How Did the Creation of Paper Money during the Song Dynasty Impact China
The issuing of paper currency in Song China was as much of a process as the paper currency invention itself. There was no single currency until the end of the dynasty, but instead, there were several currency zones throughout China.
How China created the world's first paper currency - NPR
Sep 23, 2020 · Today on The Indicator, Planet Money host Jacob Goldstein tells the story of paper money — why it was created, how it transformed China, and why it (temporarily) went away.
Paper in Ancient China - World History Encyclopedia
Sep 15, 2017 · Paper was used for many things in ancient China including books, writing paper, maps, money, packaging, hats, and screens. It was a valuable commodity and so used to pay taxes and tribute. When was paper money invented in China?
Jiaozi (currency) - Wikipedia
Jiaozi (Chinese: 交子) was a form of promissory note which appeared around the 11th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history, a development of the Chinese Song Dynasty (960–1279 CE).
The Invention of Paper Money - ThoughtCo
Oct 17, 2019 · 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. While paper money was certainly easier to carry in large amounts, using paper money had its …
The rise and fall of paper money in Yuan China, 1260–1368
Jan 8, 2024 · Our paper explores the mechanism of paper money in Yuan China by deploying extensive primary and secondary sources. We show that the Yuan's paper money regime was stable and successful for nearly half of the century.
The birth of paper money in China - ADP ReThink Q
Dec 1, 2023 · With the introduction of jiaozi, paper currency was in circulation in China six centuries earlier than in Western countries such as Sweden (1661), the United States (1692) and France (1716). This was a remarkable achievement, …
The first Chinese paper money, "jiaozi," was stamped with six …
May 18, 2017 · The Yuan Dynasty, founded by Kublai Khan, favored the innovative currency and began issuing their own paper money – “chao”. Fascinated by the innovative idea of government-backed currency, Marco Polo himself introduced the new money back in Europe, when he returned from his visit with Kublai Khan.
Song Dynasty Paper Money: China Invention of Paper Currency
Paper money was first invented in China and popularized during the Song Dynasty (960-1276 AD). During this time, both domestic and international trade flourished. Historians even cite this period as a “commercial revolution” in China.
How Did Paper Money Develop in the Premodern World?
Dec 23, 2023 · Paper money (also banknote or bill) was first invented in China’s Song Dynasty (CE 960-1279) after a long process that can be traced back to the 3rd century BCE. Eventually, coin currency became too cumbersome and devalued, so various economists, philosophers, and emperors looked for answers.