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The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits ...
Ancient Greek bankers were known as τραπεζίται (trapezitai), singular trapezites, a term which arose from their use of τράπεζαι (trapezai), a type of table. They were initially active during the 5th century BCE. The trapezitai provided a variety of services, primarily, money-changing, providing interest payments on deposited ...
Much of the craftsmanship of ancient Greece was part of the domestic sphere. However, the situation gradually changed between the 8th and 4th centuries BC, with the increased commercialization of the Greek economy. Thus, weaving and baking, activities so important to the Western late medieval economy, were done only by women before the 6th ...
The Parthenon, a temple dedicated to Athena, located on the Acropolis in Athens, is one of the most representative symbols of the culture and sophistication of the ancient Greeks. Ancient Greece (Ancient Greek: Ἑλλάς, romanized:Hellás) was a northeastern Mediterranean civilization, existing from the Greek Dark Ages of the 12th–9th ...
The Athenian Treasury (Greek: Θησαυρός των Αθηναίων) at Delphi was constructed by the Athenians to house dedications and votive offerings made by their city and citizens to the sanctuary of Apollo. The entire treasury including its sculptural decoration is built of Parian marble. The date of construction is disputed, and ...
The average rate of inflation in Greece during the 80s was 19%, which was three times the EU average. The Greek budget deficit also rose very substantially during the 80s, peaking at 9% in 1985. [21] In the late 80s Greece implemented stabilization programs, cutting inflation from 25% in 1985 to 16% in 1987.
Ancient Greece usually encompasses Greek antiquity, as well as part of the region's late prehistory (Late Bronze Age). It lasted from c.1,200 BC – c. AD 600 and can be subdivided into the following periods: Greek Dark Ages (or Iron Age, Homeric Age), 1,100–800 BC. Archaic period, 800–490 BC.
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...