Monday, April 26, 2010

Greek Economy In Trouble


http://www.historyforkids.org/learn/greeks/economy/

"The word "economy" is Greek, but to the Greeks it meant something like "rules of a household" (the "eco" part of economy is from the Greek word for house, "oikos", and the "nomy" part is from their word for law). Because they did not think about the economy as a whole, it is hard to talk of a government economic policy." As we study Greek's past, examine Greek's present economic stress and what solution they are asking from the EU.

17 comments:

  1. Many Greeks were sailors and sailed all over the Eastern Mediterranean, and has continued ever since the stone age to now. Sailing gave people many ways to have a good living from one task. Sailors could fish and eat and sell the fish they collected, others were traders who traded goods at different ports and made profits for themselves along the way. Other Greeks were soldiers for their city-state who conquered other cities and forced them to pay tribute.

    http://www.historyforkids.org/learn/greeks/economy/

    ReplyDelete
  2. Emily3 Danielle3 Sammy3April 28, 2010 at 10:59 AM

    The Greeks were soldiers and they worked for the city state where they had to take over other cities and they forced them to pay tribute. The Greeks didn't have the same thoughts about economy that we do. Although the Greek's don't have a policy, people there still do the basic things that an economy consists of. A lot of Greeks were Sailors and they sailed all through the Eastern Mediterranean. The Greek sailors found different ways to make a living out of their sailing. Some of the sailors were fisherman and they sold their fish which was an economic thing but to them it wouldn't be considered economy.

    http://www.historyforkids.org/learn/greeks/economy/

    ReplyDelete
  3. Tiffany3, Anthony3April 28, 2010 at 11:08 AM

    Greek sailors have found a lot of different ways to make a living from sailing. Some greeks were traders who bought things from one port, and sold them at another and they made a profit for themselves that way. Some Greeks were pirates and stole whatever they could, but sometimes they sold themselves out as mercenaries which means they hired themselves and their ships to fight for other countries like Egypt.

    ReplyDelete
  4. sean5, maddie5, Eric N5, sydney5April 28, 2010 at 1:33 PM

    The Greeks did not have the same idea of an economy that we have. Because they did not think about the economy as a whole, it is hard to talk of a government economic policy. But even without any policy, people do still make things, use things, buy things, and sell things, and that is what an economy is. Even as far back as the Stone Age, many Greeks were sailors, and sailed all over the Eastern Mediterranean. Like many other sailors in other places and times (like the Vikings for example), the Greek sailors seem to have found a lot of different ways to make their living from sailing.

    http://www.historyforkids.org/learn/greeks/economy/

    ReplyDelete
  5. Paige5,Racheal5,Casey5April 28, 2010 at 1:34 PM

    The climate and soil in Greece is not ideal for growing crops. In the Bronze age, Greece could not feed the growing population. This forced the Greek people to rely more on fishing, trading, and fighting. But one the Greek population started to decrease, the people went back to raising cattle instead of sheep.

    http://www.historyforkids.org/learn/greeks/economy/archaic.htm

    ReplyDelete
  6. Matt 5, Reese 5, Lauren 5, Mauricio 5April 28, 2010 at 1:35 PM

    Many Greeks were sailors who were fisherman and sold some fish in markets. Some Greeks were traders while others were soldiers for their city-state. Lastly, some were pirates who raided wherever they could. Greece is in terrible economic trouble right now. They asked for a bailout from the European Union, but were shocked when they lost the vote. It is very sad because Greece invented the true meaning of economy and now they are in desperate times.

    http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7252288/Greece-loses-EU-voting-power-in-blow-to-sovereignty.html

    http://www.historyforkids.org/learn/greeks/economy/

    ReplyDelete
  7. Casey 3 Kaylee 3 Dinnah 3 Azalee 3 Ricardo 3April 29, 2010 at 10:03 AM

    In the ancient times the greek's were sailors. They travled through the eastern mediterrean sea. The Greeks were similar to the vikings because they both find ways to live on the sea. They made a living by making profit with selling fish. Also the Greeks were hired a mercenaries to fight countries like egypt. The Greeks had a way diffrent economy in the past compared to the future.

    ReplyDelete
  8. Tarilyn, Gillian, Michelle, Tyler 3April 29, 2010 at 10:15 AM

    The Greeks present economic stress and the solution tfor everything is that they did not relly have a great economy. Their economy all around was not the best. The environment all around were not good. IT was not the ideal place to gro crops and things like that becaus of the different climate. Even back in the history of the Greeks, they were dfferent and did not rally make big progress in a lot of things.
    http://www.historyforkids.org/learn/greeks/economy/

    ReplyDelete
  9. Noelani5, Kevin5, Priscilla5April 29, 2010 at 1:03 PM

    Many Greeks were sailers and they sailed all over the Mediterranean Sea. They used sources of the sea to make profits. Some fisherman would sell the fish and others would sell the fish at different ports for other things. The Greeks economic stress was also because of the climate and soil. Their soil was not efficient for growing crops and the population of Greece began to grow in the Bronze Age. Greeks became familiar with farming, hunting, and gathering. During the Peloponnesian War, Greeks were busy fighting each other, and the economy suffered. Many people went hungry and Greeks became much poorer than they had been before.

    http://www.historyforkids.org/learn/greeks/economy/classical.htm

    ReplyDelete
  10. Eric M, Brian, Andres 5April 29, 2010 at 1:16 PM

    The greeks thought of the word "economy" as something besides what we have the meaning for it today. They didnt really have a great economy as for what they show. Some things they would depend on were the capture of fish, so they can eat them, sell them and just simply collect them, a so the vikings did also. They both found ways to use the sea to there advantage and progress in there economy. The greeks were pretty much just sailors, fisherman, soldiers and towns people. So the greeks didnt think of the economy as something whole, but they still would do things that are as far as we know an economy in its functional structure.

    ReplyDelete
  11. Greek economy was not as simple as todays economy. The Greeks had many jobs that would affect how they live and what they do for a living. Some Greeks would become fishermen which meant that what they ate mostly was fish and they would get money from selling fish in the marketplace. Some were traders, they bought things at one place and sold them at another place. Some Greeks were soldiers who conquered cities and some were mercenaries that hired themselves and their ships to fight for other countries such as Egypt. Finally, some were pirates who robbed people and get what they could.

    ReplyDelete
  12. Elise3, Kyla3, Natalia3, Sammy3May 5, 2010 at 10:52 AM

    The main economy of Greece has been based on the jobs involving the sea. They had sailors, pirates, soldiers, mercenaries and fisherman. Since then, those jobs haven't been paying enough money so their economy is suffering. The people have asked for a bail out from the EU but have so far been denied. This is causing additional stress and riots.

    http://www.telegraph.co.uk/news/worldnews/europe/germany/7682474/Angela-Merkels-party-faces-defeat-in-regional-elections-after-Greek-bailout.html

    ReplyDelete
  13. The ancient Greek economy was simpler than todays but not without stress too. Today's Greek economic status is still dealing with the effects of the ancient economy. The ancient economy was less of an economy and more of a simple law or way of life. Many people were farmers and sailors and sailed all around the world. They gave way for more urbanization. Since there was no structural system the Greek economy today, is having trouble.

    ReplyDelete
  14. Greek's economic in present day is really good because they worked on what to do and what to don't do and plus they learned from their mistakes from the pass. The solution they are asking from EU is to help them to help you. They use them to learn from and get better at what they are doing. The economic is now good in that country because of what they did to fix it.

    ReplyDelete
  15. In the first weeks of 2010, there was renewed anxiety about excessive national debt. The CEE Council has argued that the predicament some mainland EU countries find themselves in today is the result of a combination of factors, including over-expansion of the eurozone, and a combination of the worst traits of Keynesian profligacy with rigid monetarist policy, tax evasion, pursued by local policy makers and complacent EU central bankers.
    Some senior German policy makers went as far as to say that emergency bailouts should bring harsh penalties to EU aid recipients such as Greece. However, such plans have been described as unacceptable infringements on the sovereignty of eurozone member states and are opposed by key EU nations such as France.
    There has also been criticism against speculators manipulating markets: Angela Merkel stated that "institutions bailed out with public funds are exploiting the budget crisis in Greece and elsewhere".

    ReplyDelete
  16. chris5 garrett15, daneil5May 13, 2010 at 1:22 PM

    Greek economy was not as easy as it is in todays world the greeks had so many jobs and with all those jobs it affects them in lots of ways even some of them would be fisherman and with being a fisherman they would have to eat the fish.

    ReplyDelete
  17. chris5 garrett15, daneil5 you can not know every thing about greek ecenomy. Well you can have some ideas but cant know everything. Because you are not living at Greece. Maybe who is living at Greece they don't know everything about Greek econ. For example, I'm from Turkey I really don't know everthing about Turkish econ.

    ReplyDelete