Search results
Results from the WOW.Com Content Network
Code of Hammurabi Law 100 (c. 1755–1750 BC) stipulated repayment of a loan by a debtor to a creditor on a schedule with a maturity date specified in written contractual terms. [3] [4] [5] Law 122 stipulated that a depositor of gold, silver, or other chattel/movable property for safekeeping must present all articles and a signed contract of bailment to a notary before depositing the articles ...
Paper money was introduced in Song dynasty China during the 11th century. [81] The development of the banknote began in the 7th century, with local issues of paper currency. Its roots were in merchant receipts of deposit during the Tang dynasty (618–907), as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large ...
The British parliament passed currency acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution, the colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British parliament, the states began to issue paper money to pay for military expenses.
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [1] They were in two forms: Demand Notes , issued in 1861–1862, [ 1 ] and United States Notes , issued in 1862–1865. [ 2 ]
After printing was popularized during the Song dynasty the demand for paper grew substantially. The supply of bark could not keep up with the demand for paper, resulting in the invention of new kinds of paper using bamboo during the Song dynasty. [19] In the year 1101, 1.5 million sheets of paper were sent to the capital. [17]
The Black Death was a bubonic plague pandemic that occurred in Europe from 1346 to 1353. It was one of the most fatal pandemics in human history; as many as 50 million people [2] perished, perhaps 50% of Europe's 14th century population. [3] The disease is caused by the bacterium Yersinia pestis and spread by fleas and through the air.
A Xianfeng era Great Qing Hubu Guanpiao (大清戶部官票, dà qīng hù bù guān piào) of 1 liǎng (壹兩). The Hubu Guanpiao (Traditional Chinese: 戶部官票, "Ministry of Revenue Government notes") is the name of two series of banknotes produced by the Qing dynasty, the first series was known as the Chaoguan (鈔官) and was introduced under the Shunzhi Emperor during the Qing ...
During the Qing dynasty, foreign food crops, like the potato, were introduced during the 18th century on a large scale. [238] These crops, along with the general peace in the 18th century, encouraged a dramatic increase in population, from approximately 150–200 million during the Ming to over 400 million during the Qing. [ 239 ]