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287455

The Impact of Markets and Roads on the Domestic and Foreign commercial Financial Transactions in Egypt during Greco Roman Period

Article

Last updated: 29 Dec 2024

Subjects

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Tags

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Abstract

Trade began in the Predynastic period in Egypt and continued through Roman Egypt. Foreign trade and contacts with other lands attracted covetous attention from abroad. Temples used agents for internal trade and local markets flourished. Trade and communication between the Pharaoh and foreign rulers established Egypt as a powerful unified nation in the ancient world. Trade routes were established over time to Nubia, Punt, Cyprus, Syria, Greece and Crete. In addition, ancient Egypt traded goods with other countries such as Asia Minor, Libya, Mesopotamia and Arabia. Egypt and its neighbors through the Ptolemaic period used the economic and artistic exchange system. Trade flourished through an exchange of goods and services based on a standard of value both parties considered fair. The economy of the Roman Empire was an exchange economy.
The currency was not known in Egypt until after the fourth century B.C when it was introduced from Greece. Ancient Egypt knew the currency system only in late times. Ancient Egypt's economy operated on a barter system without cash. Social change that the Ptolemais introduced in Egypt such as coinage. Therefore, the Greco Roman world indicates clear historical correlations between monetization and the developments of markets. The Ptolemaic initially issued gold, silver and bronze coins. As well as Egypt was very much a part of the Roman administration, because of the economic importance of its agricultural resources, its geographic location on trade routes from the Red Sea and Nubia.

DOI

10.21608/ijtah.2023.185463.1039

Keywords

market, harbor, Trade, financial, Road

Authors

First Name

Doaa

Last Name

Fadel

MiddleName

Ragab

Affiliation

High Institute of Tourism & Hotels - King Marriott – Alexandria

Email

doaa.fadel1985@gmail.com

City

-

Orcid

https://orcid.org/00

Volume

3

Article Issue

1

Related Issue

39173

Issue Date

2023-01-01

Receive Date

2023-01-04

Publish Date

2023-01-01

Page Start

279

Page End

329

Print ISSN

2812-6033

Online ISSN

2812-6041

Link

https://ijtah.journals.ekb.eg/article_287455.html

Detail API

https://ijtah.journals.ekb.eg/service?article_code=287455

Order

16

Type

Research Articles

Type Code

2,415

Publication Type

Journal

Publication Title

International Journal of Tourism, Archaeology and Hospitality

Publication Link

https://ijtah.journals.ekb.eg/

MainTitle

The Impact of Markets and Roads on the Domestic and Foreign commercial Financial Transactions in Egypt during Greco Roman Period

Details

Type

Article

Created At

29 Dec 2024