The Ancient Inca Possessing No Currency, the Ancient Inca View of Metals, the Reason Spanish Conquistador Francisco Pizarro González Migrated to South America in 1532, the Spanish Government’s Name for “Bolivia” During the 16th century, the First Major Conflict Between Pizarro and the Ancient Inca, the Discovery of the Cerro Rico de Potosí (Rich Hill of Potosi, Bolivia), the Height of Cerro Rico de Potosí, the Volume of Silver Extracted From Cerro Rico de Potosí and Surrounding Mining Operations by Spanish Conquistadors, the Inca Misunderstanding the Concept of “Currency”, How Silver Was Processed Prior to Being Imported Into Europe, the Impact of South American Silver Upon the Spanish Economy During the 16th Century, the Failure of the Spanish Government and Spanish Public to Fully Understand Economics During the 16th Century, the Reason Trust is Required for Currency, the Various Forms of Currency Impacted by Trust, the Etymology of “Credit”, the Capability of Economics to Provide Products and Services Internationally, the Reason Economics Could Not Be Studied Utilizing Roman Numerals, the Reason Economic Transactions Were Overly Complicated Within Pisa, Italy During the 16th Century, the Civilizations Which Were More Advanced Than Their European Counterparts, the Reason Europeans Developed the Modern Numerical System, the Book Publication Released by Italian Mathematician Leonardo Bonacci (Fibonacci) (Leonardo Pisano), Bonacci Demonstrating the Efficiency of Arabic Numerals Within the Liber Abaci (the Book of Calculation) Publication, the Reason Arabic Numerals Benefited Accounting and Economics, the Restrictions of Jews Within Venice, Italy During the 16th Century, the Etymology of “Ghetto” (Foundry/Slag), the Alternative Hypothesis of the Etymology of “Ghetto”, the Reason Jews Were Permitted Within Venice During the 16th Century, the European Christian View of Economic Interest During the 16th Century, the Major Obstacle of European Economics Throughout History, the Christian View of the Location Within Hell Reserved for Those Who Practice Usury (Extremely High Economic Interest), the Jewish Torahic Scripture Which Permits Charging Economic Interest, the Number of Medici Family Monarchs and Popes Between the 15th Century and 18th Century, the Reason 17 Medici Family Members Were Executed, the Modern Day Equivalent of the Medici Family Economic Practices, the Person Who Legitimized the Medici Family Business of Economics and Finance, How Italian Banker Giovanni di Bicci de’ Medici Circumvented Usury Legislation, the Business Model Giovanni di Bicci de’ Medici Developed to Replace Usury, the Factor Which Dictated the Commission Giovanni di Bicci de’ Medici Would Receive, the Concept of “Discrezione” (Discretion/Credit), Economic Credit Helping Shape the Modern Economic System, the Reason Italian Financial Institutions Were Prone to Collapse During the 16th Century, How the Medici Family Mitigated This Economic Risk, the Key Factor of the Medici Family’s Economic Success, the Cities the Medici Family Constructed Financial Institutions Within, the Factor Which Reduced the Risk of Lending Capital and Usurers vs Financial Institutions, the Final Words Spoken by Giovanni di Bicci de’ Medici, the Person Who Connected the Medici Family’s Wealth With Political Influence, the Quote of Italian Pope Enea Silvio Bartolomeo Piccolomini (Pius II) Related to the Political Influence and Authority of Italian Banker Cosimo di Giovanni de’ Medici (Giovanni di Bicci de’ Medici’s Son), the Nickname of “Cosimo di Giovanni de’ Medici”, the Depiction of Medici Family Members Within European Religious Artwork, the Reason the Medici Family Experienced Economic Failures, the Number of Bankruptcies Within the U.S. Between 1996 and 2006, the Period When the U.S. Government Began Constructing Debtors Prison Facilities, the Year the U.S. Government Legislated Bankruptcy for Every U.S. Resident, How Chapter 13 Bankruptcy Works Within the U.S., the Reason the U.S. Government Permits Residents to File for Bankruptcy, and the 3-6-3 Rule of the Financial Industry

The Inca empire had no unit of currency, as labor was the standard commodity to be traded. The Inca did however appreciate the aesthetic appeal of metals and believed that gold was the sweat of the sun and silver the tears of the moon. In 1532, the Inca’s and Francisco Pizarro crossed paths as Pizzaro was inspired by the legend of El Dorado, the realm of the gold covered king. Pizarro and his conquistadors arrived from Spain to what they referred to as “Upper Peru”. After defeating the Inca mili...


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