INTRODUCTION TO WORLD CIVILIZATION (DÜNYA MEDENİYETLERİNE GİRİŞ) - (İNGİLİZCE) Dersi The Hellenic Civilization soru detayı:
SORU:
How was trade like in Hellenistic civilization?
CEVAP: The growth of trade in ancient Greece led to the development of financial techniques. Most merchants, lacking sufficient cash assets, resorted to borrowing to finance all or part of their expeditions. A typical loan for a large venture in 4th century BCE Athens, was generally a large sum of cash (usually less than 2,000 drachmas), lent for a short time (the length of the voyage, a matter of several weeks or months), at a high rate of interest (often 12% but reaching levels as high as 100%). The terms of the contract were always laid out in writing, differing from loans between friends. The lender bore all the risks of the journey, in exchange for which the borrower committed his cargo and his entire fleet, which were seized by the lender as a precaution upon their arrival at the port of Piraeus.
The growth of trade in ancient Greece led to the development of financial techniques. Most merchants, lacking sufficient cash assets, resorted to borrowing to finance all or part of their expeditions. A typical loan for a large venture in 4th century BCE Athens, was generally a large sum of cash (usually less than 2,000 drachmas), lent for a short time (the length of the voyage, a matter of several weeks or months), at a high rate of interest (often 12% but reaching levels as high as 100%). The terms of the contract were always laid out in writing, differing from loans between friends. The lender bore all the risks of the journey, in exchange for which the borrower committed his cargo and his entire fleet, which were seized by the lender as a precaution upon their arrival at the port of Piraeus.