Рет қаралды 297
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Mongolia at the start of the 20th century was agrarian, and its people were highly stratified socially and economically. There were two classes of vassals: the khamjlaga, who under Manchu law were serfs for life of the local nobility and civil administrators; and the shavi, the vassals of the monastery estates.
Trade in essentials like tea, rice, and tobacco was in the hands of Chinese companies, which willingly extended credit at high interest rates.
The currency consisted of units of livestock, as well as tea bricks, small silver ingots, and some foreign coins. When the officials and nobility got into debt, they would increase their taxes in kind on the population.
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