Economy

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Recognition: Common knowledge

Accuracy: Accurate enough

Stability: Subject to revision

Before the Cataclysm, the globe was crossed with complex trade networks that delivered goods and supplies all over. The The League of Alver managed a global currency, allowing international trade to be seamless; leading to cultural globalisation.

After the Cataclysm all trade collapsed. It wasn't long though before survivors began bartering with each other for supplies, and slowly the economy of Alver began to revive. The rise of settlements and later Steel Cities started a parallel rise in the size and sophistication of the economy. Cities and towns were able to specialise in certain industries, and trade their special goods for what they needed from others.

The modern economy is centred on the Steel Cities of Alver, with most of the wealth and trade on the planet concentrated there. Modopolis, with its liberal economic policies, is regarded as the economic capital of Alver, and is certainly the richest city in existence.

Currency

Before the Cataclysm there was a global currency, the silver crown. This was pushed by The League of Alver to replace the older national coins on Alver, such as the Brass Razoo and the Triploon.

Now, 100 years after the Cataclysm, silver crowns are still the main currency in circulation - however they are now known as silver dollars. New dollars are minted in the Steel Cities, while old crowns are also constantly being added to the economy as they are salvaged from ruins. Dollars and crowns are interchangeable and are all called dollars, except on Salver and in Saxa, where the term crowns is still preferred.

Each dollar is valued for its weight in silver - there being no central banks or national currencies. The world works on a bi-metalism standard, where both gold and silver dollars are accepted by merchants and banks. Large banks also issue dollar certificates or notes in higher denominations, but they are only guaranteed to be accepted at allied banks or businesses. Banks and governments store gold and silver in reserves, and gold and silver ingots available on request for trade from large banks. The reverse works too, where someone can trade gold or silver metal for freshly minted coins at a bank.

Silver is cheaper than our world due to a large supply of the metal - mostly from Utopia. 1kg of silver (1 ingot) is worth $100. A silver dollar ($1) contains 10g of silver. In contrast, 1kg of gold (1 ingot) is worth $50,000 - so a 10g gold coin is worth $500.

Examples

Incomes

Here are some example incomes for various professions. In these examples, 1 day of work is considered 8 hours, and work days are considered monday to friday.

Expected savings for an individual at age 50:

Prices

Here are some sample prices of various goods and services:

See also