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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).
A sophisticated economic system in imperial China gave birth to inventions such as paper money during the Song dynasty (960–1279). The invention of gunpowder in the mid 9th century during the Tang dynasty led to an array of inventions such as the fire lance , land mine , naval mine , hand cannon , exploding cannonballs , multistage rocket and ...
A banknote of 5 Dragon dollars issued in 1907 by the Kiangnan Yu-Ning Government Bank for circulation in the Jiangnan region.. The paper money of the Qing dynasty (Traditional Chinese: 清朝鈔票) was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty ...
Ancient China, Africa, and India used cowry shells. [3] The Mesopotamian civilization developed a large-scale economy based on commodity money. The shekel was the unit of weight and currency, first recorded c. 2150 BC, which was nominally equivalent to a specific weight of barley that was the preexisting and parallel form of currency.
Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).
Yuan dynasty banknote (2 guàn) with its printing plate (1287). Jiaochao (simplified Chinese: 交钞; traditional Chinese: 交鈔; pinyin: jiāochāo) is a Chinese word for banknote first used for the currency of the Jurchen-led Jin dynasty and later by the Mongol-led Yuan dynasty of China.
The four inventions do not necessarily summarize the achievements of science and technology in ancient China. The four inventions were regarded as the most important Chinese achievements in science and technology, simply because they had a prominent position in the exchanges between the East and the West and acted as a powerful dynamic in the ...
A modern reproduction of a guanzi banknote. The guanzi (simplified Chinese: 关子; traditional Chinese: 關子; pinyin: guān zi), was a Song dynasty era form of paper money that served as promissory notes that could be traded for goods and services where the seller that received these notes could go to an issuing agency and redeem the note for strings of coins at a small exchange fee.