Ancient Turkish city might have housed world’s first stock exchange (Re-issue)
May 18th, 2008 - 12:50 pm ICT by admin - Send to a friend: Ankara (Turkey), May 18 (ANI): If reports are to be believed, the ancient city of Aizanoi in Turkey might have housed the world’s first stock exchange.
According to a report by the Turkish Press, Aizanoi, located in Cavdarhisar town of the western Turkish city of Kutahya, housed a round building that might have served as a functional stock exchange.
“There was a round building (Macellum) which was used as food market in the second part of the second century AD. This area was excavated in 1971 and on its partly repaired walls was hung a copy of the price lists of the Emperor Diocletian, which he prepared so as to bring down inflation,” said Ismail Tanriverdi, sub-governor of Aizanoi.
“For example, a physically strong slave would be the same price as two donkeys and one horse was worth three slaves,” explained Tanriverdi.
These facts have made Tanriverdi suggest that the building might just be the world’s first stock exchange.
Aizanoi also has a temple built for Zeus, which is believed to be the best-preserved temple in all Anatolia.
Recent excavations around the Temple of Zeus revealed several levels of settlements dating from as far back as 3000 BC.
In 133 BC, the city entered the dominion of the Roman Empire. Aizanoi printed its first coins in the second and first centuries. During the days of the Roman Empire, the town became rich from its production of grains, wine and wool.
It was the center of the episcopacy in the early Byzantine period, but it lost its influence in the 7th century.
“We want to introduce this ancient city as one of the most important tourist attractions in Turkey,” said Tanriverdi. (ANI)
Related Stories
- Ancient Turkish city might have housed worlds first stock exchange - May 17, 2008
- Ancient Turkish city waits to be unearthed - August 28, 2008
- Jews, pagans and Christians may have lived and prayed together - August 12, 2008
- Archaeologists discover nine ancient Roman columns on riverbed - October 22, 2008
- Archaeologists unearth Roman period mosaic and iron furnace in Turkey - August 22, 2008
- Church discovered in Turkey one of worlds earliest - October 1, 2008
- Ruins of Temple of Athena found in western Turkey - September 11, 2008
- Water to run down from ancient Turkish fountain after 1300 years - July 26, 2008
- Excavations reveal ancient Egyptians were master dam builders - December 3, 2007
- Two piers belonging to 1st Century A.D. unearthed in ancient Turkish city - August 2, 2008
- Archaeologists unearth ancient temple in Yemen - March 18, 2008
- 20 centuries old piers unearthed in Turkey - July 31, 2008
- Israeli archeologists find rare ancient stone seal - October 30, 2008
- Dig at Augustus Temple in Turkey may bring a wealth of new history to light - October 23, 2008
- 1,700-year old Apollon statue unearthed in Turkey - August 18, 2008
- National
- anatolia
- ankara turkey
- byzantine period
- dominion
- donkeys
- emperor diocletian
- episcopacy
- excavations
- food market
- grains
- ismail
- macellum
- price lists
- roman empire
- slaves
- stock exchange
- temple of zeus
- tourist attractions
- turkish city
- turkish press
Posted in National, |

