The historian explains that, going by trade documents from Venice in 1590, you could purchase a ton of salt for 33 gold ducats (ton the unit of measure, not the hyperbolic large quantity). … The fact is that it was actually salt trade that held more worth than the gold industry. Check out the video elaborating the fact!
What is more important salt or gold?
According to trade documents from Venice in 1590, 33 gold ducats would buy you a ton of salt (ton the unit of measure, not the hyperbolic large quantity). … Those enormous markups suggest that at one point in time the salt trade was probably more valuable than the gold industry.
Why was salt so precious?
Prior to industrialization, it was extremely expensive and labor-intensive to harvest the mass quantities of salt necessary for food preservation and seasoning. This made salt an extremely valuable commodity. Entire economies were based on salt production and trade.
How did Ghana become a rich and powerful kingdom?
Ghana achieved much of its wealth by trading with the Arabs. Islamic merchants traveled over 2 months across the desert and were taxed by Ghana for anything they brought in or took out. Ghana declined and was weakened by attacks from invaders and was eventually cut off from trade and absorbed into the Kingdom of Mali.
Why was salt and gold so valuable?
The people who lived in the desert of North Africa could easily mine salt, but not gold. … They craved the precious metal that would add so much to their personal splendor and prestige. These mutual needs led to the establishment of long-distance trade routes that connected very different cultures.