Economy
For centuries the Swahili depended greatly on trade from the Indian Ocean. The Swahili have played a vital role as middle man between east, central and South Africa, and the outside world. Trade contacts have been noted as early as 100 AD. by early Roman writers who visited the East African coast in the 1st century. Trade routes extended from Somalia to Tanzania into modern day Zaire, along which goods were brought to the coasts and were sold to Arab, Indian, and Portuguese traders. Historical and archaeological records attest to Swahilis being prolific maritime merchants and sailors who sailed the East African coastline to lands as far away as Arabia, Persia, Madagascar, India and even China. Chinese pottery and Arabian beads have been found in the ruins of Great Zimbabwe. During the apogee of the Middle Ages, ivory and slaves became a substantial source of revenue. Many slaves sold in Zanzibar ended up in Brazil, which was then a Portuguese colony. Swahili fishermen of today still rely on the ocean to supply their primary source of income. Fish is sold to their inland neighbors in exchange for products of the interior.
Read more about this topic: Swahili People
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)