Reprint of the original, first published in 1882.

This detailed study of the Egyptian economic and financial development, originally published in 1935, attempts to both present a clear understanding of the environmental factors of the monetary institutions and to trace the influence which these institutions have had upon the country’s economic organisation. First published in 1935.

These pages challenge a historical heresy. They refuse to join in the chorus led by Milner, Colvin, and Cromer, and to agree that Ismail Pasha, the first Khedive of Egypt, was a spendthrift, a voluptuary, and a thief. Not even great names can stand up against facts and figures culled from official sources.