Economy
Most of our information about the economy of Ghana comes from merchants, and therefore we know more about the commercial aspects of its economy, and less about the way in which the rulers and nobles may have obtained agricultural products through tribute or taxation. The empire became wealthy because of their trading. They had an abundant amount of gold and salt. Al-Bakri noted that merchants had to pay a one gold dinar tax on imports of salt, and two on exports of salt. Other products paid fixed dues, al-Bakri mentioned both copper and "other goods." Imports probably included products such as textiles, ornaments and other materials. Many of the hand-crafted leather goods found in old Morocco may also had their origins in the empire. The main centre of trade was Koumbi Saleh. The king claimed as his own all nuggets of gold, and allowed other people to have only gold dust. In addition to the exerted influence of the king onto local regions, tribute was also received from various tributary states and chiefdoms to the empire's periphery. The introduction of the camel played a key role in Soninke success as well, allowing products and goods to be transported much more efficiently across the Sahara. These contributing factors all helped the empire remain powerful for some time, providing a rich and stable economy that was to last over several centuries.
Read more about this topic: Ghana Empire
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)