In 1324 the king of Mali, Mansa Musa went on a pilgrimage to Mecca. On the way he gave so much gold to the poor and bought so many souvenirs with gold that he caused a recession in Egypt that lasted 10 years. When he heard what he had caused he borrowed all of the gold back at high interest rates.

In 1324 the king of Mali, Mansa Musa went on a pilgrimage to Mecca. On the way he gave so much gold to the poor and bought so many souvenirs with gold that he caused a recession in Egypt that lasted 10 years. When he heard what he had caused he borrowed all of the gold back at high interest rates.

November 27, 2021

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