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Attic talent
The Attic talent (a talent of the Attic standard), also known as the Athenian talent or Greek talent ((ギリシア語:τάλαντον), ''talanton''), is an ancient unit of mass equal to 26 kg, as well as a unit of value equal to this amount of pure silver.〔The exact mass of a talent was 25.992kg. Herodotus, Robin Waterfield and Carolyn Dewald, ''The Histories'' (1998), p. 593.〕 A talent was originally intended to be the mass of water required to fill an amphora (one cubic foot) 〔(Talent (Biblical Hebrew), Unit of Measure ), ''unitconversion.org''.〕 At the 2012 price of $1001/kg, a silver talent is worth $26,030. It was equivalent to 60 minae, 6,000 drachmae or 36,000 oboloi.〔
During the Peloponnesian War, a trireme crew of 200 rowers was paid a talent for a month's worth of work, one drachma, or 4.3 grams of silver per rower per day.〔Torr, Cecil. "Triremes", ''The Classical Review,'' Vol. 20, No. 2 (March 1906), p. 137.〕 According to wage rates from 377 BC, a talent was the value of nine man-years of skilled work.〔Engen, Darel. "(The Economy of Ancient Greece )", EH.Net Encyclopedia, 2004.〕 This corresponds to 2340 work days or 11.1 grams of silver per worker per workday. A modern carpenter gets about $25,060/year or $226,000 for nine years of work.〔See careers.stateuniversity.com/pages/240/Carpenter.html〕
In 1800, a building craftsman in urban Europe got an average wage of 11.9 grams of silver a day,〔Calculated from Robert Allen's "(Wages New )", p. 36.〕 or about $0.49 a day.〔Calculated from (here ).〕 Adjusted for inflation, this corresponds to $6 a day in 2007 money.〔Calculated from (here ).〕 Assuming a European worker in 1800 to be as productive as a worker in ancient Greece, the purchasing power of a talent in ancient times was about $20,000 of early 21st century money.〔See also footnote one in "(Life of Crassus )", which calculates the value of a talent as $20,000 in 2004 money.〕 The plausibility of this calculation is confirmed by the fact that a talent of silver was worth $1081 in 1800,〔 equivalent to $13,000 after adjusting for inflation.〔
==See also==
*Talent (measurement)
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