How the Mongols Changed Trade, War, and Globalization — Fexingo History
In this episode, Lucas and Luna explore the revolutionary impact of Mongol paper currency under Khubilai Khan. They trace the origins of the chao system, its backing by silver reserves, and how it facilitated trade across the Pax Mongolica. The discussion covers Marco Polo's astonishment at the fiat money, the economic consequences of overprinting, and the eventual collapse of the Yuan dynasty's monetary policy. Listeners will learn about the Zhongtong chao and Zhiyuan chao notes, the role of the ortogh merchant associations, and how the Mongol experiment with paper money influenced later Chinese and European financial systems. The episode also touches on the Song dynasty's earlier jiaochao and the Ilkhanate's failed attempt to introduce paper currency in Persia under Ghazan Khan. #MongolEmpire #PaperMoney #KhubilaiKhan #Chaos #YuanDynasty #PaxMongolica #MarcoPolo #FiatCurrency #ZhongtongChao #ZhiyuanChao #Ortogh #SongDynasty #Inflation #EconomicHistory #GhazanKhan #Ilkhanate #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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