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This was a sophisticated mercantile economy in which paper money was supplied by private enterprise and credit was based on the sale of contracts for the future supply of salt to the government – a commodity for which demand was exceptionally stable.
John Darwin • After Tamerlane: The Rise and Fall of Global Empires, 1400-2000



mercantilist
Nathan Lewis • Gold: The Once and Future Money (Agora Series)

LVMH
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