1. Notes: The Phoenicians & The Lydians

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

3. Built Cities on the east coast of the Mediterranean Sea Phoenicians

4. Ships –cedar wood

5. Phoenicians Fearless sailors and the ancient world’s greatest traders

6. 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

7. 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

8. 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

9. 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