Monetary System
In the first half of the 14th century, the Sultanate introduced a monetary economy in the provinces (sarkars) and districts (parganas) that had been established and founded a network of market centers, through which the traditional village economies were both exploited and stimulated to be drawn into the wider culture. State revenues remained based on a successful agriculture, which induced Sultan Muhammad bin Tughluq (1325–51) to have village wells dug, to offer seed to the peasants, and to encourage cash crops like sugarcane.
Read more about this topic: Delhi Sultanate
Famous quotes containing the words monetary and/or system:
“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
—Ezra Pound (1885–1972)
“Each generation’s job is to question what parents accept on faith, to explore possibilities, and adapt the last generation’s system of values for a new age.”
—Frank Pittman (20th century)