Mansa Musa crashes the Egyptian gold market
1324
So extravagant were the Malian emperor's gifts to Cairo's merchants and beggars that gold lost a quarter of its value and did not recover for a decade. Musa had to borrow on the return journey. His hajj put West Africa on European maps and made Mali a synonym for unimaginable wealth.
In context
Also in 1324 (3 other events on record)
- Mansa Musa reaches Cairo on hajj · Africa · Politics
- Aztec Tenochtitlan founded on Lake Texcoco · North America · Politics
- Marsilius of Padua publishes Defensor Pacis · Europe · Culture
Before and after in Africa
Before and after in Politics
Era
Late Middle Ages (1301–1500), one of 874 events from that era on Saeculum.
Sources