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<p>[QUOTE="Gam3rBlake, post: 8133155, member: 115909"]According to Wikipedia article on the Mines of Laurion:</p><p><br /></p><p>"After the Peloponnesian War had ended and the mines had run dry, this devaluation and re-minting of Athenian coins was brought to an extreme all over <a href="https://en.wikipedia.org/wiki/Attica" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Attica" rel="nofollow">Attica</a>. The ruler known as Dionysios I of Syracuse ruled from 405-367 BC ordered that all the coinage be collected and re-minted at double its original value.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" rel="nofollow">[22]</a> If citizens refused to do so they were threatened with death sentences.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" rel="nofollow">[22]</a> Another ruler known as Leukon I of the Cimmerian Bosphoros who ruled from 389–348 BC imposed almost the same thing but did not threaten the punishment of death.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" rel="nofollow">[22]</a> Instead, he decreed that all coins that remain the same will be essentially worthless.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22" rel="nofollow">[22]</a> As leaders across <a href="https://en.wikipedia.org/wiki/Attica" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Attica" rel="nofollow">Attica</a> devalued their silver, the Laurion mines became active again around 370 BC, when some businessmen decided to rent out some of these recently abandoned mines.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" rel="nofollow">[23]</a> They were more successful than expected resulting in a small economic boom in the greater Laurion region in 340 BC.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" rel="nofollow">[23]</a> However, the mines were outcompeted by the rising gold and silver industries in Macedonia and Thrace.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" rel="nofollow">[23]</a> Silver prices plummeted when <a href="https://en.wikipedia.org/wiki/Alexander_the_Great" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Alexander_the_Great" rel="nofollow">Alexander the Great</a> finally obtained the Persian silver industry.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" rel="nofollow">[23]</a> However, the Romans defeated the Macedonians in 168 BC and later ordered the shut down of all of their mines to prevent Macedonia from rising again. This opened up an economic opportunity for Athens to seize. The Romans provided cheap slave labor and new technologies gave the Greeks new means of extracting silver in more efficient ways.<a href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23" rel="nofollow">[23]</a> The Laurion mines were revived for a short while but they would never become the silver river they had once been."[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8133155, member: 115909"]According to Wikipedia article on the Mines of Laurion: "After the Peloponnesian War had ended and the mines had run dry, this devaluation and re-minting of Athenian coins was brought to an extreme all over [URL='https://en.wikipedia.org/wiki/Attica']Attica[/URL]. The ruler known as Dionysios I of Syracuse ruled from 405-367 BC ordered that all the coinage be collected and re-minted at double its original value.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22'][22][/URL] If citizens refused to do so they were threatened with death sentences.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22'][22][/URL] Another ruler known as Leukon I of the Cimmerian Bosphoros who ruled from 389–348 BC imposed almost the same thing but did not threaten the punishment of death.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22'][22][/URL] Instead, he decreed that all coins that remain the same will be essentially worthless.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:8-22'][22][/URL] As leaders across [URL='https://en.wikipedia.org/wiki/Attica']Attica[/URL] devalued their silver, the Laurion mines became active again around 370 BC, when some businessmen decided to rent out some of these recently abandoned mines.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23'][23][/URL] They were more successful than expected resulting in a small economic boom in the greater Laurion region in 340 BC.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23'][23][/URL] However, the mines were outcompeted by the rising gold and silver industries in Macedonia and Thrace.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23'][23][/URL] Silver prices plummeted when [URL='https://en.wikipedia.org/wiki/Alexander_the_Great']Alexander the Great[/URL] finally obtained the Persian silver industry.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23'][23][/URL] However, the Romans defeated the Macedonians in 168 BC and later ordered the shut down of all of their mines to prevent Macedonia from rising again. This opened up an economic opportunity for Athens to seize. The Romans provided cheap slave labor and new technologies gave the Greeks new means of extracting silver in more efficient ways.[URL='https://en.wikipedia.org/wiki/Mines_of_Laurion#cite_note-:72-23'][23][/URL] The Laurion mines were revived for a short while but they would never become the silver river they had once been."[/QUOTE]
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