🌍 where
Where did the earliest known use of paper money begin?
HistoryEconomics
Quick Answer
The earliest known paper money began in China during the Tang and Song dynasties.
The Full Story
The earliest widely recognized paper money originated in China, with early forms appearing under the Tang dynasty and becoming more established during the Song dynasty. By the 11th century, the Song government issued jiaozi, often regarded as the first true paper currency. These notes emerged because carrying large amounts of metal coinage was inconvenient for trade. The innovation spread gradually and eventually influenced monetary systems around the world.
Key Facts
1.Paper money began in China
2.Early banknotes appeared by the 11th century
3.Jiaozi is often cited as the first true paper currency
YouTube Angle
Suggested video title for this topic:
"The place where money first became paper"