1 Best historical eras introducing paper money

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Paper money introduction revolutionized commerce by replacing metal coins with lighter, more convenient currency The introduction of paper money in Tang Dynasty China around the 7th century CE represented a revolutionary financial innovation that transformed commerce and monetary systems. This development evolved from merchants' exchange notes into government-backed currency that offered advantages in portability, production cost, and flexibility compared to metal coinage. Paper money facilitated long-distance trade, reduced transportation challenges, and enabled more sophisticated financial instruments. This Chinese innovation eventually spread globally, fundamentally altering how societies conceptualized value, conducted transactions, and developed banking systems across medieval and modern periods.

Song Dynasty

8.2 Score

Known for Economic Revolution,Paper Money,Gunpowder,Commercial Revolution,Administrative Innovations

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Facts about Best historical eras introducing paper money

Song Dynasty
- What are the time periods of different historical eras?
- Song Dynasty did not include Development Of Writing,Neo-Confucian Revival as a major event..
- The time period span of Song Dynasty is 960 CE - 1279 CE.