Encyclopedia of Early Modern History Online

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(2,375 words)

1. Definition

The term currency (from Latin currens, “flowing”) originally meant a condition of fluidity; the figurative sense of “circulation” of money was coined in 1690 by John Locke. The German term Währung (from MHG werunge, “guarantee”) refers to a territory's legal regulation of the monetary system, and, like currency, encompasses the definition of the coinage …

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Denzel, Markus A. and Pfister, Ulrich, “Currency”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 20 October 2020 <http://dx.doi.org/10.1163/2352-0272_emho_COM_029974>
First published online: 2015
First print edition: 20170206

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