Corinth and Its Economy
Present and past cultures have many similarities. One similarity comes to mind that stands above them all. I'm referring to the comparison of today's stock market to the exchange of goods within the ancient cities of Greece, in particular, the city of Corinth. One of the most economically important communities in ancient Greece was the city of Corinth. But what made Corinth, or Korinthos as known in those times, such a vital part of the country's commerce? After searching for an answer, I learned that Corinth's most advantageous asset was its geography. Corinth was favorably situated for trade by land and by sea. Located on the narrow Isthmus that connects southern and central Greece, Corinth possessed a unique location compared to any other city (Sacks 1995:66). This site not only allowed Corinth to manage the traffic along the Isthmus, but also made it simple to control passage between the Aegean and Ionian Seas. Another advantage given to this city was the development of a special roadbed built across the Isthmus enabling transshipment of cargo between seas. This emerged as a tremendous benefit to the transport of merchandise as seafarers preferred to avoid the arduous voyage around th
In my opinion, Corinth seemed to have it all figured out. Another key factor in this city's economy was the development of coinage. Smaller pottery turned out to be useful in the perfume industry as well. Among other products, beautifully painted pottery became one of the main exports of Corinth. Without ships, trade would have been very limited and the economy of cities like Corinth would have taken much longer to prosper. With its continuing economical prosperity, Corinth became the foremost Greek port and manufacturing center. One benefit of pottery was its ability to store. As lumber became available, Shipbuilding proved critical to expanding the transport of goods by sea. To defend the trade industry, they developed some of the most advanced and fastest warships of their time. As you can see, there were many factors that affected Corinth's economy. It provided the means to obtain products not available or found within Corinth's boundaries. One of the interesting facts I discovered throughout my research was the foundation of colonies by Corinth. Prior to this development, their way of doing business was based on a lateral exchange.
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