Thursday, August 18, 2016

Bartering in ancient Egypt

In early Egypt, as in other early societies people were every self-sufficient. Each family provided its own food, shelter and clothing. Then, as Egyptian civilization developed, people started to specialize. Money did not exist in ancient Egypt. Instead of making purchases the Egyptians traded their goods and services. This is called bartering

Most of of the trading between Egyptians simply involved swapping one object for another.

Wages in ancient Egypt were paid in food and clothing. Farm workers received wheat and barley in payment for their work. They could exchange a bag of grain to get pottery from a craftsman or clothing from a weaver.

Coins were not used in ancient Egypt until about 500 BC.  Before that time, there existed a system in which metals such as gold were given values based on their weight.

This unit of weight was called a ‘deben’. Deben was not used to buy things, Instead, it was used to set the value of goods and services for bartering.
Bartering in ancient Egypt

Related Posts Plugin for WordPress, Blogger...

Top popular articles

  • Lipids play a vital role in the metabolism of cells by providing a source of energy and reserve storage materials. There are many catalytic systems that ca...
  • As Momofuku Ando was passing by a black market area in Osaka soon after the Second World War, he happened to see a long line of hungry people waiting in th...
  • Buttermilk is a dairy ingredient widely used in the food industry because of its emulsifying capacity and its positive impact on flavor. Buttermilk was an ...
  • Nervous system disorders are among the most devastating human pathologies, affecting an ever increasing part of the population. It is indicative that withi...

Middle-East News

Latest articles in History of War