What do you think monarch would be like 500 years ago

Five hundred years ago, kings and queens made all the big decisions for their countries. They controlled the treasuries, commanded armies, and appointed important officials. Today, European monarchs are public figures whose duties are mainly symbolic. They still live in palaces and take part in national ceremonies, but they have little political power.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.

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