Advantages And Disadvantages Of Mongol Empires

The Mongolian people once ruled the second largest empire in the history of humanity. The Mongol empire was famous for pioneering military tactics such as horse mounted archers, conquering much of the Eurasian supercontinent and ruling an empire whose size would not be matched until the British took to colonialism centuries later. But as with so many other great empires, people often forget the massive economy necessary to sustain such as vast empire. Millions of people living across an entire continent have a variety of needs and wants, no empire can survive for long without seeing to the needs of its people and keeping them satisfied enough to prevent rebellion. The Mongols understood this and as a result took great pains to ensure that the economy of its empire was well …show more content…
Balishi, a form of paper money used by the song dynasty, was adopted by the Mongols after their conquest of china due to its various advantages such as its light weight and the advent of fiat money; it soon became the first paper currency to see widespread use throughout the world. Additional, the Mongols never let their conquests prevent them from trading with foreign powers; various pieces of Mongol art, such as their signature underglossed vases, were traded with neighboring powers for materials and goods that could not be produced domestically. It should be quite clear that the Mongolian economy was a fantastic example of trade and commerce in the early 2nd millennium CE. Regulation of trade was extremely important in early economies such as the Mongol empire. Free trade and capitalism as we know them are actually quite recent concepts. In order for their empire to be capable of supporting itself, the Mongolians had to regulate their trade, a daunting task due to the enormous size and diversity of their empire and its