Book contents
- The Cambridge History of the Mongol Empire
- The Cambridge History of the Mongol Empire
- Copyright page
- Dedication
- Contents
- Figures in Volume I
- Figures in Volume II
- Maps in Volume I
- Maps in Volume II
- Tables in Volume I
- Contributors to Volume I
- Contributors to Volume II
- Acknowledgments
- Notes on Dates and Transliterations
- Abbreviations
- Volume I
- Introduction
- Volume I Part 1 Political History
- Volume I Part 2 Thematic Histories
- 6 Mongol Imperial Institutions
- 7 Imperial Ideology
- 8 The Military Machine
- 9 Economic Exchange
- 10 Religious Exchange
- 11 Scientific Exchange
- 12 Artistic Exchange
- 13 The Climate and Environment of the Mongol Conquest
- 14 Women and Gender under Mongol Rule
- Volume I Part 3 Views from the Edges
- Volume I Part 4 External Histories
- Epilogue
- Volume II
- Index to Volume I
- Index to Volume II
- References
9 - Economic Exchange
Money, Markets, and Taxation in Mongol Eurasia
from Volume I Part 2 - Thematic Histories
Published online by Cambridge University Press: 01 January 2024
Book contents
- The Cambridge History of the Mongol Empire
- The Cambridge History of the Mongol Empire
- Copyright page
- Dedication
- Contents
- Figures in Volume I
- Figures in Volume II
- Maps in Volume I
- Maps in Volume II
- Tables in Volume I
- Contributors to Volume I
- Contributors to Volume II
- Acknowledgments
- Notes on Dates and Transliterations
- Abbreviations
- Volume I
- Introduction
- Volume I Part 1 Political History
- Volume I Part 2 Thematic Histories
- 6 Mongol Imperial Institutions
- 7 Imperial Ideology
- 8 The Military Machine
- 9 Economic Exchange
- 10 Religious Exchange
- 11 Scientific Exchange
- 12 Artistic Exchange
- 13 The Climate and Environment of the Mongol Conquest
- 14 Women and Gender under Mongol Rule
- Volume I Part 3 Views from the Edges
- Volume I Part 4 External Histories
- Epilogue
- Volume II
- Index to Volume I
- Index to Volume II
- References
Summary
The Mongol regime established a common unit of account denominated in silver for long-distance exchanges across the Eurasian landmass. The transfer of a significant quantity of silver ingots from appanages in China to the western Khanates catalyzed a widespread convergence. The unprecedented monetary transformations originated especially in the lower Yangzi, in which Yuan paper money displaced silver westward and copper coins to Japan and Java. The emergence of new marketplaces in Holland and Japan seems to have been almost perfectly synchronous. Yet the common unit of account in silver was not accompanied by a popular circulation of silver items and did not seriously affect the methods of exchange at ground level. The substantial contraction in distant trade after the collapse of the Mongol regime, however, paved the way for the global silver march starting from South America and reaching China and India in the late sixteenth century.
Keywords
- Type
- Chapter
- Information
- The Cambridge History of the Mongol Empire , pp. 488 - 524Publisher: Cambridge University PressPrint publication year: 2023
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