Assignment:
List two major contributions to economic development of the Phoenicians.
1. What were the motivations for early colonization efforts of the Greek city states?
2. Why was the innovation of coinage by the Greeks so important for economic development?
3. How did the Pax Romana foster economic development?
4. Give details as to why each of the following may explain why Great Britain industrialized first and provide any weaknesses of each argument:
a. Superior technological creativity
b. Early establishment of a patent system
c. Participation in foreign trade.