palmy days of Hellas
each petty state issued its own coinage, following in its silver and
copper mintages whatever standard or module it pleased.
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