Mongolia Timeline By emilyolsen Jun 3, 1206 Ogadi (son of Genghis Khan) took over ruling of Mongolia Jun 5, 1206 Genghis Khan united Mongol clans and led them to conquer mcuh of Asia Apr 2, 1227 Genghis Khan died after conquering all of Central Asia. Genghis Khan died after conquering all of Central Asia. May 4, 1300 Mongol Empire Breaks Up Jul 2, 1700 Chinese gain control of Mongolia Jul 7, 1924 Mongolia becomes Mongolian People's Republic Apr 4, 1989 After the fall of Soviet Union, the Communist Party in Mongolian lost all power, and country began moving towards political democracy. May 4, 1989 MOngolia transitions into a market economy instead of a communist one. May 3, 2013 Much of the population in Mongolia is nomadic, in which much of which is practiced today and started before Mongolia existed Mar 2, 2022 Nadaam festival of the Three Games of Men (most important festival in Mongolia) dates back 2300 years.