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Position:Home>History> What did ancient Athens use for their currency?Question: What did ancient Athens use for their currency!? Please helpWww@QuestionHome@Com
Best Answer - Chosen by Asker: 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!. Visitors had to find a moneychanger to exchange their coins!. Typically a 5 or 6 percent fee was charged to exchange foreign currency to the local currency!. 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!. The Athenian monetary system was set up in the following way: 6 obols = 1 drachma 100 drachma = 1 mina 600 minae = 1 talent (or the equivalent of 57 pounds of silver) A worker in Athens could earn about two drachmas a day!. Sculptors and doctors were able to make up to six drachmas daily!. An unskilled worker would make around half of a drachma for one day’s work!. The typical costs of goods in ancient Greece: loaf of bread 1 obol lamb 8 drachmas gallon of olive oil 5 drachmas shoes 8 to 12 drachmas slaves 200 to 300 drachmas houses 400 to 1000 drachmasWww@QuestionHome@Com The Aiginetan drachma was also widely accepted until Athens destroyed the city-state in 458!. Www@QuestionHome@Com |