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If the Bible was begun with the books of law and rites in around the 10th c or 11th, after the Israelite had moved down into the vacated Canaanite land (the Exodus and Conquest as described in the Bible looking doubtful) the creation -myths current in Babylon and early Assyriawould have become known to the writers and just as the Babylonians appropriated the sumerian Creation-myth and Flood of Ut-Napishtim, for Bel-Mardul and the Assyrians in their turn made Asshur the god of the Creation - myth, The Israelites bade their god the creator and based their own Flood-legend on that. For some reason they supposed that being brought to Caanan from else where by God was better than having grown up amongst the other pagan tribes, do they had them coming from Egypt, led by Moses, a son of the Levites placed in a basket, dumped in the Nile, found by Pharaoh's daughter and brought up to a ranking position in the Egyptian court. Until he ledthe israelites out of Egypt and into Canaan.
Why Egypt rather than Mesopotamia the land of Abraham? Why the Bulrushes thing?
Lighting on the story of Sargon which is so similar suggests and element that was worked into the story of a simple man rising to leadership. And I rather like the idea that a folk - legend the Israelites remembered about Pharaoah Amose driving the Hyksos out of Egypt and back into Canaan from whence they had originated, and made him Moses, of the Egyptian rulership, but siding with the jews and leading rather than driving them, out of Egypt and into Canaan.