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

Mongol Paper Money How Khubilai Khan Invented Fiat Currency

7 min · 12. juni 2026
episode Mongol Paper Money How Khubilai Khan Invented Fiat Currency cover

Beskrivelse

In this episode, Lucas and Luna explore one of the most radical economic experiments in history: the Mongol invention of paper money under Khubilai Khan. They trace how the Yuan dynasty introduced fiat currency — chao — backed not by gold or silver but by state authority and the threat of execution for counterfeiters. The conversation covers the role of the Ortogh merchant partnerships in spreading paper notes along the Silk Road, the disastrous inflation caused by overprinting under later Yuan emperors, and the reception of this strange new money by foreign travelers like Marco Polo. Lucas explains how the Mongol currency system connected China to Persia, forcing the Ilkhanate under Ghazan Khan to attempt its own version of paper money — leading to economic collapse. The hosts also touch on the philosophical shift: a move from commodity money to a state-controlled medium of exchange. This episode reveals how the Mongols accidentally pioneered modern monetary policy, with consequences that still shape global finance. #MongolPaperMoney #KhubilaiKhan #Chao #YuanDynasty #FiatCurrency #Ortogh #MarcoPolo #SilkRoad #Ilkhanate #GhazanKhan #Inflation #Counterfeiting #EconomicHistory #PaxMongolica #MedievalTrade #WorldHistory #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

Kommentarer

0

Vær den første til å kommentere

Registrer deg nå og bli medlem av How the Mongols Changed Trade, War, and Globalization — Fexingo History sitt community!

Prøv gratis

Prøv gratis i 14 dager

99 kr / Måned etter prøveperioden. · Avslutt når som helst.

  • Eksklusive podkaster
  • 20 timer lydbøker i måneden
  • Gratis podkaster

Alle episoder

145 Episoder

episode Mongol Trade Revolution The Pax Mongolica and Global Commerce cover

Mongol Trade Revolution The Pax Mongolica and Global Commerce

In this episode, Lucas and Luna explore how the Mongol Empire transformed global trade through the Pax Mongolica. They discuss the establishment of the Yam postal system, the role of merchant associations known as ortogh, and the introduction of paper money under Khubilai Khan. The conversation covers the Silk Road revival, the spread of technologies like gunpowder and the compass, and the cultural exchanges between East and West. Specific figures like Marco Polo and Rashid al-Din are mentioned, along with places such as Khanbaliq, Karakorum, and Tabriz. The episode also touches on the environmental impact of increased trade and the eventual decline of the Mongol trade network. #MongolEmpire #PaxMongolica #SilkRoad #GlobalTrade #KhubilaiKhan #Yam #ortogh #papermoney #MarcoPolo #Karakorum #Khanbaliq #Tabriz #RashidalDin #gunpowder #compass #History #FexingoHistory #CentralAsia Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

8. juli 20266 min
episode How Mongol Paper Money Fueled Global Trade and Inflation cover

How Mongol Paper Money Fueled Global Trade and Inflation

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]

I går5 min
episode How Mongol Engineers Revolutionized Siege Warfare cover

How Mongol Engineers Revolutionized Siege Warfare

This episode explores the unsung heroes of Mongol conquest: the engineers who built their siege weapons. From Chinese trebuchets and Persian mangonels to the siege of Alamut and Khwarezm, Lucas and Luna dive into how Genghis, Ögedei, and Hülegü recruited specialists across Eurasia, creating a mobile arsenal that cracked the world's toughest fortifications. Discover the role of the 'Five Snakes' tower, the use of naphtha and gunpowder, and how Mongol siegecraft influenced later warfare from the Ilkhanate to the Yuan dynasty. A fresh look at the empire's technological edge. #MongolEmpire #SiegeWarfare #GenghisKhan #ÖgedeiKhan #Hülegü #Alamut #Khwarezm #trebuchet #mangonel #ChineseTechnology #PersianEngineers #gunpowder #naphtha #YuanDynasty #Ilkhanate #MilitaryHistory #FexingoHistory #MedievalWeapons Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går5 min
episode Mongol Siege of Nishapur: Revenge That Changed War cover

Mongol Siege of Nishapur: Revenge That Changed War

In 1221, Genghis Khan's youngest daughter, Alaqai Beki, allegedly commanded the Mongol siege of Nishapur in eastern Iran. This episode separates fact from legend around her role, examines what the city's destruction meant for Mongol warfare, and explores how gender norms on the steppe allowed women to lead in battle while Persian chroniclers struggled to record it. Drawing on Jami' al-tawarikh, Tarikh-i Jahan-gusha, and later Persian accounts, Lucas and Luna trace the siege's connection to Genghis's earlier loss of a son-in-law, the use of Chinese trebuchets and naphtha, and the controversial claim that Alaqai personally ordered the massacre. They also discuss how the Nishapur campaign influenced later Ilkhanate military strategy and the myth-making around Mongol women warriors like Khutulun. A nuanced look at one of the Mongol Empire's most brutal victories and the woman history almost forgot. #MongolEmpire #Nishapur #AlaqaiBeki #GenghisKhan #Siege #WomenWarriors #MedievalHistory #PersianHistory #JamiAlTawarikh #TarikhIJahanGusha #Ilkhanate #MongolWarfare #Trebuchet #CentralAsia #Khwarezm #History #FexingoHistory #WarAndSociety Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

6. juli 20267 min
episode Mongol Horse Archers and the Steppe War Machine cover

Mongol Horse Archers and the Steppe War Machine

In this episode, Lucas and Luna explore the military revolution that made the Mongol Empire unstoppable: the horse archer. From the composite bow that could pierce armor at 200 meters to the tactical feigned retreat that broke enemy lines, they break down how steppe warfare was perfected. Hear about the training of riders and horses, the logistics of moving armies across vast distances (including the Mongol army's ability to travel 100 kilometers a day), and the use of signals like flags and arrows. Learn about the tumen system, the decimal organization that scaled from 10 to 10,000 soldiers, and how discipline was enforced through the Yassa code. Discover how the Mongols integrated conquered peoples' technologies, like Chinese siege engineers, while maintaining their core cavalry identity. This episode covers the battle of Yehuling (1211) as a case study and touches on the legacy of horse archery in later armies like the Mamluks and Ottomans. #MongolHorseArchers #CompositeBow #SteppeWarfare #Yehuling #TumenSystem #Yassa #GenghisKhan #CavalryTactics #FeignedRetreat #MongolArmy #HorseArchery #MongolLogistics #Tumen #SteppeTribes #MilitaryHistory #History #FexingoHistory #CentralAsia Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

6. juli 20266 min