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Chapter 2: The First Civilizations Section 5: The Phoenicians and the Lydians
Terms in this set (5)
Exchange goods without involving money.
things that you can buy, sell, or trade
an economic system based on money rather than barter
How did trade influence Phoenician culture?
As Phoenicians became the greatest traders in the world, they were able to develop colonies in other areas; they became skilled workers in metal and created beautiful objects in silver and gold; they invented the art of glass blowing; they became a dyeing center; they developed the alphabet that became the model for later Western alphabets and spread their knowledge of alphabetical writing throughout the Mediterranean world.
How did a money economy develop in Lydia?
The money economy developed due to the fact that bartering limited trade; the use of money allow Lydian traders to set prices for goods and services.
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