Do Now • Look at the Egyptian trade handout that you received. What did Egyptians import and from where? What did they export and from where?
Trade by land • Caravans moved slowly (only about 10 miles per day) • Faced sandstorms and robbers
Trade by sea • This was faster, but traders faced pirates • Also faced strong winds and rough waves in winter
Cost-benefit analysis • Traders tried to determine whether the economic benefit of doing something was worth the risk
Wrap Up What is a cost-benefit analysis? Why did early Egyptian traders create them?