User:NathanBrown823/Economy of Egypt

Egyptian Futures in the Early 1900s: Egyptian futures were a burgeoning new type of economic concept in the 1900s. Obviously they had not gotten to the point they are at in 2023, with puts and calls that are now labeled as "options". In Egypt in the 1900s, the futures that were available were really only concerning the most important parts of their economy that were most relevant for economists and financiers to be able to predict. The original assumption of this research was that oil futures would be the most relevant resource in the Egyptian economy. This proved false, however, after researching and understanding the lack of relevance that oil had in the early 1900s in Egypt. The reason oil had a lack of relevance in Egyptian futures is because of the control that the British had on the Egyptian economy and the potential industrial evolution that oil would later bring had not yet been discovered. This meant that cotton was the most relevant resource as it was used for far more things than oil, including but not limited to clothing, book bindings, and medical gauze. The history of Egyptian futures can be seen in a reoccurring article in the "Egyptian Gazette" called "Closing Reports Data". In this specific article, the steadiness of cotton as a resource can be seen as there is very little exaggerated change in the cotton futures contained in the article.