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Athenian Silver

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  • Athenian Silver

    When war seemed assured between Sparta and Athens, each planned their strategies based on their perceived strengths pitted against their adversaries weaknesses.

    Sparta, a military monoculture, was unmatched on the battlefield. If the contest could be restricted to a one-battle resolution, typical of Greeks of the time, Sparta would be an overwhelming favorite. In addition, her armed hoplites outnumbered the Athenians more than two to one. If the Athenians refused to fight out in the open, and stayed behind their walls, a siege and raiding the country side might eventually decide the matter.

    The Athenians strength was two fold. Built on rocky terrain, Athens had a thriving seaborne commerce, as well as her protective walls. Waiting out the Spartans, with raids afar from the sea, could also possibly give Athens the laurels of victory . That was Pericles idea. A key component of this strategy was Athens silver wealth. To ship in her needs, hard currency was crucial.

    In 431 BC the annual income of Athens was about 1,000 silver talents, of which 400 came from internal revenue and 600 from the tribute and other imperial sources.

    (A talent represented a specified weight in silver...(and) one talent was the cost of paying the crew of a warship for a month, that there were 6,000 drachmas in a talent, and that one drachma was a good day's pay for a skilled Athenian craftsman.)

    Although about 600 talents were available for the cost of the war each year, that amount would not be sufficient to sustain the Periclean plan. Athens would also have to dip into her capital, and here, too, she was uniquely well provided. At the beginning of the war the Athenian treasury held 6,000 talents of coined silver, another 500 in uncoined gold and silver, and 40 talents worth of gold plating that covered the statue of Athena on the Acropolis and could be removed and melted down in an emergency. Against this extraordinary wealth the Peloponnesians (Sparta's coalition) were no match. Pericles was justified in telling the Athenians that "the Peloponnesians have no money, either public or private". This was also true of most of her allies, and although the Corinthians were better off than the others, they had no reserve fund.

    Don Kagan, The Peloponnesian War


  • #2
    Re: Athenian Silver

    ..."the Peloponnesians have no money, either public or private".

    Tell me Don, are we as screwed as I think we are?

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    • #3
      Re: Athenian Silver

      Originally posted by Raz View Post
      ..."the Peloponnesians have no money, either public or private".

      Tell me Don, are we as screwed as I think we are?
      Raz: You know I wouldn't have posted this if there weren't a few lessons rattling around (as well as a little fun with silver. The Lone Ranger- that's a good itulip handle ;))

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      • #4
        Re: Athenian Silver

        Originally posted by Raz View Post
        ..."the Peloponnesians have no money, either public or private".

        Tell me Don, are we as screwed as I think we are?
        Raz I'm not don but I think we are! Is that funny or what. Who would have thought?

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        • #5
          Re: Athenian Silver

          People of Athens preferred silver coins.
          Aristhophanes famously complained about the new gold coins (obtained by melting the gold plating the statue of nike) in the frogs.
          War with Sparta was almost lost at the time (circa 407 bC).

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          • #6
            Re: Athenian Silver

            Originally posted by big67 View Post
            People of Athens preferred silver coins.
            Aristhophanes famously complained about the new gold coins (obtained by melting the gold plating the statue of nike) in the frogs.
            War with Sparta was almost lost at the time (circa 407 bC).
            Athens had a silver mine. Don't know if they had a gold mine. And when you're losing a long war, people tend to bitch, anything being fair game

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            • #7
              Re: Athenian Silver

              "There was now enough money to permit the war to continue at the level of the first two years for one additional year, or at half-speed for two. The original strategy for victory had failed, and the Athenians had as yet formulated no substitute. They could not continue as they had been without exhausting their financial resources, but they had no way to compel the enemy to make peace." (Ibid.)

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              • #8
                Re: Athenian Silver

                "But even raising assessments and tightening collections, had they been successful, would not have been able to meet the financial needs of Athens. The Athenians decided on a desperate solution: 'Being in need of money for the war, they themselves introduced for the first time a direct tax in the amount of 200 talents'. A direct tax had not been imposed in a very long time...citizens of the Greek states hated the idea of direct taxation as a violation of their personal autonomy and an attack on the property on which their freedom rested." (Ibid.)

                lessons from the Age of Silver....

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