The Salt That Bought an Empire (Why Salt Was Pricier Than Gold)

oday, salt is one of the cheapest items in the grocery store, often costing less than a dollar. But 700 years ago, this common mineral was the most strategically important substance on Earth, commanding a price higher than gold. In this video, we explore the fascinating economic history of salt and how it dictated the rise and fall of global empires.

We uncover why rarity doesn't always equal value, explaining the economic concept of inelastic demand. You will learn how the Venetian Republic and the Tang Dynasty weaponized salt to build massive monopolies, using it to fund wars and control populations. We also examine how the history of the salt trade serves as a blueprint for understanding modern commodity bubbles, from the 1970s oil crisis to today's semiconductor shortage. This is not just a history lesson; it is an analysis of how power, scarcity, and technology shape the global economy. Discover the dark truth behind the "salary" system and why the salt in your kitchen was once worth a human life.

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