How the Mongols Changed Trade, War, and Globalization — Fexingo History
In this episode, Lucas and Luna explore how the Mongol Empire introduced the world's first government-backed paper currency under Khubilai Khan. They discuss the Yuan dynasty's attempt to create a universal monetary system using mulberry-bark notes, enforced by the state and backed by nothing but imperial decree. The conversation covers Marco Polo's astonished reports, the collapse of the experiment under the Yuan's successors, and the lasting influence on later Chinese dynasties. Lucas explains how the Mongols used paper money to unify their vast realm, but also how counterfeiting, inflation, and overprinting undermined the system. The episode touches on the surprising role of Mongol paper money in the transition to fiat currency in the modern world, and what the Yuan case reveals about the nature of money itself. #MongolEmpire #PaperMoney #KhubilaiKhan #YuanDynasty #FiatCurrency #MarcoPolo #EconomicHistory #Inflation #Counterfeiting #Chao #MulberryBark #ZhongtongChao #ZhiyuanChao #SongDynasty #Jiaochao #CentralAsia #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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