Notes: The Phoenicians

&The Lydians

Phoenicians• Lived near the sea and depended on it for their living

• Built Cities on the east coast of the Mediterranean Sea

Phoenicians

Phoenicians

• Ships –cedar wood

Phoenicians• Fearless sailors and the

ancient world’s greatest traders

Phoenicians• Brought a system of picture

symbols from the Seiretes and added their own symbols to develop an alphabet

• Used their alphabet to keep business records for trading

• First people to use coined money made by their government. (earlier people bartered-

exchanging/trading one good or service for another.)

To work, coins had to be• Accepted by everybody• Light enough to carry

(gold/silver)• Identifiable- stamped with

the mark of the king

Lydians

Lydians•Money was used

to set prices for goods and services•Became a Money

Economy- an economic system based on the use of money instead of bartering

Phoenicians• Lived near the sea and

depended on it for their living • Built Cities on the east coast

of the Mediterranean Sea• Ships –cedar wood• Fearless sailors and the

ancient world’s greatest traders• Brought a system of picture

symbols from the Seiretes and added their own symbols to develop an alphabet

• Used their alphabet to keep business records for trading

Lydians• First people to use coined money

made by their government.(earlier people bartered- exchanging/trading one good or service for another.)

TO WORK, COINS HAD TO BE:• Accepted by everybody• Light enough to carry (gold/silver)• Identifiable- stamped with the

mark of the king• Money was used to set prices for

goods and services• Became a Money Economy- an

economic system based on the use of money instead of bartering