Question

What are the various ways economic historians measure well-being? If there is no modern economic data (such as per capita GDP), what are some proxies that economic historians use?

Why do you think coinage (money) was invented? Why did it happen in and near the Mediterranean?

Answer 1

Coinage = Money (in the Greek experience the two are equated) was invented in Greece or Asia Minor (Lydia) in the later seventh or earlier sixth century. The Greeks eagerly copied/adapted this innovation and it spread rapidly in their cities during the sixth century. The result was a profound transformation in Greek economy and society. Before the Greek adoption of coinage, the ancient Mediterranean world knew only primitive money, not money as we know it. Primitive money was incapable of generating the revolution that Greece experienced.

Step-by-step explanation:

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i only know for question 2