Trade, Money and Markets

Assyrian Merchants at Kanesh

Thousands of clay tablets from Kanesh in Anatolia reveal how Assyrian families ran private trade in tin, textiles and silver about four thousand years ago.

On this page
  1. A trading community preserved in clay
  2. What was traded
  3. Family firms and partnerships
  4. Credit, contracts and law
  5. Dating and the end of the colony
  6. Why the archive matters

A trading community preserved in clay

Among the best sources for early private commerce are the tablets from Kanesh, a city whose ruins form the mound of Kültepe near Kayseri in central Turkey. Excavations there have produced many thousands of cuneiform tablets, commonly given as more than twenty thousand, written mostly in the Old Assyrian dialect of Akkadian. They date from roughly the twentieth to the eighteenth centuries BCE. Kanesh was an Anatolian city with its own local rulers, and next to it lay a separate quarter, called a karum (“harbour” or “quay” in Akkadian, used for a merchant colony), where merchants from the city of Assur lived and did business.

These are mostly not royal inscriptions. They are letters, contracts, loan notes, receipts and legal records kept in family houses. That is why they matter: they show people in business, not kings in monuments. They give a view of Kanesh merchant colonies that few other ancient sources can match.

What was traded

Assur lay on the Tigris in northern Mesopotamia. Its merchants moved two main goods to Anatolia. One was tin, which was needed for making bronze and probably reached Assur from the east, though the exact origin is still discussed. The other was woven textiles, some made in Assur by women of the merchants’ households and some acquired from Babylonian sources. We discuss why tin mattered in bronze alloying.

In return the merchants took back silver, and to a lesser extent gold. Silver was the unit of account, and prices, debts and profits are all stated in it. The merchants moved goods by donkey caravan, and the texts mention costs for animals, drivers, tolls and taxes along the way. Local Anatolian rulers took a share, and the tablets show negotiations over what could be bought and sold.

Family firms and partnerships

The business was organised around families. A father in Assur might send goods and instructions, while sons or relatives living in Kanesh sold them and sent silver back. Women were active as well. Wives and daughters in Assur wove textiles, managed households and wrote letters to men abroad, sometimes complaining about unpaid silver or demanding news. Some of the letters are lively and personal, which gives the archive a human tone.

Merchants also pooled money. Investors could put up capital, and traveling agents carried and sold goods on their behalf, with profits shared according to agreed terms. Such arrangements are sometimes compared to later partnerships, though it is safer to describe them as practices of their own time than as direct ancestors of modern companies.

Credit, contracts and law

Much of the trade ran on credit. Debt notes recorded who owed what, often with interest, and creditors could reclaim from debtors or sureties. Tablets were sealed in clay envelopes, and the seals identified the people involved, protecting against alteration. Disputes were handled by councils of merchants in the karum, with the assembly in Assur providing higher authority. The wider background of written contracts is explored in cuneiform writing.

Besides trade, the archive documents ordinary life: marriages, including some between Assyrian men and local Anatolian women, inheritance, and disputes between relatives. Names of Anatolian people appear throughout, and this has helped linguists identify early Indo-European languages in the region, including the ancestors of Hittite. That language and its kingdom are discussed in Hittite kingdom, which emerged in the same broad area some time later.

Dating and the end of the colony

Kanesh has several occupation levels. The main archives come from the layers conventionally called Level II and Level Ib. Level II ended in a destruction by fire, and Level Ib shows a smaller, later phase of trade. The dating of these layers relies partly on the Old Assyrian system of naming each year after an official, a limmu, and the debate over how to connect these names to absolute dates is part of the larger question of Near Eastern chronology. As a result, the figures given for Kanesh in different books vary by a few decades.

The reasons for the end of the colony are not certain. Political change in Anatolia and the rise of other powers probably played a part, and the Assyrian trade seems not to have continued at the same scale. Later Assyrian history is covered in Assyrian Empire, which grew from the same city centuries later.

Why the archive matters

The Kanesh tablets show that long-distance trade in the early second millennium BCE could be driven by private families rather than only by palaces. They illustrate silver used as money by weight, long before coins, and they preserve the kind of day-to-day detail on costs, risks and family relations that kings’ inscriptions leave out.

They also remind us how much depends on chance survival. Only a part of the site has been excavated, many tablets have still to be fully published, and scholars continue to revise their understanding of the numbers, the dates and the routes. Anything written about it should be read as the current picture, not a final one.

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