Might this be the first Ponzi scheme?
By 1190, Temüjin, his followers, and their advisors, had united the smaller Mongol confederation only. In his rule and his conquest of rival tribes, Temüjin broke with Mongol tradition in a few crucial ways. He delegated authority based on merit and loyalty, rather than family ties. As an incentive for absolute obedience and following his rule of law, theYassa code, Temüjin promised civilians and soldiers wealth from future possible war spoils. As he defeated rival tribes, he did not drive away enemy soldiers and abandon the rest. Instead, he took the conquered tribe under his protection and integrated its members into his own tribe. He would even have his mother adopt orphans from the conquered tribe, bringing them into his family. These political innovations inspired great loyalty among the conquered people, making Temüjin stronger with each victory.[14]
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