Berke–Hulagu war: Mongol forces under Berke Khan, ruler of the Golden Horde, raid territory in the Caucasus belonging to his cousin Hulagu Khan, ruler of the Ilkhanate. Berke supports the Georgian rebels and allies with the Mamluks. He defeats the Ilkhanate forces on the Terek River, together with the Mamluk army led by Baibars (or Abu al-Futuh), saving Palestine and Arabia from Ilkhanate occupation.
September 14–Reconquista: Castilian-Leonese forces led by Alfonso X conquer Cádiz. The city has been under Moorish rule since 711. The Muslims are ousted, and Alfonso repopulates the region (also called the Repoblación).[1]
The Venice Senate starts consolidating all of the Republic's outstanding debt into a single fund, later known as the Monte Vecchio. The holders of the newly created prestiti are promised a 5% annual coupon. These claims can be sold, and quickly (before 1320) give rise to the first recorded secondary market for financial assets, in Medieval Europe.[3]
O'Callaghan, Joseph F. (2011). The Gibraltar Crusade: Castile and the Battle for the Strait, p. 32. Philadelphia: University of Pennsylvania Press. ISBN978-0-8122-4302-4.
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