Hamza Waqas

Group 1
TOPICS: ORIGIN OF GREEK CIVILIZATION
ECONOMY OF GREEK CIVILIZATION
 Origin of Greek Civilization
• ONE OF THE MOST INFLUENTIAL CIVILIZATIONS IN THE WORLD.
• THE ORIGINS OF THE GREEK CIVILIZATION CAN BE TRACED BACK TO
AROUND 4,000 BCE.
• ANCIENT GREEK CIVILIZATION FLOURISHED FROM THE PERIOD
FOLLOWING MYCENAEAN CIVILIZATION, WHICH ENDED ABOUT 1200
BCE, TO THE DEATH OF ALEXANDER THE GREAT, IN 323 BCE.
• THE FIRST GREEK-SPEAKING PEOPLE WERE THE
MYCENAEANS

RELATION OF MYCENAEANS AND MINOANS

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In the 8th century BCE

 Greek’s own language "Hellenic".

 Greeks adopted many of the traditions of the Mycenaeans and Minoans
 They also developed their own art and literature
 The Greek civilization flourished until around 600 BCE
 which saw the development of great philosophers such as Socrates and
Plato, and the establishment of the first democracy in the world.
 "Economy of Ancient Greece."
THE WORD "ECONOMY" THROUGH A HISTORIAN'S LENS MEANS "HOW
A CIVILIZATION MAKES MONEY THROUGH THE BUYING AND SELLING
OF GOODS AND SERVICES.“
SOME EXAMPLES MAY INCLUDE UTILIZING RESOURCES AND TRADE
ROUTES, PRODUCING AGRICULTURE, AND MANUFACTURING PRODUCTS
IN ORDER TO MAKE MONEY.
IMPORTANCE OF ECONOMY IN GREEKS
THE ANCIENT GREEKS WERE KEENLY AWARE OF THE IMPORTANCE OF
MAINTAINING A BALANCED BUDGET AND CAREFUL MANAGEMENT OF
RESOURCES.
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DEPENDENCE OF ECONOMY OF
GREEKS

 AGRICULTURE
 Greece had only 20% farmable land due to the
mountain ranges running all over it
 They developed the use of manures and
fertilizers in their crops
 They also developed advanced irrigation
systems
 The Ancient Greeks also developed the use of
terracing
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AGRICULTURAL PRODUCTS

 They also planted plants that needed

little water such as barley, wheat, olive
trees, and grapes.
 Greekartisans made beautiful clay jars
and wool cloth.
 Olive oil and grape wine became
specialty products from Greece.
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MANUFACTURING

 Slavery affected manufacturing in ancient Greece.

 Itis often said that technology and industrial organization stagnated in
ancient Greece because the availability of cheap slave labor
 Among the most extensively manufactured products was clay pottery
 Some of the products manufactured by Greeks are 1. Olives 2. Olive Oil 3.
Feta Cheese 4. Baked Goods 5. Pottery
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Revenue through Trading

 Greece was an epicenter for

trade and wealth
 They swapped goods with sea
traders from Egypt, India, Rome,
and other parts of Europe.
 Caravans from as far away as
Mesopotamia, India, and Asia
also found their way by land to
Greece's city-states, specifically
the city of Athens.
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MONEY AND BANKING

 Money was typically made from either

silver or bronze.
 Coins were generally standardized in
terms of weight and purity, and were
accepted as a form of payment
throughout the Greek world.
 Banks were established in major cities
and were operated by private
individuals or companies.