Egypt and Bank Misr essays

Egypt and Bank Misr essays Industrialization in Egypt is not a new phenomenon in fact; its been practiced over and over again through out its remarkable seven thousand years of history. Industrialization is the primary means of achieving economic development. In simpler terms it is only another step forward that civilizations go through once aware of the natural external forces surrounding them. In order to survive they must develop and this is only achieved through self actualization. Of course development has been practiced differently through out the centuries. For example, the Ancient Egyptians came to realize this concept and took effective measures to insure its prosperity. The Ancients realized that in order to grow and be strong they must feed the population. But to do so, they must protect it. So an army was needed to protect its development in agriculture. Egypts agriculture gave the means to founding the earliest stages of industrialization. From the wheat they made bread, in fact Egypt was considered to be the wheat basket of the world. From the cotton they produced textiles, which was the earliest form of industrialization in Egypts history. Another attempt at industrialization was done by Mohamed Ali. Conscious of his surroundings, he knew that the best way for Egypt to grow is through industrialization. The same concept of the ancients was applied too. He realized that growth can only be achieved through the control of agriculture. How ever Mahamed Ali had a different advantage from that of the ancients. Technology has improved over the centuries since the time of the ancients. So Mahamed Ali applied new technological methods in agriculture which enabled him to produce more. With enough food he was able to grow a strong army, and with the surplus he was able to trade thus establishing Egypts presences on the global market. Not only did he trade but he built infant textile industries to compete with the Bri...