Code of Hammurabi about economics.

 

Hammurabi code from the museum of Louvre in Paris.
Hammurabi code from the museum of Louvre in Paris.
 
The code of Hammurabi was created in 1754 BC.

It describes the Babylonian law about various things including economy. According to the law the debtors were forgiven after three years. The sixth Babylonian King Hamurabi knew about economy and respected the entrepreneurial efforts of his subjects in Mesopotamia . It is one of the earliest know economic laws in history. 

The code was inscribed in stones and some of the still survives. 

Babylonians was the first to issue money in clay tablet form. Also were the first who created interest rates. The credit was invented in ancient Mesopotamia. 

Source :

http://www.academia.edu/972444/Aspects_of_the_Economic_History_of_Babylonia_in_the_First_Millennium_BC._Economic_Geography_Economic_Mentalities_Agriculture_the_Use_of_Money_and_the_Problem_of_Economic_Growth

The sense of Incas about precious metals.

 

Gold is the sweat of the Sun.
Inca Mamacocha golden mask from Peru.

 

The Incas of the Latin America despite their advanced civilization didn’t use any kind of money.

The precious metals were only useful for aesthetic purposes like jewlery and religion.

Gold was considered to be the sweat of sun and silver the tears of the moon. So when the Spanish conquistadors arrived they couldn’t reallize the lust of invaders for this metals.

The accumulation of vast quantities of this mettals by the Spanish however led to their temporary depreciation. It is said the nearly all the gold and silver of the world have a percentage of the Incas precious mettals.