Birth of Paper Money
The story of the first paper money unfolds in Sichuan, China, around the year 1000. A clever merchant introduced the concept of paper receipts in exchange for iron coins, revolutionizing trade by allowing people to transact without the cumbersome weight of coins. This innovation not only made transactions more efficient but also caught the attention of the government, leading to the widespread adoption of paper currency across China.In this clip
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Money: The Origins of a Made Up Thing with Jacob Goldstein #319
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