Economy Of The Ethiopian Empire
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Economy Of The Ethiopian Empire
The economy of the Ethiopian Empire was dominated by the barter system, traditionally composed of Arab and Ethiopian Muslim caravans, and a strong trade culture nourished business within the feudal system. In medieval times, Harar became the center of commerce while imports and exports passed through the port of Zeila, operated by Muslim merchants, delivering commodities to the highland inhabitants through Aliyu Amba, which connected the Shewa and Arsi provinces. Starting during the reign of Menelik II, the Emperor of Ethiopia, modern banking institutions and currencies were introduced, including the Maria Theresa thaler in 1890 and Ethiopia's own currency, minted in Harar beginning in 1892. Despite these changes, the barter system continued into the early 20th century until the Italian occupation in 1936. The first national bank, the Bank of Abyssinia, was established by a fifty-year concession from the National Bank of Egypt in 1905, and had a monopoly on banking. In 1932, ...
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Barter System
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce. No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and an ...
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Provinces Of Ethiopia
Historically, Ethiopia was divided into provinces, further subdivided into ''awrajja''s or districts, until they were replaced by regions of Ethiopia, ethnically-based regions (''kililoch'') and chartered cities in 1995. History Pre-1936 Older provinces (existing prior to the 1936-41 Fascist Italian occupation), are still frequently used to indicate locations within Ethiopia. These include: 1942-1974 Ethiopia was divided into 12 provinces or governates-general (''taklai ghizat'') by Imperial Ethiopian Government Decree No. 1 of 1942 and later amendments. The 12 provinces were: Bale Province, Ethiopia, Bale was created as a 13th province when it was split off from Harrarghe in 1960. Eritrea Province, Eritrea was reunited with Ethiopia and made a 14th province in 1962. 1974-1991 When the Derg took power in 1974 they relabelled the provinces as regions (''kifle hager''). By 1981 Addis Ababa had become a separate administrative division from Shewa, and Aseb was split off from E ...
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Tigre People
The Tigre people ( tig, ትግረ ''tigre'' or ''tigrē'') are an ethnic group indigenous to Eritrea. They mainly inhabit the lowlands and northern highlands of Eritrea. History The Tigre are a nomadic agro-pastoralist community living in the northern, western, and coastal highlands of Eritrea (Gash-Barka, Anseba, Northern Red Sea regions of Eritrea and other regions too), as well as areas in eastern Sudan. The Tigre speak the Tigre language, which belongs to the Semitic branch of the Afroasiatic family. They are not ethnically homogeneous; diversity is mainly along familial and clan lines. The Tigre ethnic group is broken into the Beni-Amer, Beit Asgede, Ad Shaikh, Mensa, Beit Juk, and Marya peoples. The original speakers of the Tigre language were mainly Christian, reflecting cultural exchange with neighboring Ethiopia. The first Tigre converts to Islam were those who lived on islands in the Red Sea and adopted Islam in the 7th century during the religion's earliest year ...
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Amhara People
Amharas ( am, አማራ, Āmara; gez, ዐምሐራ, ʾÄməḥära) are a Semitic-speaking ethnic group which is indigenous to Ethiopia, traditionally inhabiting parts of the northwest Highlands of Ethiopia, particularly inhabiting the Amhara Region. According to the 2007 national census, Amharas numbered 19,867,817 individuals, comprising 26.9% of Ethiopia's population, and they are mostly Oriental Orthodox Christian (members of the Ethiopian Orthodox Tewahedo Church). They are also found within the Ethiopian expatriate community, particularly in North America. They speak Amharic, an Afro-Asiatic language of the Semitic branch which serves as one of the five official languages of Ethiopia. As of 2018, Amharic has over 32 million native speakers and 25 million second language speakers. Various scholars have classified the Amharas and neighboring populations as Abyssinians. Origin The earliest extants of the Amhara as a people, dates to the early 12th century in the middle ...
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Peasant
A peasant is a pre-industrial agricultural laborer or a farmer with limited land-ownership, especially one living in the Middle Ages under feudalism and paying rent, tax, fees, or services to a landlord. In Europe, three classes of peasants existed: slave, serf, and free tenant. Peasants might hold title to land either in fee simple or by any of several forms of land tenure, among them socage, quit-rent, leasehold, and copyhold. In some contexts, "peasant" has a pejorative meaning, even when referring to farm laborers. As early as in 13th-century Germany, the concept of "peasant" could imply "rustic" as well as "robber", as the English term villain/villein. In 21st-century English, the word "peasant" can mean "an ignorant, rude, or unsophisticated person". The word rose to renewed popularity in the 1940s–1960s as a collective term, often referring to rural populations of developing countries in general, as the "semantic successor to 'native', incorporating all its conde ...
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Ethiopian Empire
The Ethiopian Empire (), also formerly known by the exonym Abyssinia, or just simply known as Ethiopia (; Amharic and Tigrinya: ኢትዮጵያ , , Oromo: Itoophiyaa, Somali: Itoobiya, Afar: ''Itiyoophiyaa''), was an empire that historically spanned the geographical area of present-day Ethiopia and Eritrea from the establishment of the Solomonic dynasty by Yekuno Amlak approximately in 1270 until the 1974 coup d'etat of Emperor Haile Selassie by the Derg. By 1896, the Empire incorporated other regions such as Hararghe, Gurage and Wolayita, and saw its largest expansion with the federation of Eritrea in 1952. Throughout much of its existence, it was surrounded by hostile forces in the African Horn; however, it managed to develop and preserve a kingdom based on its ancient form of Christianity. Founded in 1270 by the Solomonic Dynasty nobleman Yekuno Amlak, who claimed to descend from the last Aksumite king and ultimately the Biblical Menelik I and the Queen of Sheba, i ...
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Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east and northeast, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia has a total area of . As of 2022, it is home to around 113.5 million inhabitants, making it the 13th-most populous country in the world and the 2nd-most populous in Africa after Nigeria. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African and Somali tectonic plates. Anatomically modern humans emerged from modern-day Ethiopia and set out to the Near East and elsewhere in the Middle Paleolithic period. Southwestern Ethiopia has been proposed as a possible homeland of the Afroasiatic langua ...
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Feudalism
Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in medieval Europe between the 9th and 15th centuries. Broadly defined, it was a way of structuring society around relationships that were derived from the holding of land in exchange for service or labour. Although it is derived from the Latin word ''feodum'' or ''feudum'' (fief), which was used during the Medieval period, the term ''feudalism'' and the system which it describes were not conceived of as a formal political system by the people who lived during the Middle Ages. The classic definition, by François Louis Ganshof (1944), François Louis Ganshof (1944). ''Qu'est-ce que la féodalité''. Translated into English by Philip Grierson as ''Feudalism'', with a foreword by F. M. Stenton, 1st ed.: New York and London, 1952; 2nd ed: 1961; 3rd ed.: 1976. describes a set of reciprocal legal and military obligations which existed am ...
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A Labourer Of Agame Colour
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it fro ...
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Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
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Five-Year Plans Of Ethiopia
Manufacturing in Ethiopia was, before 1957, dominated by cottage and handicraft industries which met most of the population's needs for manufactured goods such as clothes, ceramics, machine tools, and leather goods. Various factors – including the lack of basic infrastructure, the dearth of private and public investment, and the lack of any consistent public policy aimed at promoting industrial development – contributed to the insignificance of manufacturing. Five-year plans In 1957, Ethiopia initiated a series of five-year development plans. Throughout much of the 1960s and early 1970s, manufacturing activity increased as the government's five-year plans diversified the economy by encouraging agro-industrial activity and by substituting domestically produced goods for imported items. Thus, according to the World Bank, manufacturing production increased at an annual rate of 6.1 percent between 1965 and 1973. During the same period, agriculture grew at an annual 2.1 percent rat ...
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