The Third Episode Is About The Invention Of The Paper Money And The Introduction Of A Coinage.
A short history of paper money in china until 1911. Paper money is an invention of the song dynasty in china in the 11th century ce, nearly 20 centuries after the earliest known use of metal coins. On the origin of paper money.
Paper Money Is An Invention Of The Song Dynasty In China In The 11Th Century Ce, Nearly 20 Centuries After The Earliest Known Use Of Metal Coins.
Over three dynasties, the song, the yuan, and the ming, paper currency continued to circulate until around the 1430’s when a silver based monetary system was adopted. European explorers like marco polo introduced the concept in europe during the 13th century. The history of paper money.
The Notion Of Using Paper As Money Is Almost As Old As Paper Itself.
It was first issued in 1023 together by 16 merchant princes in chengdu, sichuan province. Still, in china, paper currency first began circulating over 1,000 years ago. The song dynasty was the first government to print government backed paper money known as the jiaozi, or huizi.
In Western Countries Such As The United States, Paper Money Has A Relatively Short Existence Going Back To The Seventeenth And Eighteenth Centuries.
China is not only credited with having invented paper but it is also generally recognized to have been the first country in the world to use paper money. The first paper money keren su / corbis paper bills were first used by the chinese, who started carrying folding money during the tang dynasty (a.d. History of chinese paper money:
The First Paper Banknotes Appeared In China About 806 Ad.
Replica 100 yuan notes are also stuck on tombs. Originally paper money was really just an official printed receipt and it was called ‘flying money’ 飞 钱 fēi qián. They greatly expanded the use of paper currency, both by issuing notes of indeterminate duration, and allowing full convertibility to silver and gold or strings of bronze coins.