Mughal Empire

The Mughal Empire was an early-modern empire that controlled much of South Asia between the 16th and 19th centuries. For some two hundred years, the empire stretched from the outer fringes of the Indus river basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India.

The Mughal empire is conventionally said to have been founded in 1526 by Babur, a warrior chieftain from what is today Uzbekistan, who employed aid from the neighboring Safavid and Ottoman empires, to defeat the Sultan of Delhi, Ibrahim Lodi, in the First Battle of Panipat, and to sweep down the plains of North India. The Mughal imperial structure, however, is sometimes dated to 1600, to the rule of Babur’s grandson, Akbar. This imperial structure lasted until 1720, until shortly after the death of the last major emperor, Aurangzeb, during whose reign the empire also achieved its maximum geographical extent. Reduced subsequently to the region in and around Old Delhi by 1760, the empire was formally dissolved by the British Raj after the Indian Rebellion of 1857.

The Mughals adopted and standardised the rupee (rupiya, or silver) and dam (copper) currencies introduced by Sur Emperor Sher Shah Suri during his brief rule. The currency was initially 48 dams to a single rupee in the beginning of Akbar’s reign, before it later became 38 dams to a rupee in the 1580s, with the dam’s value rising further in the 17th century as a result of new industrial uses for copper, such as in bronze cannons and brass utensils. The dam was initially the most common coin in Akbar’s time, before being replaced by the rupee as the most common coin in succeeding reigns. The dam’s value was later worth 30 to a rupee towards the end of Jahangir’s reign, and then 16 to a rupee by the 1660s. The Mughals minted coins with high purity, never dropping below 96%, and without debasement until the 1720s.

Despite India having its own stocks of gold and silver, the Mughals produced minimal gold of their own, but mostly minted coins from imported bullion, as a result of the empire’s strong export-driven economy, with global demand for Indian agricultural and industrial products drawing a steady stream of precious metals into India. Around 80% of Mughal India’s imports were bullion, mostly silver, with major sources of imported bullion including the New World and Japan, which in turn imported large quantities of textiles and silk from the Bengal Subah province. (More…)

Mughal Emperors (More…)

Titular Emperors

Over the course of the Empire, there were several claimants to the Mughal throne who ascended the throne or claimed to do so but were never recognized.
Here are the claimants to the Mughal throne