Economies of the Ancient and Medieval World: Checkpoint 1

Quick checkpoint - five questions on pre-modern economies, Mesopotamia, Egypt, the first coins and Rome.

Question 1 of 5 What share of people typically worked in agriculture in pre-modern economies?

About 10 percent About 30 percent Often 80 to 90 percent None

Most people were farmers, with small surpluses.

Question 2 of 5 What was early Mesopotamian writing mainly used for?

Poetry Recording accounts of goods, labour and debts Maps Music

Cuneiform began as a tool for accounting.

Question 3 of 5 How were taxes in ancient Egypt often set?

By the pharaoh's mood By Nile flood levels and expected harvests By population only There were no taxes

Nilometers measured floods to predict harvests.

Question 4 of 5 Where were some of the first coins produced around 600 BCE?

China Lydia India Egypt

Lydian coins were stamped lumps of electrum.

Question 5 of 5 What caused inflation in the Roman Empire in the third century?

Too much gold Debasement of the silver denarius Paper money Falling population

Emperors reduced silver content to pay armies, and prices rose.

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