The history of paper money is interesting not only from the idea and technolgy of printing, but also from the perspective of trading with a commodity that in itself has no intrinsic value. Clearly the issues of paper currency must inspire confidence for trading something of worth for items of no specific worth, and with the potential to be abused by the issuer as a way to increase the supply and control of items of value, thus creating inflation. For much of its history, China used gold, silver and silk for large sums, and bronze for everyday transactions. The notion of using paper as money is almost as old as paper itself. The first paper banknotes appeared in China about AD.
Ancient Chinese Inventions
Ancient Chinese Contributions | Term Paper Warehouse
These innovations remain part of the Chinese Ancient China is one of the most interesting countries in the world. It has a famous history of well-known inventions that is used in our modern day living all over the world. China has always been
Ancient Chinese Contributions
Please join StudyMode to read the full document. Although most of china is made up of mountains and deserts, there are some places like the river valleys with good climate and soil that is perfect for farming. These river valleys are formed by the Huang, Yangtze, and Xi Rivers. When they knew they could farm there, people began to settling along the Huang about bc.
China was the land of numerous inventions that played an important role not only for the Chinese but for the rest of the world as well. The Four Great Inventions of ancient China include papermaking, the compass, gunpowder, and printing. Chinese were able to develop technologies that required knowledge in numerous fields including mechanics, hydraulics, mathematics, horology, astronomy, agriculture, engineering, craftsmanship, nautics, and warfare. Find out which inventions created in ancient China are considered to be some of the most important. Quite often when we think of pasta we associate it with Italy.