Some Historians Argue That Mongol Empire Building Stimulated Local Economies

question 7

Essay

Some historians argue that Mongol empire building stimulated local economies and facilitated cultural exchange through the promotion of trade. Other historians, echoing the widespread hostility to Mongol rule that existed at the time, argue that Mongol domination retarded political and economic development in many areas. Which position do you think is true? Provide examples from Russia and China as talking points.

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Definitions:

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty or are considered highly risky.

Fed

Short for the Federal Reserve System, which is the central banking system of the United States responsible for monetary policy.

Federal Deposit Insurance Corporation

A United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

Event-Driven Sequencer

A programming construct or device that generates actions in response to specific occurrences or "events" within a system.