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Commerce and Trade in Ancient Greece

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kaitlyn benz

on 11 December 2013

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Transcript of Commerce and Trade in Ancient Greece

Commerce and Trade in Ancient Greece
Greece has a very rich tradition in the history of trade. The introduction of trade into the Greek culture was one of the most defining points in the history of ancient Greece.
In Greece trade was a big part of their city. The Greeks environment and surroundings couldn't provide all the necessities that they needed and this was the same with other countries. The Greek's had to rely on imports and exports so there country could provide the needs of the people.
The main import is grain for Greece because they import 2/3 of the needed supply from different countries. The most renowned imports of Greece were Papyrus from Egypt, wheat from lands north of the black sea, and timber from Turkey and the Balkans. All the imports were Dyestuffs and luxury fabrics that came from Phoenicia and Carthage, Papyrus from Egypt, Grains, Iron, Copper, Animal hides, Wine dyes, Tin, Silver, Wool, Gold, Lotus flowers, Gems, Dye, Timber, and Spices.
In ancient Greece some exports include Oil, Wine Pots and Pottery, Statues, Honey, Silver, Metalwork, Clothes, Books, Cutlery, Furniture, Mercenaries, Weaved products, Raw materials, Horses, and Cloth. Greeks and all other countries had to sell all their exports for a reasonable price so they have money for imports while it's still cheap enough so other countries and citizens will buy them.
Image by goodtextures: http://fav.me/d2he3r8

Introduction
to Greek Currency
In the beginning, Greeks would trade by exchanging one item for another with close or the same value. Around 590BC the Greeks had started to use coins. The coin that was widely used in Greece was the Drachma which had an owl on one side, and the other side had the face of Athena.
The Start of Banking
When visiting other cities or countries, you would have to go to a money-changer in order to exchange your money for the correct countries currency. To do so, you would have to pay a small fee. The "money-changer" was the start of banking.

Debt Bondage
"Debt bondage is a person's pledge of their labor or services as a repayment of loan or other debt." This was a wide spread in ancient Greece. The only city-state known to have abolished it was Athens. By the Hellenistic period, the limited evidence shows that debt bondage had replaced outright enslavement for debt.

Coin as a Symbol of the City-State
Coins of Greek city-states depicted a unique symbol or feature, an early form of emblem, also known as badge in numismatics, that represented their city and promoted the prestige of their state.
Trade in Greece
Today

In Greece today, trade is no different from most countries. Almost all people "trade" over the internet, or by simply sending over anything across the world in the simplest way through mail carriers. Times have immensely changed everywhere and are still changing everyday.
Current Currency of Greece
Greece's monetary unit is the Euro. No other currency is accepted and it is best to exchange dollars or other currency at a bank. Compared to ancient Greece's currency with the Drachma, which were all coins, paper money is obviously now included into the Greek currency- just like every other current country. Many rules in the economy have changed since the Hellenic world in the classical age.
Trade
Introduction to Greek Trade
Imports
Exports
More coins as a symbol of the city state
Greek individuals conducted most of their commerce at the Agora, a huge marketplace at the base of the Acropolis. Citizens could purchase food, household items and clay oil lamps which provided the only source of light. Popular items at the market were leather sandals and jewelery. Slaves were also sold at the Agora.
The Agora
why it was important?
Economies change and modernize over time, but many economic aspects will always remain the same no matter what the time period, or the geographical region. The Greeks created the worlds first economy and democracy. It has made a impact on our world today. Currency and trade were both imaged by the greeks
A huge part of both Ancient Greek and modern North American economies is currency. In both societies, coins are made out of various metals with famous, important figures or symbols. Both countries placed the face of great leaders on one side of the coin. They were different from each other as ancient Greece used valuable metals for their coins and did not have paper money.
Comparing Money
When Greeks started trading they exchanged one item for another with the same or close value, which was known as bartering. Around 590bc they started using coins. The coin widely used in Greece was the Drachma which had an Owl and the head of Athena. The only place which didn"t accept Athens coins were Sparta because of the rivalry between them.
The Ancient Greek coinage system can be divided into four periods, the Archaic, the Classical, the Hellenistic and the roman. The Archaic period extends from the introduction of money to the 7th century BC until the Persian War in about 480 BC. The Classical Period then began and lasted until the Conquests of Alexander the Great in about 330 BC. The Hellenistic period then began, and extended until the roman absorption of the first century BC. The greek continued to create their own coins under the roman rule calling them Roman Provincial Coins or Greek imperial coins. The Greek coinage period grew over ten centuries
Coinage Periods
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Full transcript