What was the effect in Egypt from Mansa Musa pilgrimage?
While in Cairo, Mansa Musa met with the Sultan of Egypt, and his caravan spent and gave away so much gold that the overall value of gold decreased in Egypt for the next 12 years. Stories of his fabulous wealth even reached Europe.
How did Mansa Musa’s actions affect the Egyptian economy?
How did Mansa Musa’s actions affect the Egyptian economy and currency? He gave away so much gold that it’s value went down.
How did Mansa Musa crash the economy of Cairo?
Musa is known to have visited the Mamluk sultan of Egypt, Al-Nasir Muhammad, in July 1324. Because of his nature of giving, Musa’s massive spending and generous donations created a massive ten year gold recession. In the cities of Cairo, Medina, and Mecca, the sudden influx of gold devalued the metal significantly.
What was the effect of Mansa Musa’s generous spending in Cairo?
The people of Cairo earned incalculable sums from him…. So much gold was current in Cairo that it ruined the value of the money.” Indeed, by spending so much gold, Musa caused an oversupply of the precious metal, and as a result, the value of gold plummeted throughout much of the Middle East for several years.
What was the legacy of Mansa Musa’s pilgrimage?
Legacy of Mansa Musa’s Pilgrimage. Mansa Musa’s journey and his lavish spending in Cairo introduced his West African kingdom to Europe, North Africa, and West Asia. When merchants heard of his wealth, they organized caravans and traveled to make their fortunes in the Mali Empire.
Who was Mansa Musa and what was his kingdom?
During his reign, Mali was one of the richest kingdoms of Africa, and Mansa Musa was among the richest individuals in the world. The ancient kingdom of Mali spread across parts of modern-day Mali, Senegal, the Gambia, Guinea, Niger, Nigeria, Chad, Mauritania, and Burkina Faso.
How much gold did Mansa Musa bring to Egypt?
Arab writers from the time said that he travelled with an entourage of tens of thousands of people and dozens of camels, each carrying 136 kilograms (300 pounds) of gold. While in Cairo, Mansa Musa met with the Sultan of Egypt, and his caravan spent and gave away so much gold that the overall value of gold decreased in Egypt for the next 12 years.
When did Mansa Musa come to power in Mali?
Mansa Musa turned the kingdom of Mali into a sophisticated center of learning in the Islamic world. Mansa Musa came to power in 1312 C.E., after the previous king, Abu Bakr II, disappeared at sea. Mansa Abu Bakr II had departed on a large fleet of ships to explore the Atlantic Ocean, and never returned.