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Baghdad's economy relied on taxes, and wealth generated by trade and manufacturing. The empire was rich in gold, silver, copper, and iron and used them in trade. Farmers grew dates, rice, and other grains. In addition, the Abbasids introduced new breeds of livestock. They also spread cotton. Traders from Scandinavia to Africa came to Baghdad for the products of its industries too. Leather goods, textiles, paper, metalwork, and perfumes were sold in the city. The Abbasids developed something very similar to the banking system. They did not have bank buildings but business people invested in long distance trade and goods were bought on credit. They also had a postal system. Muslim rule unified the eastern world. They introduced a uniform coinage system that made commerce easier. The Abbasids treated non-Muslims well. In their time, there were 11000 Christian churches, and hundreds of synagogues and fire temples.

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Q: Describe the economy of the later Abbasid empire?
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Related questions

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