Drachma: meaning, definitions and examples

Historical Origins

• The word 'drachma' comes from the Greek word 'drakhmē,' which originally meant a handful, referring to a handful of arrows.
• The drachma has been in use for over 2,500 years, making it one of the world's oldest currencies.
• It was used during both the classical and Byzantine periods, significantly influencing trade and economy in the Mediterranean.

Economics

• The drachma was widely accepted in ancient trade and commerce, often serving as a standard currency for transactions.
• Different cities in ancient Greece issued their own versions of the drachma, leading to variations in weight and design.
• In modern terms, the drachma was reintroduced as Greece’s currency until it was replaced by the Euro in 2002.

Cultural Significance

• Drachma coins often featured images of gods, goddesses, or local symbols, reflecting the culture and beliefs of the issuing city.
• Many famous individuals from history, like philosophers and political leaders, were depicted on the coins of their era, helping to cement their legacy.
• The phrase 'to drachma' has become shorthand in literature and discussions to denote ancient wealth and financial influence.

Numismatics

• The study of drachmas is essential in numismatics, helping historians understand economic conditions of ancient Greece.
• Collectors often seek rare drachma coins, some of which are valued for their historical significance rather than their material worth.
• The materials used in earlier drachmas varied, with some made of silver and others of bronze, reflecting the economic practices of the time.

Modern Usage

• In contemporary Greece, phrases like 'drachmas' are often used colloquially to refer to money.
• Even after switching to the Euro, the drachma remains a symbol of Greek heritage and history.
• Many tourists visiting Greece may come across drachma memorabilia as a reminder of the nation's rich past.

This word's position of #32,428 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.

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• 32425 unburdened
• 32426 flagellation
• 32427 gravelled
• 32428 drachma
• 32429 nappy
• 32430 consummating
• 32431 pamper
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