- U368 Mongol Conquest
- Week 8, Wednesday: How Ögedei got the balish
- New Mongol currency
- Local coins in Middle East, local paper in China (silk as reserve)
- Central currency: Silver ingots (ding, yastuq, balish):
50 taels=c. 4 pounds
- Borrowed from Jin and Song practice
- N. China and Trans-Oxiana chief sedentary areas under direct rule
- Zhenhai/Chinqai is Ögedei's key clerk (Christian Uighur)
- Yila Chucai over N. China; Mahmud Yalavach over Trans-Oxiana
- Yila's plan: "evolve" the dynasty; he fights
Yalavach, Mongol generals
- Over 50% of households under imperial clansmen; Yila can't
eliminate this
- Taxes: Mongol and Chinese
- Mongol tax principle: empower the one who needs the goods to
grab them
- Paizas gave messengers, army commanders right to grab anything
- Strength: no bureaucracy; weakness: big damage to
producers
- Repeated attempts to regularize it as silver tax; never permanent
- Chinese land and commercial taxes: 1230: officials set up
to collect it
- Land tax paid in grain by all, based on land and household size
- Census taken 1233: 730,000 households; in 1236:
1,830,000
- Household taxes and monopoly taxes
- Household tax: traditional silk tax & new silver tax
- Total silver quota: 10,000 ding (1231) >
22,000 (1236)
- Salt, vinegar, fishing, gold, silver, iron-work monopolies
- Despite regular system, habit of ad hoc taxation persists
- Mongol rulers make "drafts" on Chinese revenues (Juvaini,
p. 233)
- Ortaq "partners" (Uighurs, Muslims) make the silver tax
go further
- Ortaqs borrow capital from Mongol rulers >> trade and
money-lending
- Lending silver (from taxes!) to Chinese to pay silver tax: huge
profit
- 1st silver tax in Chinese history; 1st gov't not to provide bronze
coin
- Demand for silver raises price, interest rates >> ortaq
& rulers' profit
- 1207: Silver/gold=12/1; 1255, Qara-qorum: 9/1; 1282:
7.6/1 (1235, Iraq=7/1)
- 1240: Ögedei makes gesture, repays civilian creditors,
limits interest
- Yila Chucai's system ruined by Turkestani profiteers (and Ögedei's
demands)
- 1239: 'Abd ur-Rahman bids to farm household silver; quota to
44,000 ding
- Tax farming replaces officials for silver and monopoly
- Contractor agrees to supply fixed quota of profit for Mongols
- Extra over quota pays costs of collection, profit for contractor
- Contractors bid for quota >> constant push to raise quotas
- 1241: Yalaqach over North China, son Mas'ud Beg over Trans-Oxiana
- Bidding wars on household silver tax, monopolies, and commercial
taxes
- Yila Chucai vainly remonstrates, dies without influence