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The Origins of Business, Money, and Markets$
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Keith Roberts

Print publication date: 2015

Print ISBN-13: 9780231153270

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231153270.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 25 September 2021

Hellenistic Business

Hellenistic Business

(p.116) 7 Hellenistic Business
The Origins of Business, Money, and Markets

Keith Roberts

Columbia University Press

This chapter describes major new developments in Hellenistic business. The Hellenistic kingdoms formed a large new market for goods and services. In trade, an enthusiastic expansion of international procurement inspired trade routes to Yemen, the Sudan, India, and China. Farms became agribusinesses where conditions in Egypt, Greece, and Pergamum created reliable access to the cash purchasing power of urban markets, to landowners eager to increase their wealth, and to opportunities to regulate or coerce farmers into a more cash crop orientation. The Hellenistic Era also provided expanded opportunities for the professions; in banking the Bank of the Ptolemies became the ancient world's first and only branch banking system.

Keywords:   Hellenistic business, business environment, trade routes, agribusiness, banking, Bank of the Ptolemies

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