Chinese Inventions: Paper Money
Reagan Dunn and Ethan Thompson
The Origin of Paper Money in China
A Roll of Chinese Money
How did this effect China and the world?
- Coins gold, silver, and other types, didn't take long to not be used anymore (Not many people used them for trade and other things)
- On the silk road, the Chinese spread their findings and others found it fascinating
- People started using it according to these charts: Sweden-1661, America- 1690, France-1720, and Germany did not use until 1806
- This invention effected the whole world after a while
Close Up of Chinese Money
Why was this made? :)
- They made paper money because the coins they carried were very heavy so it was easier to carry paper stacks of money
- It made everything easier to do
- The paper money made trading easier and you could travel and buy things from merchants without all the weight of the coins