2006-11-14 03:05:00 · 5 answers · asked by halfmarathonmum 1 in Social Science ➔ Economics
Yes. Lots more.
How much more? Well, that depends on what you define as money. 300 years ago, money was taken to mean gold and silver coins. nowadays we use paper notes and electronic tbank transfers as money - which have no intrinsic value. So it's a little difficult to compare.
Economists use the term the "money supply" as a concept to explain the quantity of money in an economy. I doubt there are figures going back 300 years, but I can imagine that the money supply now is possibly hundreds of times larger than it was back in 1706.
2006-11-14 05:07:29 · answer #1 · answered by swirlyblue1 2 · 0⤊ 0⤋
There are probably at least 10 times as many people in UK today as there was 300 years ago (maybe much more); and the people 300 years ago lived in an incredible state of abject poverty by today's standards. Those two facts answer the question -- yes of course there is far more money today than back then, far more wealth, far more of everything except empty land.
2006-11-14 10:17:06 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
yes there is more money. THere is more money and there are more goods and there is more money relative to goods than 300 years ago (hence inflation)
2006-11-14 03:20:26 · answer #3 · answered by Hermes 2 · 0⤊ 0⤋
Yes the British economy is booming
2006-11-14 03:12:29 · answer #4 · answered by Gossip81 4 · 0⤊ 0⤋
probably more money but not as much wealth! by that i mean our skills to make things over the years has diminished.
2006-11-14 03:15:08 · answer #5 · answered by Wobs 3 · 0⤊ 0⤋