Supply and Demand
Monday, December 18th, 2006
Marco Polo described it in his book,
The Travels of Marco Polo:
“The hall is so vast and so wide that a meal might well be served there for more than 6,000 men.”
What caused such great wealth? Hundreds of years earlier, the Chinese had learned how to weave silk cloth. Over the years demand for silk grew, coming from people as far away as Europe and Africa. How was the silk-making industry able to create such wealth for China?