Banking, Trade Commerce In Ancient Phoenicia

By Michael Arnold at The Collector

“The turn of the 12th century BC in the Eastern Mediterranean was a turbulent time, to say the least. Because of reasons unknown, numerous tribes of barbarian seafarers were ejected from their homes in the northern Aegean around 1,200. The tribes formed a confederation and came sweeping into Anatolia and the Near East on a bloodthirsty rampage.

Mycenaeans ruling from the island of Crete were first to feel their wrath. The Sea Peoples torched Knossos and sent ancient Greece spiraling into a dark age. Then they landed on the shores of Egypt but were repelled by the forces of Ramses III after a hard-fought war. Despite being victorious, Egypt’s conflict with the Sea Peoples jeopardized its colonies in the Levant and plunged the state into a thousand-year decline.

The Hittite Empire, located in modern-day Turkey, also faced the onslaught of these marauding refugees: it was wiped off the face of the earth entirely. But there was one civilization that survived this calamity: ancient Phoenicia”.

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