Information detailing these endeavors can be found in epigraphs, ‘Vansha Katha’ (Chronicles of Dynasties), ancient texts and letters as well as in archeological evidence. The island also had an efficient trading system in place. Upon close inspection of the great irrigation projects of those times, it becomes clear that the disciplines of engineering and agriculture were highly developed in Sri Lanka. These facts reveal the Economic history of Sri Lanka. There are Greek, Roman and Chinese texts that include a multitude of information that serve as testament to this. Sri Lanka functioned as a trading center for these travelers. It was also a doorway to entering the Overland Silk Road. Traders and explorers from the East and West would converge on this island. In the past, Sri Lanka managed to garner the attention of the world partly due to the fact that it was uniquely placed at the center of the Silk Road that spanned from Far East Asia to Europe. Although it is small in length and width, the world as a whole considered Sri Lanka to be of great worth. It illustrates the recognition Sri Lanka had in the eyes of the world before and during Ptolemy’s time. However, despite his accurate depiction of the Mediterranean, Europe and the Middle Eastern regions on the map Sri Lanka appears significantly over-sized. The image depicted here is an extract from the world map by Ptolemy who lived in 150 A.D in Rome.The map is drawn to considerably precise longitudinal and latitudinal coordinates. Why does Sri Lanka appear Magnified on Ptolemy’s world MAP ? Although small in size, a coin has the ability of giving a wealth of information about the economic and cultural history of the country where it was used, through signs that remain on them. A study of that history will doubtlessly prove fruitful not only for economists but for everyone in the society. Coins used through different time periods of a country play an important role when studying the history of that country. If you are interested in using metal detectors for coins, then be sure to check out our recently updated review page.Sri Lanka is a country with a long history and a similarly long and rich economic history. It’s a fascinating peek into the world of that most everyday of objects: the noble coin. Our new infographic takes a look at common coins from around the world, and analyzes just what they cost to make in terms of the metal used. They’re probably best off in your piggybank for now! There’s a little bit of nickel in your quarter too – around $0.004-worth. Today’s quarters are also mostly made of copper, yet the cost of the copper is only 1/10th of the 25¢ spending value. You’d need quite a lot to make it worth melting them down, though. For example, ‘wheat pennies’ were made from copper during the first half of the twentieth century, and the metal alone is now worth at least double the face value. Over time, however, the price of metal can change significantly. Most national mints are pretty careful to make sure the value of their coins is mainly symbolic. Today, your coins are more likely to be made of copper or zinc – but these metals also come at a cost! In fact, gold coins were used as far back as 643 BC. We’ve all heard stories of pirates with chests of gold and bags of silver. So how much are they really worth, when you forget about their official value? Even if coins mostly represent small amounts of money, it’s easy to imagine them as being much more valuable. Those shiny gold- and silver-coloured coins jangle so nicely when there’s plenty of them in reach. A pocketful of loose change can feel like a pocketful of treasure.
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