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Economy Of The Mughal Empire
The economy of the Mughal Empire was very large and prosperous. The gross domestic product (GDP) of the Mughal Empire in 1600 was estimated at 22% of the world economy, the second largest in the world, behind only Ming China but larger than Europe. By 1700, the GDP of Mughal India had risen to 24% of the world economy, the largest in the world, larger than both Qing China and Western Europe. The Mughal empire was producing about 25% of the world's industrial output up until the 18th century.Jeffrey G. Williamson & David ClingingsmithIndia's Deindustrialization in the 18th and 19th Centuries, Global Economic History Network, London School of Economics India's GDP growth increased under the Mughal Empire, with India's GDP having a faster growth rate during the Mughal era than in the 1,500 years prior to the Mughal era. Mughal India's economy has been described as a form of proto-industrialization, like that of 18th-century Western Europe prior to the Industrial Revolution. The Mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Textiles
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the only manufacturing method, and many other methods were later developed to form textile structures based on their intended use. Knitting and non-woven are other popular types of fabric manufacturing. In the contemporary world, textiles satisfy the material needs for versatile applications, from simple daily clothing to bulletproof jackets, spacesuits, and doctor's gowns. Textiles are divided into two groups: Domestic purposes onsumer textilesand technical textiles. In consumer textiles, aesthetics and comfort are the most important factors, but in technical textiles, functional properties are the priority. Geotextiles, industrial textiles, medical textiles, and many other areas are examples of technical textiles, whereas clothing and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proto-industrialization
Proto-industrialization is the regional development, alongside commercial agriculture, of rural handicraft production for external markets. The term was introduced in the early 1970s by economic historians who argued that such developments in parts of Europe between the 16th and 19th centuries created the social and economic conditions that led to the Industrial Revolution. Later researchers suggested that similar conditions had arisen in other parts of the world. Proto-industrialization is also a term for a specific theory about proto-industries' role in the emergence of the Industrial Revolution. Aspects of the proto-industrialization theory have been challenged by other historians. Critics of the idea of proto-industrialization are not necessarily critics of the idea of proto-industries having existed prominently or having played a role as social and economic factors. Criticism of the theory has taken various forms -- that proto-industries were important and widespread but not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New World
The term ''New World'' is often used to mean the majority of Earth's Western Hemisphere, specifically the Americas."America." ''The Oxford Companion to the English Language'' (). McArthur, Tom, ed., 1992. New York: Oxford University Press, p. 33: "[16c: from the feminine of ''Americus'', the Latinized first name of the explorer Amerigo Vespucci (1454–1512). The name ''America'' first appeared on a map in 1507 by the German cartographer Martin Waldseemüller, referring to the area now called Brazil]. Since the 16c, a name of the western hemisphere, often in the plural ''Americas'' and more or less synonymous with ''the New World''. Since the 18c, a name of the United States of America. The second sense is now primary in English: ... However, the term is open to uncertainties: ..." The term gained prominence in the early 16th century, during Europe's Age of Discovery, shortly after the Italian explorer Amerigo Vespucci concluded that America (now often called ''the Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metal
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debasement
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced. Example In Roman currency, the value of the denarius was gradually decreased over time as the Ancient Rome, Roman government altered both the size and the silver content of the coin. Originally, the silver used was nearly pure, weighing about 4.5 grams. From time to time, this was reduced. During the Julio-Claudian dynasty, the denarius contained approximately 4 grams of silver, and then was reduced to 3.8 grams under Nero. The denarius continued to shrink in size and purity, until by the second half of the third century, it was only about 2% silver, and was replaced by the Argenteus. Effects Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge University Press
Cambridge University Press is the university press of the University of Cambridge. Granted letters patent by Henry VIII of England, King Henry VIII in 1534, it is the oldest university press A university press is an academic publishing house specializing in monographs and scholarly journals. Most are nonprofit organizations and an integral component of a large research university. They publish work that has been reviewed by schola ... in the world. It is also the King's Printer. Cambridge University Press is a department of the University of Cambridge and is both an academic and educational publisher. It became part of Cambridge University Press & Assessment, following a merger with Cambridge Assessment in 2021. With a global sales presence, publishing hubs, and offices in more than 40 Country, countries, it publishes over 50,000 titles by authors from over 100 countries. Its publishing includes more than 380 academic journals, monographs, reference works, school and uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sher Shah Suri
Sher Shah Suri ( ps, شیرشاه سوری) (1472, or 1486 – 22 May 1545), born Farīd Khān ( ps, فرید خان) , was the founder of the Sur Empire in India, with its capital in Sasaram in modern-day Bihar. He standardized the silver coin to the weight of 178 grams and named the currency as rupee based on the ancient Sanskrit term for silver. An ethnic Pashtun ruler, Sher Shah took control of the Mughal Empire in 1540 CE. After his accidental death in 1545 CE, his son Islam Shah became his successor. He first served as a private before rising to become a commander in the Mughal army under Babur and then the governor of Bihar. In 1537, when Babur's son Humayun was elsewhere on an expedition, Sher Shah overran the state of Bengal and established the Suri dynasty. A brilliant strategist, Sher Shah proved himself as a gifted administrator as well as a capable general. His reorganization of the empire laid the foundations for the later Mughal emperors, notably Akbar, son of Hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sur Empire
The Sur Empire ( ps, د سرو امپراتورۍ, dë sru amparāturəi; fa, امپراطوری سور, emperâturi sur) was an Afghan dynasty which ruled a large territory in the northern part of the Indian subcontinent for nearly 16 years, between 1540 and 1556, with Sasaram, in modern-day Bihar, serving as its capital. The Sur dynasty held control of nearly all the Mughal territories, from eastern Balochistan, Pakistan in the west to modern-day Rakhine, Myanmar in the east. History Sher Shah, an ethnic Pashtun of the tribal house of Sur, first served as a private before rising to become a commander in the Mughal army under Babur and then the governor of Bihar. In 1537, when Babur's son Humayun was elsewhere on an expedition, Sher Shah overran the state of Bengal and established the Suri dynasty. The Sur supplanted the Mughal dynasty as rulers of North India during the reign of the relatively ineffectual second Mughal Humayun. Sher Shah defeated ''badshah-i-Hind'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dam (Indian Coin)
A dam was a small Indian copper coin. The coin was first introduced by Sher Shah Suri during his rule of India between 1540 and 1545, along with ''Mohur'', the gold coin and ''Rupiya'' the silver coin. Later on, the Mughal Emperors standardised the coin along with other silver ''(Rupiya)'' and gold ''(Mohur)'' coins in order to consolidate the monetary system across India. A rupee was divided into 40 dams. It is believed that this coin is one of the possible sources for the English phrase "I don't give a dam , due to its small worth.Gorrell, Robert, ''Watch Your Language: Mother Tongue and Her Wayward Children'', University of Nevada Press, 1994''Watch Your Language'' at Google Books/ref> See also * Mohur The Mohur is a gold coin that was formerly minted by several governments, including British India and some of the princely states which existed alongside it, the Mughal Empire, Kingdom of Nepal, and Persia (chiefly Afghanistan). It was usually ... * History of the ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rupee
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. In Indonesia and the Maldives, the unit of currency is known as ''rupiah'' and ''rufiyaa'' respectively, cognates of the word rupee. The Indian rupees () and Pakistani rupees () are subdivided into one hundred paise (singular ''paisa'') or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas. The Mauritian, Seychellois, and Sri Lankan rupees subdivide into 100 cents. Etymology The Hindustani word ''rupyā'' is derived from the Sanskrit word ''rūpya'' (), which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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