How Money Printing Destroyed the Mongol Empire - The First Hyperinflation - Kublai Khan’s Mistake скачать в хорошем качестве

How Money Printing Destroyed the Mongol Empire - The First Hyperinflation - Kublai Khan’s Mistake

It is often said that the Mongol Empire was destroyed by external enemies, but the truth is far more economic. In this documentary, we uncover the forgotten story of how the world’s most powerful empire invented the first fiat currency—and then destroyed itself with hyperinflation. We explore the revolutionary economic policies of Kublai Khan and the Yuan Dynasty, who introduced the "Chao"—the world's first paper money to be used as the sole legal tender. Initially backed by a silver standard, this system unified the Silk Road and created the Pax Mongolica, a golden age of trade. But as the cost of failed invasions (like Japan) and imperial extravagance mounted, the Khans broke the golden rule: they started printing money not backed by silver. This video details the catastrophic consequences of this decision, from the slow death of the Yuan economy to the sudden, dramatic collapse of the Ilkhanate in Persia. We tell the bizarre story of Gaykhatu Khan, who tried to force paper money on his subjects overnight—leading to riots, the closing of bazaars, and his own assassination. This is the history of the first time a superpower tried to print its way out of debt. From the "Wind Trade" to the complete return to barter, this is how hyperinflation killed the Mongols. Chapters: 0:01 THE BLOOD AND THE ROAD 5:12 THE PAPER ALCHEMY 10:05 Kublai Khan’s FATAL Mistake 17:00 THE APOCALYPSE ⚠️ Disclaimer: This video was made using AI tools. It is for educational and informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions. Trading and investing involve risk. #History #MongolEmpire #Hyperinflation #Economics #Documentary #MoneyPrinting #KublaiKhan #Finance