0 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.

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