Table of Contents
Did ancient Greece trade or use money?
Ancient Greece relied heavily on imported goods. In addition to trade with products, the Greek’s also used currency. The drachma was a silver coin used by the ancient Greeks. The drachma dates back to the mid-6th century BC and is one of the world’s earliest coins.
Did the ancient Greeks have currency?
Drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. The drachma was one of the world’s earliest coins. From the 5th century bc, Athens gained commercial preeminence, and the Athenian drachma became the foremost currency.
When did Greeks start using money?
It is widely acknowledged that the Ancient Greeks, Ancient Chinese, and Ancient Lydians all began using coins around the same time, beginning in the 8th Century BC. Examples of money were found across all three civilizations, which is a strong indicated that they all started to use them around the same time.
How were people paid in ancient Greece?
Before 600 B.C. there was no monetary system in Greece, so they utilized the barter system. This was a system of trading goods and /or services for other goods and/or services. By 500 B.C., each city-state began minting their own coin. A merchant usually only took coins from their own city.
How did ancient Greeks carry money?
Usually Greeks carried coins in their mouths since their clothing lacked pockets. When someone died they were buried with a couple of coins in their mouth to pay the ferryman Charon their passage across the river Styx to the underworld.
How did the people in ancient Greece make money?
Money in Ancient Greece. Before 600 B.C. there was no monetary system in Greece, so they utilized the barter system. This was a system of trading goods and /or services for other goods and/or services. By 500 B.C., each city-state began minting their own coin. A merchant usually only took coins from their own city.
What type of money was used in ancient Greece?
The drachma ( Greek: δραχμή Modern Greek : [ðraxˈmi], Ancient Greek: [drakʰmέː]; pl. drachmae or drachmas) was the currency used in Greece during several periods in its history: An ancient Greek currency unit issued by many Greek city states during a period of ten centuries, from the Archaic period throughout…
What is ancient Greece money made out of?
Ancient Greek Coins Money Coinage From the start of 600 BC, every Greek city started to mint all of its own types of coins. Now, most of the ancient Greek coins were made of silver. A small little lump of silver was taken, this is put on a mold which was made of iron and then it was struck with a hammer repeatedly.
What did the ancient Greeks use for money?
Athens used a currency known as the drachma. Their currency was widely used because of the large trade network that they developed. Often an Athenian coin could be used in other Greek cities and not have to be exchanged for the local currency. A worker in Athens could earn about two drachmas a day.