Daniel Greear

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In turn, the monetization allowed for standardized budgeting procedures for his imperial administration, since instead of accepting taxes in goods, the Mongols increasingly accepted them in money. Rather than relying on government officials to collect and reallocate tribute of grain, arrows, silk, fur, oil, and other commodities, the government increasingly moved money rather than goods. For the first time, a standardized unit of account could be used from China to Persia. So long as the Mongols maintained control of money, they could let merchants assume responsibility for the movement of ...more
Genghis Khan and the Making of the Modern World
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