Paper money and letters of credit

By |2019-04-04T11:23:58-07:00June 12th, 2017|China, Economy|0 Comments

Chinese paper money What came before paper money? For almost two thousand years, people used metal coins for money, or they used letters of credit (like a check today). History of money Silver and silver mining Why did people invent paper money? There was a big change around 1150 AD in China, under [...]