Ancient Egyptian Economy Facts

1. Agriculture was the backbone of the ancient Egyptian economy. The Nile River provided fertile land for farming crops such as wheat, barley, flax, and vegetables. 2. Taxes were an important source of income for the ancient Egyptian government. Citizens paid taxes in the form of crops, livestock, and labor. 3. Trade was a vital part of the ancient Egyptian economy. Egypt exported goods such as gold, ebony, ivory, and textiles, while importing items such as cedar wood, incense, and exotic animals. 4. The ancient Egyptians were  craftsmen and produced items such as pottery, jewelry, and clothing. These goods were often traded and sold to other civilizations.

5. Slavery was a part of the ancient Egyptian economy. With many slaves being captured during wars and forced to work on agriculture or construction projects. 6. In fact, the invention of the shadoof, a water-lifting device, allowed for irrigation and increased agricultural production. 7. The pharaohs played an important role in the ancient Egyptian economy as they controlled the country’s resources and oversaw the collection of taxes. 8. In fact, the use of a barter system was prevalent in the ancient Egyptian economy. With goods such as grain, cloth, and tools being exchanged for other goods or services. 9. The ancient Egyptians also used a currency system, with silver and copper being the most commonly used materials. 10. The economy of ancient Egypt was relatively stable and prosperous until the invasion of foreign powers in the late period.

In addition of Ancient Egyptian Economy Facts

11. One of the significant Egyptian industries was beer brewing, which played an essential role in religious ceremonies and festivals. 12. Ancient Egyptians used a system of measurement based on a cubit, a unit of linear measurement that was the length from a person’s elbow to their fingertips. 13. Mining was also a significant part of the ancient Egyptian economy, especially for gold and copper. 14. Ancient Egypt was a hierarchical society, which meant people’s status and occupation were often determined by their birth and their family’s occupation. 15. The ancient Egyptian economy also had a sophisticated banking system, with granaries serving as banks, and the use of promissory notes and cheques.