Who invented paper money?

Question

I kno it was a Chinese person, but I need the exact name.

Answer 1

NAME .... Jiaozi of (Song Dynasty),
the world's earliest paper money, Thats still around today for people to see.

The earliest Paper Currancy was made by each person that someone else owed them money, Both had to sign this single paper. These would be called Banknotes and they could be traded as coins etc,,, This started in the 600s and oldest found paper money is just before the Song Dynasty...

Spendable Paper money from a government was in Europe.
Europe the first paper money consisted of paper 'coins' issued in Protestant Leyden (today, Leiden) in the Netherlands during the Spanish siege of 1574.

Americas 1st paper money... 1690 - The Massachusetts Bay Colony issued the first paper money in the colonies which would later form the United States.

Answer 2

Who Invented Paper Money

Answer 3

When Was Paper Money Invented

Answer 4

Well, they had paper money shortly after the nation was born but each state printed it's own and set its value. This, among other things crippled the economy and had the colonies struggling to survive. The Founding Fathers got together and wrote the Constitution in which the U.S. government is given the responsiblity of producing currency. Alexander Hamilton was the first Secretary of the Treasury so I guess you might give him credit. He is, after all, the only person to appear on American paper money that wasn't a President. Paper money is cheaper to produce but doesn't last nearly as long. You don't ever run into issues where the money becomes worth less than the material it's made of, like pennies have now done.

Answer 5

First Banknotes in the world
The use of paper money as a circulating medium is intimately related to shortages of metal for coins. In ancient China coins were rectangular with a hole in the middle. Several coins could be strung together on a rope. Merchants in China were rich and therefore their string of coins was often too heavy to carry around, therefore the coins were often left with a trustworthy person and the merchant was given a slip of paper showing how much money he had with that person. If he showed the paper to that person he could regain his money. Eventually from this paper money originated. In the 600s there were local issues of paper currency in China and by 960 the Song Dynasty, short of copper for striking coins, issued the first generally circulating notes. A note is a promise to redeem later for some other object of value, usually specie. The issue of credit notes is often for a limited duration, and at some discount to the promised amount later. The original notes were restricted in area and duration, but the Yuan Dynasty, facing massive shortages of specie to fund their occupation of China, began printing paper money without restrictions on duration. By 1455, in an effort to rein in economic expansion and end hyperinflation, the new Ming Dynasty ended paper money, and closed much of Chinese trade.

You could get more information from the link below...

Answer 6

In the 600s there were local issues of paper currency in China and by 960 the Song Dynasty, short of copper for striking coins, issued the first generally circulating notes. A note is a promise to redeem later for some other object of value, usually specie. The issue of credit notes is often for a limited duration, and at some discount to the promised amount later. The original notes were restricted in area and duration, but the Yuan Dynasty, facing massive shortages of specie to fund their occupation of China, began printing paper money without restrictions on duration. By 1455, in an effort to rein in economic expansion and end hyperinflation, the new Ming Dynasty ended paper money, and closed much of Chinese trade.

It was not Cai Lun. (he invented the paper)
Cai Lun (Traditional Chinese: 蔡倫; Simplified Chinese: 蔡伦; Hanyu Pinyin: Cài Lún; Wade-Giles: Ts'ai Lun) (ca. AD 50—121), courtesy name Jingzhong (敬仲), was a Chinese eunuch, who is conventionally regarded as the inventor of paper and the papermaking process, in forms recognizable in modern times as paper (as opposed to Egyptian papyrus).

Answer 7

The first paper banknotes appeared in China around 806 AD.
In all, China experienced over 500 years of early paper money, spanning from the ninth through the fifteenth century. Xuan Zong - Li Chen was Emperor of China at that time, and so was probably responsible, at least to some degree.

Answer 8

Paper was invented by Cai Lun in 105 AD

Answer 9

This Site Might Help You.

RE:
Who invented paper money?
I kno it was a Chinese person, but I need the exact name.

Answer 10

The Socialist Myth of the Greedy Banker

http://iakal.wordpress.com/2014/02/24/the-socialist-myth-of-the-greedy-banker-the-gold-standard/

The Socialist Myth of Economic Monopoly

http://iakal.wordpress.com/2014/03/12/the-socialist-myth-of-economic-monopoly/