• History

  Medieval India

  Posted by Anirudha Deshpande on June 22, 2023 at 6:57 am

  Write down short note on Allahudin Khilji’s Market reform

  Vaibhavi W replied 1 year, 5 months ago 3 Members · 2 Replies

  • indianhistory
• 2 Replies

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  Jasmin

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  June 22, 2023 at 1:10 pm

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  The market reform system was introduced by Allauddin khilji in the medieval period.His market reforms were oriented more towards administrative and military necessities than internal restructuring.The basic principle which Allauddin set up for his market reform was division of market, price control and set up 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 at Delhi, first for food grains, the second for cloths 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.

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  Vaibhavi W

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  June 22, 2023 at 2:59 pm

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  (HAVE HIGHLIGHTED THE KEYWORDS IN BOLD)

  1. 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
  2. He fixed prices of essential goods to prevent high prices and cheating.
  3. Market committees were established to ensure traders followed rules and sold goods at reasonable prices.
  4. A network of spies was created to monitor the market and report unfair practices or hoarding of goods.
  5. Fair trade was encouraged, and punishments were given to those who exploited people.
  6. Goods were marked with a stamp called ‘Dagh‘ to show they met quality standards.
  7. A new currency system called ‘Tankas‘ was introduced for easier and organized trade.
  8. These reforms made necessary items affordable for common people and reduced corruption.
  9. Alauddin Khilji also regulated supply and demand through a system called ‘Mandi‘ to stabilize prices.
  10. He developed trade routes, storage granaries, and provided support to traders, leading to a prosperous and fair marketplace.

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