0
China
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What country is the origin of the first paper money?
China was the first country to use both paper money and the printing press.
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)
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
How did the invention of paper impact the world?
Paper is made by cutting pieces of wood from trees and thinning it small and some other stuff done by machines to make it look more factory-made. well paper has quite a lot of uses so I'm sure it made a GREAT impact on the world. for instance: Japan could now create the essence of Origami. also the more obvious and probably the first use of paper was to draw on. paper was a very great way to fill up the hole of boredom- and it still is! Paper is light and can be written on easily. If it wasn't for paper, then we'd probably still be carving on rocks and writing on bamboo and silk! But we also need to thank the pen, or else we'd have nothing to write with! Paper was first invented in China and basically the same processed is still used today. First chop up the wood into coarse "sawdust". Second use a solvent (early pulp paper used acidic solvents which yellowed the paper over time, modern solvents are usually nonacidic) to dissolve the lignin to make a wood paste. Third spread the paste on a "web" and allow it to dry (solvent evaporate, the lignin resolidifies). Fourth remove the paper from the "web" and trim to desired size. One major impact was development of paper money, making economic growth rates independent of supplies of precious metals.
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 group of people was the first to create and use paper money?
The first users of paper money where in China
Where was the first use of paper money?
china
What country is the origin of the first paper money?
China was the first country to use both paper money and the printing press.
Why did china begin to use paper money?
paper money was first used because of a metal shortage
What country first made use of paper money?
China
What was the first nation to use paper money?
china ithink
Who distributes 'Manundy Money' on the Thursday before Easter and which county was first to use paper money?
The Monarch of the United Kingdom (currently Queen Elizabeth II) and China was the first country to use paper money.
First people to use paper money?
This is when paper money first became popular. It was actually in 806 AD that paper money was used. The Chinese were the first ones to give bank slips and paper money under the T'ang dynasty. It was later abandoned in 1455 in China only to be reinstated in the 1800s.
In what year did U.S people first use paper money?
1690
Who we're the first people to use paper money?
the chinese becuase they started it ......
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)
What was the country that made the use of paper money?
China is credited with being the first country to make use of paper money as a form of currency. This development occurred during the Tang Dynasty (618-907 AD).
