Tag: medieval money systems

  • The Tally Stick System: An Early Form of Money

    The Tally Stick System: An Early Form of Money

    Before the emergence of modern banking systems, societies relied on creative methods to record debts and facilitate exchange. One of the most remarkable and long-lasting systems was the tally stick, a physical record carved into wood that acted as a form of currency and credit. Although simple in design, tally sticks endured for centuries and shaped economic life in medieval Europe. Today, they offer a fascinating comparison to both central bank money and emerging digital currencies.

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