Allauddin Khalji Market Reform
Write down a short note on Allahudin Khalji’s Market reform
Allauddin Khalji Market Reform
The market reform system was introduced by Allauddin Khalji in the medieval period. His market reforms were oriented more towards administrative and military necessities than internal restructuring. The basic principle that Allauddin set up for his market reform was a division of the market, price control, and market administration for proper regulations. To ensure that the goods were sold at regulated prices, Allauddin appointed market supervisors and spies and received independent reports from them. To prevent a black market, his administration prohibited peasants and traders from storing the grains and established government-run granaries, where the government’s share of the grain was stored. According to Barani, Allauddin set up three markets in Delhi: the first for food grains; the second for clothes and expensive items such as sugar, ghee, oil, dry fruits, etc, and the third for horses, slaves, and cattle. The Sultan fixed the prices of all commodities from grain to cloth, slaves, horses, etc. The grain merchants were placed under the Sahana-i-mandi.
– Written By Jasmin
(HAVE HIGHLIGHTED THE KEYWORDS IN BOLD)
Alauddin Khilji had a big army that was difficult to support with the regular income of the kingdom. To solve this problem, he introduced market reforms to control the prices of goods and make them affordable for everyone
He fixed the prices of essential goods to prevent high prices and cheating.
Market committees were established to ensure traders followed rules and sold goods at reasonable prices.
A network of spies was created to monitor the market and report unfair practices or hoarding of goods.
Fair trade was encouraged, and punishments were given to those who exploited people.
Goods were marked with a Dagh’stamp to show they met quality standards.
A new currency system called ‘Tankas‘ was introduced for easier and organized trade.
These reforms made necessary items affordable for common people and reduced corruption.
Alauddin Khilji also regulated supply and demand through a system called ‘Mandi‘ to stabilize prices.
He developed trade routes and storage granaries and supported traders, leading to a prosperous and fair marketplace.
– Written By Vaibhavi W
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