What was the money system in the Inca empire like?

The Incas did not use money, in fact they did not need it. Their economy was so efficiently planned that every citizen had their basic needs met. Economic exchanges were made using the barter system by which people traded with each other for things they needed.

Did the Incas have a trade network?

During the relatively short span of the Inca Empire, from 1438 to 1533, Inca society developed an impressive economic system, which allowed for extensive agricultural production, as well as for trade of goods between communities across vast distances.

What contributions did the Incas make to the world?

Here are 8 amazing things you didn’t know the Incas invented.

• Roads.
• A communications network.
• An accounting system.
• Terraces.
• Freeze drying.
• Brain surgery.
• An effective government.
• Rope bridges.

What resources did the Inca use?

The main resources available to the Inca Empire were agricultural land and labor, mines (producing precious and prestigious metals such as gold, silver or copper), and fresh water, abundant everywhere except along the desert coast.

What was the Inca economy based on?

Incan economics and politics were based on Andean traditions. In order to financially support the empire, the Incas developed a somewhat Socialistic system of labor taxation. Without any form of currency, they limited the role of markets and carried out the exchange of many of their products through political channels.

Was the Inca economy based on a division of social classes?

The Inca society was based around strict social classes. Few people had the opportunity to improve their social status. Once a person was born into a social class, that was where they would remain for the rest of their life.

What were 2 inventions that the Incas created?

What inventions did the Incas make?

Some of their most impressive inventions were roads and bridges, including suspension bridges, which use thick cables to hold up the walkway. Their communication system was called quipu, a system of strings and knots that recorded information.