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Volume :5 Issue : 18 1985      Add To Cart                                                                    Download

The Beginning Of Egyptian Capitalism And Its Impact Upon Economic Life (in Arabic)

Auther : Abdul Rahim Abdul Rahman

Egypt before the discovery of the cape of good hope (1498) was vital commercial center as well as a center of agricultural production. But the country was much more nearer to the Feudal than to the Capitalistic system. The economic life was therefore destroyed after the discovery of the Cape of Good Hope. After the Ottoman conquest of Egypt in 1517, the Egyptian Market acquired a certain stability and commercial life started place again, and the markets and the wekalat appeared then and the capital they owned started to develop. They therefore extended their activities all thoughout Egypt as well as in the Heiaz and the Yemen. The Society system appeared among many of these merchants and remained for two centuries: the 16th and the 17th. This can be considered as the real roots of Egyptian Capitalism. During this period also, the merchants were using their capital in the commercial field only.

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