Tuesday, February 3, 2009

The Greek Economy

Like many other civilizations, the ancient Greek economy was based on agriculture. Grapes, cereals and olives were the main crops. In addition, they domesticated animals like sheep and goats. Husbandry was not successful developed due to the bad soil. Bee were kept to produce honey, which was the primary source for sugar. Mining was significant since they had developed metal. Silver was abundant. Bronze and iron weapons were used commonly. Many Greeks were sailors around the Mediterranean sea. Some of them were traders. Some of them were fishermen who sold fish in markets. Some of them were mercenaries who fought for other nations for money. Coins were used in ancient Greece in several ways. They were used as a way to exchange objects. They were a source of revenue. I think the economy of ancient Greece is similar to our modern economy, just not as complicated.

7 comments:

Anonymous said...

Very interesting post. Your blog entry seems to be strongly related to mine. My blog entry was about poverty. According to my inquiry, I found out that the form poverty in ancient Greece was fairy similar to the form of poverty in the present world. We can probably meet up and talk about these things. It would be really interesting if we can tie these topics together.

Anonymous said...

I mean, we can probably meet up and talk about the relationship between poverty and economy in ancient Greece.

Kassy said...

The Ancient Greek economy and civilization seems to have the same beginnings as a lot of other civilizations of today with agriculture and domestication of animals. I think the Greeks were extremely intelligent. Using money is much much easier than barter... When you use barter, you need a double coincidence of wants, and it's pretty difficult to find someone who wants exactly what you have to offer.

Unknown said...

Correct me if I am wrong but husbandry means care and cultivation of the land or animals?

I think it would be more interesting to find out like the distribution of wealth among the people and maybe among sexes.

Nice, shown many ways of sustaining the economy.

Ariel Lin said...

I admire Greece even if there are environmental damages and infertile lands. nice post!

THEMAX said...

oh wow, I wonder if they are the first people to start using actual money, not just shells and stuff

Cindy said...

Probably not, but that they used that system is a good sign. I wonder though...Greece had a LOT of bad things going on as well. It was hidden under all of the 'glorious things' they invented, but there was a LOT of nasty stuff.

Since our societies are so similar...who's to say that we haven't inherited that trait as well?