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How did the Chinese spread the paper money from other parts of the world?
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∙ 12y ago
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where it later spread to
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∙ 12y ago
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How did Chinese paper money change the world?
Because Asian rocks
What are facts about Chinese paper money?
they used it to well when they sold silk people would use paper money so there you have peeps paper money thank you thank you you've been a great.. well what ever by by
Where in the world was paper money first used?
First created and used by the Chinese
Who invented Chinese paper money?
Paper money NINTH CENTURY AD The Chinese invented paper money at the end of the eighth or beginning of the ninth century AD. Its original name was 'flying money' because it was so light and could blow out of one's hand. The first paper money was, strictly speaking, a draft rather than real money. A merchant could deposit his cash in the capital, receiving a paper certificate which he could then exchange for cash in the provinces. This private merchant enterprise was quickly taken over by the government in 812. The technique was then used for the forwarding of local taxes and revenues to the capital. Paper 'exchange certificates' were also in use. These were issued by government officials in the capital and were redeemable elsewhere in commodities such as salt and tea.When the Mongols came to power in China, they issued a quaint form of paper money called 'silk notes'. The deposits behind this currency were not precious metals but bundles of silk yarn. All older money had to be cashed in and exchanged for silk notes, and the Mongols spread this unified currency all over the Empire and even beyond. By 1294, Chinese silk notes were being used as money as far afield as Persia. In 1965, two specimens of 'silk notes' were found by archeologists.When Marco Polo visited China, he was so impressed by paper money that he wrote a whole chapter about it, describing everything about its manufacture and circulation. He described the manner in which it was issued:All these pieces of paper are issued with as much solemnity and authority as if they were of pure gold or silver; and on every piece a variety of officials, whose duty it is, have to write their names, and to put their seals. And when all is duly prepared, the chief officer deputed by the Khan smears the Seal entrusted to him with vermilion, and impresses it on the paper, so that the form of the Seal remains printed upon it in red; the Money is then authentic. Anyone forging it would be punished with death.
What year did the world start using paper money and coins?
Coins and paper money have been in use for millennia so there's no recorded history of their very first use. Coins have been traced back as far as the Lydians in the 8th century BCE, while paper money was introduced by the Chinese during the Tang dynasty (7th to 10th centuries)
How did paper money spread throughout the world?
Paper Money was first created by the Chinese around 600 AD. When the Mongols invaded, it was still there. So, Mongol traders spread it around the world while trading themselves. Hope it was a help!
What was acient chinese paper money made of?
If it is called "paper money", then presumably, it was made from paper.
How did paper spread throughout the world?
Paper Money was first created by the Chinese around 600 AD. When the Mongols invaded, it was still there. So, Mongol traders spread it around the world while trading themselves. Hope it was a help!
Who discovered paper money?
Paper money was invented not discovered. Probably by the Chinese.
What is Chinese paper money called?
Yuan is the currency of China. Money in Chinese is 钱
What was one drawback of Chinese using paper money?
Paper money is too difficult to carry.
Who was on the Chinese paper money?
George Washington
What did the Chinese use paper money?
PayPal
What did Chinese use for money?
Coins and paper
First used paper money?
The Chinese
How ancient Chinese paper was used?
It was used when china had invaders coming, this paper money protected them and the Chinese gave the invaders some money to go away.
What did the Chinese use before paper money?
Paypal
