Note 132 — Chapter VI

Historically, the evolution has not always proceeded strictly in this order, which, however, seems the most logical one. Negotiable drafts were known to the Assyrians and Carthaginians. For thousands of years Egypt used ingots, not real money, but it was acquainted with fiduciary money. In the new world, the Peruvians made use of the scale, the Aztecs were ignorant of its use, etc. For details, see Letourneau, L'Évolution du commerce dans les diverses races humaines, Paris, 1897, especially pp. 264, 330, 354, 384, etc.