CCOT Chart for Foundations time period covering the topic of (Economic Systems)

By Brianna, Mariana , Geralyn, Cameron, Jeremiah

Era

Regio
n
South
Asia

East
Asia

West
Asia

3-5 Specific, Relevant

Examples of the Theme

-economic organizations were

more complex
- traded extensively
-conquered many new territories

Europe

3-5 Key Continuities

from the Previous Period
(Not specific to one
region)

I. Experimented
with banking
and new ideas of
credit

-Importers of fresh fruits and

vegetables
-Free and flexible labor and
other markets are other
important factors making for
high levels of business-economic
-East Asia, trading systems are
relatively open

A. Taxation was
still applied to
citizens for gov.

-Increase of foreign imports

-Romans develop banking, the
profits of which solely derived
from services.
-Agriculture expansion (corn)
-At the end of the foundation
era, the Romans adopted a barter
system because of a decline in
roman currency

North
Africa

II. Monetary
systems were
created.
B.Hunting/gathering
and agriculture are
still used

III. Trading of
luxury items
became
prominent.
IV. Disease was
developed

-Traders sold ivory from

elephant tusks
-North Africa began using
monetary currency
(gold,silver,bronze)

Analysis of Changes AND

Analysis of Continuities

I. Banking was introduced by the

Romans in c 30 BCE and allowed
for deposits, interest and to change
money.
II. Even though there wasnt a
single currency, coins were minted
and used as money in place of a
barter system. This allowed for fair
trade

III. As more trade routes were set

up to connect the world, people
encountered products that were
specialized to areas, which led to the
trading of luxury goods such as silk
and gold.

-Some hunting/gathering
-agriculture was their main
source of food
-A lot of trading overland routes:
Silk Road and Indian Ocean
Trade
-Bartering and coin use for
economic exchanges
-bronze, silver, and gold coins
were invented

Foun
datio
ns

3-5 Key Changes

from the Previous
Period (Not specific
to one region)

C. Nomadic
Societies

A. Taxation has always been

important to ensure that the
government can continue to do
things for the citizens. This
includes building roads, and
supporting common resources. A
census was created for tax
purposes as well.

B. Some hunter/Gatherer societies still

exist but agriculture has evolved to
become the primary source of food.
Without the surplus of food that
agriculture gives us, we possibly would
have ran out of food.
C. Nomadic societies were the original
forms of civilizations and are still present
at the end of the foundations era just not
as prominent.