How the Mongols Changed Trade, War, and Globalization — Fexingo History

Mongol Paper Money: Khubilai's Economic Revolution

3 min · 2. juni 2026
episode Mongol Paper Money: Khubilai's Economic Revolution cover

Description

In this episode, Lucas and Luna explore how Khubilai Khan introduced the world's first government-backed paper currency, the chao, to unify the Yuan Dynasty's vast economy. They trace its origins from Chinese Song dynasty jiaozi to Mongol innovations, examine how Marco Polo marveled at the system, and discuss the inflationary collapse under later Yuan rulers. The conversation covers the role of the ortogh merchant associations, the use of mulberry-bark paper and red seals, and the challenges of managing a multi-currency empire. Lucas explains how this early experiment in fiat money paved the way for modern central banking, and reflects on the delicate balance between trust and coercion in monetary systems. A fascinating look at economic globalization 700 years before the Federal Reserve. #MongolEmpire #KhubilaiKhan #YuanDynasty #PaperMoney #Chao #EconomicHistory #MarcoPolo #Ortogh #FiatCurrency #Inflation #CentralBanking #SongDynasty #PaxMongolica #Khanbaliq #History #FexingoHistory #Globalization #MedievalEconomy Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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88 episodes

episode Mongol Military Innovation: Composite Bow and Steppe Warfare artwork

Mongol Military Innovation: Composite Bow and Steppe Warfare

In this episode, Lucas and Luna explore the technological and tactical innovations that made the Mongol army unstoppable. They focus on the composite recurve bow—its construction, range, and how it shaped steppe warfare. The discussion covers the Mongol horse archer's training, the use of the thumb ring, and the strategic brilliance of feigned retreats. They also touch on how the Mongols adapted siege warfare from Chinese and Persian engineers, and how their military organization under the decimal system (arban, zuun, mingghan, tumen) enabled unprecedented coordination. The conversation highlights specific battles, such as the 1241 Battle of Mohi, where Mongol tactics crushed European forces. Lucas explains the role of the keshik (imperial guard) as a training ground for commanders. The episode also reveals the psychological warfare tactics—like using captured troops as human shields—and how Mongol archery influenced later cavalry tactics from the Mamluks to the Ottoman Empire. A donation segment near the end reminds listeners that small contributions keep the show ad-free. #MongolCompositeBow #HorseArcher #SiegeWarfare #BattleOfMohi #FeignedRetreat #ThumbRing #Keshik #DecimalSystem #SteppeWarfare #MongolMilitary #GenghisKhan #Subotai #Tumen #Mingghan #Arban #History #FexingoHistory #MilitaryHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

9. juni 20266 min
episode Mongol Espionage: The Spies Who Held an Empire Together artwork

Mongol Espionage: The Spies Who Held an Empire Together

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9. juni 20266 min
episode Genghis Khan's Universal Law: The Yassa Code That Ruled an Empire artwork

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Yesterday6 min
episode The Yam System: Mongols' Postal Revolution artwork

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Yesterday5 min
episode The Mongol Yam System That Connected an Empire artwork

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