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:
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)
“Whoever places his trust into a system will soon be without a home. While you are building your third story, the two lower ones have already been dismantled.”
—Franz Grillparzer (1791–1872)