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Ancient Greek Economy

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Lexie Heard

on 29 January 2013

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Transcript of Ancient Greek Economy

photo credit Nasa / Goddard Space Flight Center / Reto Stöckli Economy Ancient Greece Economy They traded grains, vegetables, fruit, wine, olive oil, pottery, bronze, silver, slaves, spices, matals, and jewelry
They mostly traded with countries near the mediteraneam sea including Egypt, Persia and Turkey

en.wikipedia.org/wiki/Economy_of_ancient_Greece Obol is the smallest silver coin. 6 obols was equal to 1 drachma (the basic unit of Greece ancient currency; 1 stater equaled to 2 drachmas; 100 drachmas made up of 1 mina; and 60 minas equaled 1 talent. The drachma was further divided into smaller denominations:a didrachm was 2 drachma, and decadrachm made up 10 drachma. Aside from coins, the drachma also came in bills that measured 50, 100, 500, 1000, 5000 drachmas

en.wikipedia.org/wiki/Economy_of_ancient_Greece Farming things they grew: *Olives
*Grapes *Oranges
*Cotton Important Animals:
-Fish In the Ancient Greek civilization,
every item of trade had an average cost:

1 loaf of bread: 1 obol
1 lamb: 8 drachmas
1 gallon of olive oil: 5 drachmas
1 pair of shoes: 8-12 drachmas
Slaves: 200-300 drachmas (2-3 minae)
Houses: 400-1000 drachmas (4-10 minae) Trading: They used the barter system, which is trading goods for goods.Also they used coinage, were you pay for goods.
*ideas *Greece's climate also makes farming difficult. Generally, the winters are very wet, and the summers are very dry. Project History." : Farming in Ancient Greece. N.p., n.d. Web. 12 Oct. 2012. <http://project-history.blogspot.com/2006/01/farming-in-ancient-greece.html>.
Women that could not afford slaves would go to the fountain to get their own water, work in the fields, and sell vegetables or flowers at markets. Slavery: http://www.historylink102.com/greece3/money.htm An average worker in Athens would make about two drachmas/day
Some citizens provided themselves a mercenaries to gain income.
Depending on how skilled one was, they would work less valuable jobs, making around half a drachma/day (as any other unskilled worker would)
Doctors, sculptors, and any other higher skilled workers would make up to six drachmas daily How Citizens Made a Living http://www.historylink102.com/greece3/money.htm http://www.historyforkids.org/learn/greeks/people/family.htm "Heilbrunn Timeline of Art History." Ancient Greek Colonization and Trade and Their Influence on Greek Art. N.p., n.d. Web. 15 Oct. 2012. <http://www.metmuseum.org/toah/hd/angk/hd_angk.htm>. Economics in Ancient Greece." Economics in Ancient Greece. N.p., n.d. Web. 15 Oct. 2012. <http://community.middlebury.edu/~harris/Classics/EconomicsinGreece.html>. Slavery in Ancient Greece." Slavery in Ancient Greece. N.p., n.d. Web. 15 Oct. 2012. <http://www.historylink102.com/greece3/slavery.htm>. There were several ways to become a slave.
Many were prisoners of war, especially women and children.
Others might have been kidnapped from their home
There were as many or more slaves than Greek people.
Each house would have about 10-20 slaves and about 3-4 would work in the house with the master’s wife.
Others would work in the fields day and night.
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