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First Paper Money Used

Paper money, first created by the Chinese government around 650 AD, revolutionized trade by offering a lighter and easier alternative to gold and iron coins. Initially introduced as 'value tokens' during the Song Dynasty, this innovation gained international attention when Marco Polo documented its use in China. Despite its early adoption in Asia, paper money did not become popular in Europe for nearly 400 years. This overview examines the inception, distribution, and significance of paper money from its early days to its global impact.

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First Paper Money Used

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  1. First Paper Money Used By: Aya El-Husseini 6D

  2. Who? Who made paper money Paper money was first made in China by the government. It became a governmental policy. It was better than gold and iron coins because it was light and easier to carry around. Names and seals were printed and written on paper money by the government officials who issued it.

  3. Where? Where was paper money used At first, paper money was used in China. Later, it became known to the world when a trader, Marco Polo, went to China and saw that they were using paper money. Paper money didn’t become popular in Europe for another 400 years.

  4. What? What was paper money

  5. When? When was paper money issued? Somewhere around 650 AD, the emperor of China began to issue ‘value tokens’ for general use. During the Song Dynasty,paper money was used mainly in China at first, but after Marco Polo saw paper money it spread further.

  6. Why? Why was paper money created

  7. Bibliography (MLA) "Paper Money." Silk-road. 1997. Web. 13 Oct. 2010. <http://www.silk-road.com/artl/papermoney.shtml>. Alex. "Paper Money." Human Body Kids Math Web at Thinquest.org. Web. 12 Oct. 2010. http://library.thinquest.org/03oct/00921/papermoney.htm. Richardson, Adele. Money. Mankato, MN: Creative Education, 2000. Print. Macht, Norman L. Money and Banking. Philadelphia, PA: Chelsea House, 2001. Print.

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  10. ThankU4watching! 

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