Muslim Trade
traded on sea and land,
India, china, arabia,northwest africa, egypt, black sea.
some of the money from went into building irrigation systems and new canals that helped farmers get more out of their land.
bank system- the start of the banking system was when muhammad acted as an agent for his wife for her trading operations. islamic partnerships did not use interest on day to day transactions. these partnerships performed an important economic function.
currency- the dinar was and is the main form of currency, exactly 1163 dinar currently go into an american dollar.
sakks- sukuk is the singular word. they are financial certificates, kink of like bonds.
Muslim empire religion- muslims pray 5 times a day. the muslims believe they know everything about religion and their religion is the only one that is right. believe allah will give them 72 virgins.
beliefs- they believe that there is only one god. read many books of god, especially the Qur'an.
history in the 10th century- muslims and their religion have greatly impacted the political, economic and military history of the Old World, especially the middle east, where lies its roots.
History in the 11th century- part of the abbasid era. christianity was 11% in the middle east. many crusaders and mongols tried to spread their religions and they destroyed trade routes in the process. theis caused an economic collapse and a rise in banditry and piracy.
13th century- helped crate cross- cultural religion. got freedom of speech.
Genghis Khan- main leader of mongol invasion
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