History’s First Debt Crisis — and the First State Bankruptcy ....

Описание: In the 4th century BC, the Greek world faced a financial disaster unlike anything seen before. Twelve powerful city-states — including Miletos, Byzantion, Lampsakos, and Eresos — borrowed massive sums of money from the sacred Apollo Temple on Delos. Acting like a financial center, the temple stored wealth, issued loans, and kept strict records. But by 377 BC, the debts could no longer be repaid. One after another, the city-states defaulted, leaving the richest sanctuaries of Greece with empty treasuries. For the first time in recorded history, an entire group of states collapsed under the weight of debt. This was the world’s first sovereign default — a reminder that even in the ancient world, borrowing had consequences

Welcome to Empire of Money – a channel that explores the history, psychology, and power of money.
From ancient coins to modern digital currencies, we uncover how money shaped civilizations, influenced human behavior, and became a symbol of trust and control.

Ancient Greece financial crisis

First sovereign default history

Apollo Temple Delos loans

Greek city-states debt collapse

4th century BC economy

History of money and debt

Ancient finance documentary

Miletos Byzantion Lampsakos Eresos

Empty treasuries Greece

Empire of Money channel



#HistoryOfMoney #EmpireOfMoney #Currency #Economics #PsychologyOfMoney #FinancialHistory #history #finance #shorts #shortvideo #History

#AncientGreece

#Economics

#DebtCrisis

#ApolloTemple

#Delos

#SovereignDefault

#EmpireOfMoney

#Documentary

#FinanceHistory