Sunday, June 15, 2008

Chinese Inventions: Paper Currency

It is important to have Chinese inventions because they are very necessary and important in our life. One of those is paper currency , In other words money in the form of paper banknotes. Before money came they use to exchange stuff if they wanted something , this is called trading or bartering.

Then there was cowries little shells used as coins.
Later, coins were invented. After, paper currency was invented in the Szechwan of China in 806bc.
The sung dynasty was the first to issue true paper money in 1023 and the most famous Kublai Khan the Mongol who ruled the Chinese empire in the 13th century.
Paper currency was Chinese block printing. It was a good development because it is lighter to carry around than the gold coins. So finally Chinese paper currency is great because you wont have to carry copper or iron.
By The Inventions Group (DJ)

No comments: