A broken vault door spilling endless paper bonds.

The Architect of Their Own Demise – Part 3: The Banker Who Built on Sand

The Architect of Their Own Demise 1 The Architect of Their Own Demise – Part 1: The Organizer of Chaos 2 The Architect of Their Own Demise – Part 2: The Purist Who Purged Himself 3 The Architect of Their Own Demise – Part 3: The Banker Who Built on Sand 4 The Architect of Their Own Demise – Part 4: The Explorer Who Trusted His Maps ← Series Home spring of 1720 Peak of Mississippi Bubble ...

Caravans traveling the Silk Road under Mongol protection

Mongol Empire - Part 10: The Silk Road Explosion: Trade Under Mongol Protection

Key Takeaways Security First: Mongol military power suppressed banditry and made routes safe for the first time. Unified Taxation: One authority meant one tax system instead of dozens of tolls. Infrastructure Investment: The Yam network supported commercial as well as official travel. Legal Framework: Consistent law enabled contracts across cultures. Scale Effects: Security attracted more trade, which funded more security, creating a virtuous cycle. The Silk Road is ancient. Trade between China and the Mediterranean stretches back 2,000 years. ...