Economic Development
Ancient History branche has the longest and oldest economic history. Humanity originated in Africa, and as soon as human societies existed so did economic activity. Earliest humans were hunter gatherers living in small, family groupings. Even then there was considerable trade that could cover long distances. Archaeologists have found that evidence of trade in luxury items like precious metals and shells across the entirety of the continent. These economic activities did not use money.
The empire of Ghana, under the leadership of Tenkamenin in 1062 A.D., experienced an economic, political and cultural golden age. Its organization, military strength (200,000 military professionals) and economic prosperity could be compared favorably to many of the kingdoms of Europe of the time
In 1324 A.D., Mansa Musa, the king of Mali, made a historically famous Hajj (pilgrimage) to Mecca. There was an enormous group organized to undertake the Hajj with the king. It included "60,000 men, including 1200 servants" and records show that Mansa Musa gave out so much gold in Egypt, that its economy became depressed.
Read more about this topic: Economy Of Africa
Famous quotes containing the words economic and/or development:
“The bourgeois takes economic power very seriously, and often worships it quite unselfishly.”
—Nicolai A. Berdyaev (1874–1948)
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