Question

How could Muhammad Bin Tughlaq have made the token currency a success?

Accepted Answer

Muhammad Bin Tughlaq may have adopted the following strategies to make the token currency a success:

Gradual Introduction: He might have introduced the token coins gradually, allowing people to grow used to the new system, as opposed to abruptly replacing the current money with them.

Education and Public Awareness: Tughlaq has the opportunity to launch major public awareness campaigns regarding the advantages and use of the new token currency. This would have aided in increasing public acceptance and trust.

Punishing Counterfeiters: To maintain the integrity of the token money and maintain public confidence in the system, strict actions against counterfeiters would be required.

Feedback-Gathering: Being receptive to suggestions from retailers, traders, and the general public would have enabled the required modifications to be made to the token currency system in light of actual usage.

Supporting Infrastructure: It was the responsibility of Tughlaq to make sure that there were sufficient facilities and channels for users to easily swap their token money for other goods and services.

History (Chapters 1-5)

Feedback-Gathering: Being receptive to suggestions from retailers, traders, and the general public would have enabled the required modifications to be made to the token currency system in light of actual usage.
Supporting Infrastructure: It was the responsibility of Tughlaq to make sure that there were sufficient facilities and channels for users to easily swap their token money for other goods and services.

Vipul Singh Social Science Solutions for Exercise - History (Chapters 1-5)

Questions from History (Chapters 1-5) with Hints & Solutions

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