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The average rate of inflation in Greece during the 80s was 19%, which was three times the EU average. The Greek budget deficit also rose very substantially during the 80s, peaking at 9% in 1985. [21] In the late 80s Greece implemented stabilization programs, cutting inflation from 25% in 1985 to 16% in 1987.
The economy of ancient Greece was defined largely by the region's dependence on imported goods. As a result of the poor quality of Greece 's soil, agricultural trade was of particular importance. The impact of limited crop production was somewhat offset by Greece's paramount location, as its position in the Mediterranean gave its provinces ...
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
The Parthenon, a temple dedicated to Athena, located on the Acropolis in Athens, is one of the most representative symbols of the culture and sophistication of the ancient Greeks. Ancient Greece (Ancient Greek: Ἑλλάς, romanized: Hellás) was a northeastern Mediterranean civilization, existing from the Greek Dark Ages of the 12th–9th ...
There were two forms of education in ancient Greece: formal and informal. Formal education was attained through attendance to a public school or was provided by a hired tutor. Informal education was provided by an unpaid teacher and occurred in a non-public setting. Education was an essential component of a person's identity.
The history of accounting or accountancy can be traced to ancient civilizations. [ 1 ][ 2 ][ 3 ] The early development of accounting dates to ancient Mesopotamia, and is closely related to developments in writing, counting and money [ 1 ][ 4 ][ 5 ] and early auditing systems by the ancient Egyptians and Babylonians. [ 2 ]
Ancient Greek laws consist of the laws and legal institutions of ancient Greece. The existence of certain general principles of law in ancient Greece is implied by the custom of settling a difference between two Greek states, or between members of a single state, by resorting to external arbitration. The general unity of ancient Greek law shows ...
The Parthenon, in Athens, a temple to Athena. Classical Greece was a period of around 200 years (the 5th and 4th centuries BC) in Ancient Greece, [1] marked by much of the eastern Aegean and northern regions of Greek culture (such as Ionia and Macedonia) gaining increased autonomy from the Persian Empire; the peak flourishing of democratic Athens; the First and Second Peloponnesian Wars; the ...
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