WORLD HISTORY

Detailed explanation-1: -Trading for Needed Goods To meet their needs, the ancient Greeks traded with other city-states, their colonies, and with other peoples in the Mediterranean region. They exchanged olive oil and pottery for such goods as grain, timber, and metal.

Detailed explanation-2: -The first major trade partners were the cultures of southern Italy and Sicily, which are right next to Greece and had very close cultural and economic ties to several Greek city-states. From there, the Greeks expanded and started trading with the people in Egypt, Carthage, Ethiopia, and the Arabian Peninsula.

Detailed explanation-3: -In the beginnings of Greek trade people exchanged goods and services by bartering. The invention of coins made commerce much simpler. As a symbol of independence each Greek city-state made its own coins.

Detailed explanation-4: -One of the most important ways that the ancient Greek people were able to regulate their trade was by using coins. Coins allowed for the standardization of prices over a large geographical area, making it easier for merchants to establish a set value for their goods.