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

Mongol Paper Money and the World's First Fiat Currency

8 min · 5 jul 2026
aflevering Mongol Paper Money and the World's First Fiat Currency artwork

Beschrijving

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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Alle afleveringen

140 afleveringen

aflevering Mongol Paper Money and the World's First Fiat Currency artwork

Mongol Paper Money and the World's First Fiat Currency

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]

5 jul 20268 min
aflevering Mongol Tribute System and the Subjugation of Rus artwork

Mongol Tribute System and the Subjugation of Rus

In this episode, Lucas and Luna delve into the Mongol tribute system imposed on the Rus' principalities after the invasion of 1237–1240. They explore how the Mongols, under Batu and later the Golden Horde, enforced a complex network of tribute collection, population census, and political control through the institution of the baskaki — Mongol governors who oversaw the extraction of silver, furs, and soldiers. The conversation covers the role of the yam postal system in facilitating tribute, the impact on cities like Vladimir and Kiev, and the controversial figure of Alexander Nevsky, who collaborated with the Mongols to secure his own power. They also touch on the legacy of this system in shaping Muscovy's autocratic tax structures and the long-term economic effects on the region. Specific terms discussed include baskaki, dan', yarlyk, and the census of 1257–1259. The episode ends with a reflection on how historical narratives of 'the Tatar yoke' have been shaped by later Russian chroniclers. #MongolEmpire #GoldenHorde #Rus #AlexanderNevsky #TributeSystem #Baskaki #Yarlyk #Dan #Kiev #Vladimir #BatuKhan #Census1257 #Yam #MedievalHistory #EasternEurope #MongolInvasion #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

5 jul 20267 min
aflevering Mongol Siege of Baghdad 1258 History's Greatest Conquest artwork

Mongol Siege of Baghdad 1258 History's Greatest Conquest

In 1258, the Mongol army under Hulagu Khan laid siege to Baghdad, the heart of the Abbasid Caliphate and one of the world's great cities. This episode takes you inside that conquest: the political miscalculations of Caliph al-Musta'sim, the engineering of Hulagu's Chinese siege specialists, the betrayal of the Shi'a vizier Ibn al-Alqami, and the catastrophic aftermath that ended the Islamic Golden Age. We explore the myths and evidence—did the Mongols really turn the Tigris black with ink?—and what the fall of Baghdad meant for the Mongol Empire's expansion westward. Drawing on primary sources like the Persian historian Juvayni and the encyclopedic Jami' al-tawarikh, Lucas and Luna piece together a turning point that reshaped Eurasia. For listeners who know the Mongols as conquerors but not the specifics of this city's fall, this episode offers a granular, human look at a world-changing event. #SiegeOfBaghdad #HulaguKhan #AbbasidCaliphate #AlMustasim #IbnAlAlqami #Juvayni #JamiAlTawarikh #MongolEmpire #Baghdad1258 #IslamicGoldenAge #HouseOfWisdom #Mangonel #Ilkhanate #ChineseEngineers #History #MilitaryHistory #FexingoHistory #CentralAsia Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

Gisteren7 min
aflevering The Mongol Postal System That Connected an Empire artwork

The Mongol Postal System That Connected an Empire

In this episode, Lucas and Luna explore the Mongols' remarkable postal relay system, the Yam, which spanned thousands of miles across Eurasia. They discuss how Genghis Khan and his successors built a network of way stations with fresh horses and riders, enabling messages to travel up to 200 miles per day. The hosts delve into the system's organization, its role in administration and trade, and its influence on later empires like the Ming and the Mughals. They also touch on the paiza passports that travelers carried and how the Yam facilitated the spread of ideas and goods along the Silk Road. This episode offers a concrete look at how the Mongols created one of history's most efficient communication networks, far ahead of its time. #MongolEmpire #Yam #PostalSystem #GenghisKhan #SilkRoad #PaxMongolica #History #Communication #CentralAsia #Paiza #MongolPost #Medieval #Eurasia #Trade #Logistics #Karakorum #Khanbaliq #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

Gisteren5 min
aflevering Mongol Census: How the Empire Counted Its Subjects artwork

Mongol Census: How the Empire Counted Its Subjects

In this episode, Lucas and Luna explore the Mongol Empire's census systems—a vast administrative feat that helped govern the largest contiguous land empire in history. They discuss how Genghis Khan initiated the first census in 1206, how the empire used decimal units like tumens (10,000) and arbans (10) for military and tax purposes, and how later rulers like Khubilai and Ghazan refined these counts. The episode covers the role of the Yassa in mandating regular censuses, the challenges of counting nomadic populations, and the legacy of these practices in later empires like the Qing and Mughal. Specific figures include Shigi Qutuqu, who oversaw early censuses, and Rashid al-Din, whose Jami' al-tawarikh preserves census data. The Yam system's connection to population tracking is also highlighted. This episode is a deep dive into the often-overlooked administrative genius behind Mongol power. #MongolEmpire #Census #GenghisKhan #KhubilaiKhan #ShigiQutuqu #Rashidaldin #JamiAltawarikh #YamSystem #Yassa #Tumen #Arban #GoldenHorde #Ilkhanate #YuanDynasty #Administration #History #FexingoHistory #EmpireBuilding Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

3 jul 20266 min