Thursday, February 9, 2012

Yuan dynasty inventions:paper money


Yuan Dynasty inventions:
Paper Money
    In the year 1260 BC the Yuan dynasty started using ‘paper money’. Paper money was used because it was easier to use than iron, since people started using paper money the other things (iron, copper, and gold) can be used for other material. Paper money became a huge part of the Yuan dynasty, each bill had a special face value and they used the money just like how we use ours today. Unfortunately, the government started making so much of the paper money; it started to become less valuable. Since it became less valuable, they took it from the paper money on wood, to copper. Yet, still the value of the money stayed down, so soon the Yuan dynasty abandoned paper money and went back to metal.

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