Trade & Money in Ancient Greece

The video discusses the historical challenges of bartering and the evolution of currency. Initially, bartering was used to exchange goods, but it was inefficient when one only wanted to sell. Athens introduced the drachma, a coin that simplified trade in the Aegean Sea. However, as other regions like Sparta minted their own coins, currency exchange became necessary. Money changers, known as trapezites, facilitated this process, eventually leading to the widespread acceptance of the drachma, easing trade complexities.

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