Economic Impact of the Iron Age

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Extensive trade together with economic growth became possible through the developments of the Iron Age. the Bronze and Iron Ages, were characterized by the rise and decline of many cultures and local concentrations of economic activity. Many settlements and cities rose during this period, only to often disappear again. (Of Mice and Merchants: Connectedness and the Location of Economic Activity in the Iron Age)  In the late sixth century, the economic and social structure of the classical Greek world took shape, as regional and local specialisation and trade networks reached a level that enabled significant (Wees, 21 July, 2022) . Societies practicing ironworking achieved economic success because they obtained high demand for their iron tools along with weapons. Cultural diffusion occurred through iron technology exchange because it enabled innovation transfer across different continents. Risks such as forest fires, earthquakes, plagues of locusts, droughts, floods, and landslides. Horden and Purcell (2000) stress that the combination of these factors creates ample opportunities for trade networks to mitigate shocks and exploit comparative advantage (Of Mice and Merchants: Connectedness and the Location of Economic Activity in the Iron Age). The development of iron-based infrastructure such as transportation routes and bridges through roads and bridges improved both movement and communication while enhancing overall economic productivity. Standardized iron currency created in certain societies led to improved organization within economic systems.