History Of Magic 301 Notes
written by Christy Coles
This book will help you study for your exams in History of Magic 301. The answers are not directly given. This text is a brief overview of the material that is presented in class. I encourage you to read the class lesson too. Please enjoy. I really hope this book helps explain the class better.
Last Updated
05/31/21
Chapters
9
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1,882
Wizarding Economics
Chapter 6
Part 1: The Origin of Wizarding Money
Using magical coins began around 700 BCE.
Muggle coins began in the sixth century BCE in Asia.
From Asia, coins traveled to Greek mainlands through different trade routes.
They went through Egypt and Babylon during 650 BCE to the entire Greek nation.
By 650, both muggles and magical people were using the coins for trading purposes.
Early magical people used a plant called Nifflers Fancy for currency. It had shiny copper leaves.
This plant is now very rare.
Early magical people also used occamy eggshells for currency.
Early magical people also used vials of potion ingredients and dragon eggs for currency.
Argyros was a wizard Philosopher.
He lived around 644 BCE
He wrote the first European essays on the concept of money. He included the value of money to the Economy in these essays.
One work was called Oeconomicus. It was later used by Aristotle and Xenophon.
This work defines household management.
He tried to address the international problem with trade and coinage.
He basically named his new coin after himself.
It was called Argium.
It began traveling around Greek lands.
It started as a round electrum (gold and silver alloy). It had a large A for alpha on the top. The other side was an animal.
This coin remained as the national currency for wizards until 132 CE.
After the middle of the second century, the Argium gained became more popular among the wizards in Rome.
In 132 CE there was a meeting in the Consium Imperi Magi. It changed the Argium to Galleons, Sickles and Knuts.
This currency attracted the goblins.
The price of Gold increased over the next few years.
Part 2: Goblin Political Influences in the Late 15th Century
During the 1400’s the goblin population took over 95 percent of European ore mines.
The International Warlocks Convention got together to discuss the goblin problem on gold and silver.
Bridget Wenlock was an Arithmancer who died a couple hundred years before the International Warlock Convention. He attempted to encourage other businessmen to take part with the wizarding coinage. They refused.
In 1474, there was an older Goblin called Gringott who got in touch with the same British Pure Blood Wizards. He basically encouraged the pureblood families that goblins were in charge of the safes. Their personal belongings were safe.
In 1488, Burdock Muldoon, a chief warlock of British Wizards Council stated that all wizard money was basically useless if it was stored outside the country.
To make a long story short, The pure blood agreed to put their money in the Gringotts safe.
In 1502, the British Wizarding Council took control of Gringotts. The goblins ran the bank.
Wizards were hired too. They were hired as curse breakers. They found ancient treasures all over the world and put them in the bank.
In 1692, the International Statute of Secrecy declared that the bank stays in the Wizard Council hands.
The Wizard Council changed its name to the British Ministry of Magic.
Goblin Rebellions
Several Goblin Rebellions happened between 1612 and 1864.
One important Goblin Rebellion happened in 1631. It started a feud between wizards and goblins that caused more people to die than both wizarding wars put together. There was also a Wand Ban that took place during this time. It still happens today. It means that Nonwizard part humans are illegal to carry a wand. During this first rebellion, this rule did not apply.
In 1864, another Goblin Rebellion occurred. The pure blood families wanted their valuables protected. The minister of magic during this period was Dugald McPhail. He decided to allow the Goblins to be put back in charge of the banks. It still remains today.
Using magical coins began around 700 BCE.
Muggle coins began in the sixth century BCE in Asia.
From Asia, coins traveled to Greek mainlands through different trade routes.
They went through Egypt and Babylon during 650 BCE to the entire Greek nation.
By 650, both muggles and magical people were using the coins for trading purposes.
Early magical people used a plant called Nifflers Fancy for currency. It had shiny copper leaves.
This plant is now very rare.
Early magical people also used occamy eggshells for currency.
Early magical people also used vials of potion ingredients and dragon eggs for currency.
Argyros was a wizard Philosopher.
He lived around 644 BCE
He wrote the first European essays on the concept of money. He included the value of money to the Economy in these essays.
One work was called Oeconomicus. It was later used by Aristotle and Xenophon.
This work defines household management.
He tried to address the international problem with trade and coinage.
He basically named his new coin after himself.
It was called Argium.
It began traveling around Greek lands.
It started as a round electrum (gold and silver alloy). It had a large A for alpha on the top. The other side was an animal.
This coin remained as the national currency for wizards until 132 CE.
After the middle of the second century, the Argium gained became more popular among the wizards in Rome.
In 132 CE there was a meeting in the Consium Imperi Magi. It changed the Argium to Galleons, Sickles and Knuts.
This currency attracted the goblins.
The price of Gold increased over the next few years.
Part 2: Goblin Political Influences in the Late 15th Century
During the 1400’s the goblin population took over 95 percent of European ore mines.
The International Warlocks Convention got together to discuss the goblin problem on gold and silver.
Bridget Wenlock was an Arithmancer who died a couple hundred years before the International Warlock Convention. He attempted to encourage other businessmen to take part with the wizarding coinage. They refused.
In 1474, there was an older Goblin called Gringott who got in touch with the same British Pure Blood Wizards. He basically encouraged the pureblood families that goblins were in charge of the safes. Their personal belongings were safe.
In 1488, Burdock Muldoon, a chief warlock of British Wizards Council stated that all wizard money was basically useless if it was stored outside the country.
To make a long story short, The pure blood agreed to put their money in the Gringotts safe.
In 1502, the British Wizarding Council took control of Gringotts. The goblins ran the bank.
Wizards were hired too. They were hired as curse breakers. They found ancient treasures all over the world and put them in the bank.
In 1692, the International Statute of Secrecy declared that the bank stays in the Wizard Council hands.
The Wizard Council changed its name to the British Ministry of Magic.
Goblin Rebellions
Several Goblin Rebellions happened between 1612 and 1864.
One important Goblin Rebellion happened in 1631. It started a feud between wizards and goblins that caused more people to die than both wizarding wars put together. There was also a Wand Ban that took place during this time. It still happens today. It means that Nonwizard part humans are illegal to carry a wand. During this first rebellion, this rule did not apply.
In 1864, another Goblin Rebellion occurred. The pure blood families wanted their valuables protected. The minister of magic during this period was Dugald McPhail. He decided to allow the Goblins to be put back in charge of the banks. It still remains today.
