Aizanoi: The First Exchange Market in History
In the Aizanoi Building, which was built about 1750 years ago, both stock exchange transactions and the sale of goods prepared by the Roman Emperor Dioeletianus to combat inflation were announced on stone blocks.
The world's first stock exchange is located in Kütahya Çavdarhisar. MS ll. In the stone blocks of Aizanoi, which was used as a food market (Macellum) at the end of the century, the Roman Emperor Dioeletianus had a copy of his price determination to combat inflation in 301 AD. With these articles, sales prices of all goods sold in the emperor markets have been announced. As such, Aizanoi is one of the first stock exchanges in the world.
The food market, which is today's trade exchanges, was established in the year 250 AD 1750 years ago. 50 years after the establishment of the MS 301 years since the stock market transactions were made, as well as the price determination to fight inflation was announced. Prices of goods traded in that period were fixed, and measures were taken against inflation across the country. Cross-pricing of the goods produced was prevented from buying exorbitant prices.
M.S.II. The building, which was used as a probabilistic food market (Macellum) in half of the building was built by M.S. of the Roman Emperor Diocletianus. A copy of his determination to combat inflation in 301 was written on stone blocks. These inscriptions include sales fees for all goods sold in the imperial markets.
The walls of the building that was excavated in 1971 were partially repaired and there were prices for various goods and services written in Latin and Greek. Emperor Diocletian had a copy of his wage determination conducted in 301 BC to fight inflation.
The prices of all the goods sold in the imperial markets are on the stones around the stock market. For example; a strong slave is equal to the price of two donkeys, and one horse is equal to the price of three slaves. Macellum structures were the meat and fish markets of ancient times. This structure remains from the Roman period.
The most important feature of the structure is M.S. The law of the Emperor Diocletianus in the 290s is written on the walls of the Latin text. This law, called the "Maximum Fiat List", aimed to determine fixed prices for the goods and services offered for sale in the Roman territory around the Mediterranean. The prices were determined for all things that you can think of in order for the people to buy the same product at the same price everywhere. The price of slave shoes, soldier fees, beer and wine prices, glass glasses, ceramics, nails, teacher salaries and all kinds of services and products can be seen here.
This law did not work, because traders started to stockpile instead of selling goods, they collapsed the markets, and continued to do so until their prices were accepted. Law M.S. It is repealed in the 300's and the value of money and commodities is left to fluctuate in the market. It was the history of the Romans as the only statist law they opposed to the cruel illegality of capitalism. A copy of the inscription was also found on the wall of the city's stock exchange building in Aphrodisias.
You can visit Aizonai at:
Cumhuriyet Caddesi 68
43710 Çavdarhisar Kütahya
Türkiye
Aizanoi.com