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===Conclusion===
During the first millennium BC, the Phoenicians were the premier merchants and business men of the Mediterranean basin. They monopolized the timber trade and manufactured many products, such as Tyrian purple, which ultimately made them the wealthiest group of people during the period. The Phoenicians were able to accomplish this through fearless exploration expeditions, which allowed them to claim new, resource rich lands for colonization. Once they established more and more cities, the Phoenicians were able to monopolize the products that were in the highest demand, moving them through their well-developed trade routes.
===References===