Economic Crisis of Ghaznavids and the Effect of That in the Collapse of Political Constancy

Ghaznavids (360 -431) were from the middle ages with the origin of the Gholami who came to rule after the abduction of their believers in eastern Iran. Taxes were comon and traditional sources of this government›s economy, and since the iqtas due to political problems were never considered by the Ghaznavid sultans, the achievement of India›s spoils became the source of the livelihood of this dynasty, which, though financed by the government, The great army were kept active, but these spoils, elephants and slaves did not create the expected results in the production, development and economic prosperity of the Ghaznavids, and the abundance of problems caused a rise in liquidity, inflation and high prices. In this article, we have been examining the effect of military expedition to India on the financial strength of the armies, that caused transformed them from brave and agile warriors to wealthy class. This political and moral degeneration caused failing the Ghaznavids against the Turkmen movements in Khorasan, and losing their financial and military powers by plunder. The Ghaznavid peasantries that because of the campaign to India, had received a lot of tax pressure, with heavy taxes and the emersion of famine, they gradually found an impartial or even biased approach to the Turkmen, where the ultimate defeat of the Ghaznavids was in the battle of the Dandanghan.