The passage reveals which of the following trends from the period 1200 to 1450?
Refer to the passage.
Furthermore all merchants arriving from India or other
countries, and bringing with them gold or silver or gems
and pearls, are prohibited from selling to any one but the
Emperor. He has twelve experts chosen for this
business, men of shrewdness and experience in such
affairs; these appraise the articles, and the Emperor then
pays a liberal price for them in those pieces of paper.
The merchants accept his price readily, for in the first
place they would not get so good a one from anybody
else, and secondly they are paid without any delay. And
with this paper-money they can buy what they like
anywhere over the Empire, whilst it is also vastly lighter
to carry about on their journeys. And it is a truth that the
merchants will several times in the year bring wares to
the amount of 400,000 bezants, and the Grand Sire pays
for all in that paper.
O Widespread hostility toward trade with outsiders was
being supported by the state.
o The state was sponsoring innovative commercial
practices and infrastructure to encourage trade.
O Luxury goods and products became accessible to the
middle and lower classes.
O Economies were declining throughout Eurasia as a
result of Mongol invasions.