In 1615, historian Richard M. Eaton quoted, "one observer estimated the Mughal's annual revenue at 120 million silver coins, compared to 45 million for the Ottoman Empire and just 15 million for the neighbouring Iran (Safavid)."

- India in the Persianate Age: 1000-1765, p. 371

Remember here the historian is talking about year of 1615 but by the year of 1700 the Mughal wealth had been increased even more.
In year of 1700 during the era of Aurangzeb, Mughal economy was more than to the combined wealth of Western Asia, Central Asia, North Asia, Southeast Europe, Western Europe and North Africa.

(Legendary Peacock Throne)
Yeah it is right that Mughal wealth was mostly held by nobles but the point is Mughal Empire was prosperous state not the welfare state.

We have to study the conditions of Mughal citizens from the perspective of middle ages instead of modern era
and their comparsion with other empires of that era.

As far concerns of living conditions of common man, the living standrads of Mughal citizens were higher than Eureopens.
"The average person in Mughal Hindustan ate better than his European counterpart during the reign of Akbar the Great".

- The Modern World-System III.

Mughals were holding 24 percent of world's population and was most industrliazed region on the face of earth.
Historions called this period as the proto-industrliazation just like Industrial revolution of Eureope.
@MHuzaifaNizam Sir have aa look. It will be great pleasure for me.
My thread regarding Humayun's life and Babur's sacrifice
https://t.co/rivkalYKXv

More from History

THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.

A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...


1/ First, let's set the stage.

The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.

H.L. Hunt had amassed a billion-dollar fortune in the oil industry.

He died in 1974 and left that fortune to his family.


2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.

By the late 1970s, the family's fortune was estimated to be ~$5 billion.

In the financial world, the Hunt name was as good as gold (or silver!).


3/ But the 1970s were a turbulent time in America.

Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.


4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.

To hedge this risk, they turned to silver.

They began buying the metal at ~$3 per ounce in 1973.

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.