Darius I stimulated the Persian empire's economy by introducing reforms like standardized currency, road networks, and new agricultural techniques. He established imperial administrative systems including taxation codes, bureaucracies, and postal and judicial systems. This increased long-distance trade and economic growth. Similarly, ancient Greek city-states and the Roman Republic focused on agriculture and trade, with economies based around exporting staple crops. Standardized currencies and banking systems arose to facilitate regional and international commerce. Both the Persian and Roman empires eventually declined due in part to falling trade and taxation policies that overburdened peasants.
2. Darius, the third king of the Achaemenid dynasty, stimulated the
empire’s economy.
He is credited for imperial organization
He introduced tax codes
Introduced standardization of money, currency, weight and made
transaction easier (gold and silver coins)
Built road networks
Massive irrigation encouraged new agricultural techniques
established postal and judicial systems
Imperial Bureaucrats due to the requirements of imperial
administration, a new class of educated bureaucrats. They
eventually (to a large extent) undermined the position of the old
warrior elite. They did not directly challenge the patriarchal warriors,
and did not seek to displace them from their position in society. [Tax
Collectors, Administrators, and Record Keepers]
3. The coins came in silver denarius, bronze sestertius, and bronze as.
Picture of their emperor on one side, and on the other side were
propagandists symbols.
There was a curry exchange for foreign. merchants. They would do
long distant trade, which was similar to banks in today's world.
Hellenistic World sent 3 important exports to Rome: wine, cooks,
and tutors possibly slave
Agriculture was a huge part of their economy.
Pax Romana helped to establish a uniform way of money, which
lead to expansion of trade.
Once there was a decline in trade in Rome, that’s when the
economy started to drop.
Rome and the Han Dynasty both declined due to the trading
systems falling off. They also both put taxes on goods for the
peasants to pay.
Although Rome’s economy was doing great, years later it started to
corrupt once the empire collapsed.
4. They didn't have a budget.
Only the wealthy people pay taxes.
Athens depended on grains (wheat) to trade.
All the cities that minted coins identified their coins by
stamping it with an emblem.
Slaves were used to improve the crops which helped
farmers gain wealth.
During the Hellenistic era, they developed a centralized
banking system with local branches and a head bank in
Alexandria.
5. Persia had a standardization of money, currency, and
weight
Rome used coins that came in silver denarius, bronze
sestertius, and bronze as.
In Greece all the cities that minted coins identified their
coins by stamping it with an emblem.
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. Athens used a coin named drachma.
6. Greece’s main aspect of economy was through trade. They had no
monetary system set up but rather more of a bartering system. The
trading ranged from local to international. International trade spread
throughout the regions driven by social and political.(main items of
trade within city states: cereals, wine, olives, figs, eels.)
Likewise Persia and Greece central economy also came from trade.
Further distances trade grew rapidly linking the lands from India to
Egypt. The most cultivated items were barley and wheat. Persia
produced many other crops pea, lentils, mustard, garlic, onions,
cucumbers, apricots, etc.
Unlike Greece and Persia, Rome focused primarily on agriculture.
They were mostly farmers. Much of Roman trade, industry, and
labor involved supplying food to the larger cities within the empire,
such as Alexandria. However they did grow similar crops that
Greece traded with such as olives, grapes, and wheat. Peasants
would use surplus of crops to pay taxes.
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