answersLogoWhite

0

The Ghanaian king, specifically during the time of the ancient Ghana Empire, controlled the price of gold through a combination of monopolistic practices and regulation of trade. He maintained exclusive rights over gold production and trade, ensuring that all gold mined within his territory was collected and stored in royal reserves. By controlling the supply of gold and regulating its distribution, the king could influence its value. Additionally, the king imposed taxes and tariffs on gold transactions, further asserting his economic authority over this precious resource.

User Avatar

AnswerBot

3mo ago

What else can I help you with?

Related Questions

How does Ghana's King keep the price of gold high?

I kept gold from poeple who wanted to steal it. so that's how the price was high


What king of Ghana controlled the trade of which two commodities?

The king of Ghana, often referred to as the Ghanaian king or the "Wagadu," controlled the trade of gold and salt. Gold was highly sought after and served as a symbol of wealth, while salt was essential for preservation and nutrition. The strategic location of the Ghana Empire facilitated the exchange of these commodities, making it a key player in trans-Saharan trade networks. This control over trade contributed significantly to the empire's wealth and power.


When was King's Gold created?

King's Gold was created in 2003.


How many pages does King's Gold have?

King's Gold has 316 pages.


Has King Arthur have gold?

Yes, as king, I'm certain Arthur would have had gold.


Where did King Tutankhamun get all his gold?

king tut got all his gold from is father


Who did the king of France send to find gold?

Jacques Cartier was sent by the king of France to find gold.


What was king Henry VIII favourite colour?

King Henry the eighth favouritecolour is gold


A superfluity of gold is associated with A. King Tut B. King Kong C. King Midas D. King Arthur?

King Midas- had WAY too much gold.


What Greek king had the touch of gold?

King Midas


What was King Tutankhamuns favorite thing as king?

gold


Did a medieval king own gold?

Since a king or queen own the land they rule, yes, they own all the gold on the land (and everything else).The British monarch, for example, has the power to take control of any plot of land or building they desire. A power that hasn't been used for generations.