What new characteristics did China s currency appear in the Song Dynasty?

Updated on Financial 2024-06-08
12 answers
  1. Anonymous users2024-02-11

    Due to the sharp increase in the amount of the economy, the amount of money is insufficient. Thus came paper money.

  2. Anonymous users2024-02-10

    The fundamental reason for the emergence of paper money in the Northern Song Dynasty was the frequent commercial activities. Jiaozi first appeared in Chengdu, Sichuan Province in the Song Dynasty. Chengdu was a prosperous commercial city at that time, and the demand for currency increased greatly, while gold, silver, iron and other currencies were too heavy and inconvenient to trade, so paper money Jiaozi appeared.

    During the period of Song Zhenzong, under the permission of **, 16 wealthy households in Chengdu presided over the printing of a kind of paper money, which was circulated in the Sichuan market instead of iron money, called "Jiaozi". This is the world's first banknote. During the reign of Renzong, Jiaozi was collected by the government, and the capital was set and the quota was issued, which was still used in Sichuan.

    During the reign of Huizong, the name of Jiaozi was changed to "Qian Yin", and there was no capital, which replaced the early paper money Jiaozi.

  3. Anonymous users2024-02-09

    c. Frequent business activities.

    Inventions are only made when they are needed.

    The rest are important reasons.

  4. Anonymous users2024-02-08

    Paper money began to appear in the Song Dynasty and has been an indispensable part of people's lives until now. Although with the development of society, electronic payment is more convenient, paper money payment began to be gradually eliminated, but it is undeniable that paper money does have an irreplaceable role in our lives, its convenient loading, convenient use of the characteristics not only did not let it fade in the trend of history, but has been passed down to this day.

    1. The prosperous urban economy accelerated the circulation of money in the Song Dynasty, resulting in an imbalance between supply and demand of currency.

    The development of the commodity economy caused an imbalance between supply and demand, and now, the Song Dynasty still lacks copper coins.

    At the end of the Tang Dynasty, the new tax law was implemented for the first time - the "Two Taxation Law", the two tax laws and the implementation of fixed taxes on farmers, this policy not only stimulated the enthusiasm of farmers for planting, but also realized the free trade of agricultural products, farmers could reclaim wasteland at will, and take the surplus grain to the market to sell. This also made the peasants' dependence on the landlords reduced, the agricultural economy developed rapidly, and the scale of commercial activities expanded, which greatly promoted the development of the commodity economy.

    2. To make up for the lack of currency, sometimes the metal currency in the Song and Yuan dynasties was mainly copper money, and the quantity was insufficient for many reasons, such as tribute to Jinxia and other countries, and the demand for trading was very large, and the emergence of Jiaozi made up for this gap greatly.

    3. Easy to carry, promote large amounts, banknotes are far more convenient than heavy copper coins, and this advantage is more obvious when carrying out large amounts, which greatly promotes the transaction volume.

    4. The establishment of the credit system, paper money is not like metal currency, it has no value in itself, it can be circulated, all rely on credit support, Jiaozi was originally initiated by private businessmen, all of which have played a great role in promoting the social credit system.

    5. Savings and lending are more convenient, and the security of money is increased.

    6. The wisdom of the ancestors of the Chinese nation is infinite, because copper coins are inconvenient, paper money was invented, hundreds of years earlier than the appearance of paper money in Europe. The circulation of paper money has greatly facilitated people's lives, and in daily transactions, people no longer need to pay with heavy copper and iron coins. While bringing convenience to people, it has also become a great progress in human history.

  5. Anonymous users2024-02-07

    1. The development of agricultural production has provided conditions for the development of handicrafts and commerce.

    Second, the development of handicrafts provided the conditions for the prosperity of commerce.

    Third, the transportation is very prosperous, which promotes the economic prosperity of Sichuan.

    Fourth, the development of the commodity economy is prosperous.

  6. Anonymous users2024-02-06

    Song Dynasty: 1. First of all, it is the unified coinage right. The right to mint coins was controlled by the imperial court, and private mints were severely cracked down.

    2. Unify the coin type, mint national standard coins (coin material, weight, composition, technology, etc.), and strictly prohibit the circulation of money with poor quality and insufficient market value. 3. Increase the amount of coinage, which is suitable for the needs of market circulation. 4. Increase the name of coins, improve the credibility of coins, and prosper the culture of coins.

    Such as: (country money, year money, three-body money, imperial book money, money, cents and money, remember the money, back stars, moon straight pattern money,) and: coins of different quality:

    Copper, iron, tin, gold, silver. Tongbao, ingots, and heavy treasure money. All kinds of calligraphy money, especially the imperial book money, Daguan Tongbao, Nine Stacks of Seal Emperor Song Tongbao and so on are liked by people.

  7. Anonymous users2024-02-05

    The Jiaozi of the Northern Song Dynasty is the earliest paper money in China and the world.

    First, these rules that regulate the internal issuance capacity of Jiaozi and stabilize the issuance of Jiaozi have not been able to maintain for too long. First of all, the demarcation and issuance rules of Jiaozi were destroyed, and Jiaozi began to run parallel between the old and new worlds, and the issuance volume doubled.

    Second, the issuance quota of Jiaozi has been repeatedly broken, and the number of Jiaozi issuance has been increasing. After Song Huizong changed Jiaozi to Qian Yin, he refused to exchange the old Jiaozi. (Difficulty in acceptance).

    Third, the requirement of issuing banknotes for the issuance of Jiaozi was abandoned, and in the Daguan period of Huizong of the Song Dynasty, there was no need for metal currency as a banknote. After losing the restriction of banknotes, the number of Jiaozi issued increased dramatically, exceeding the issuance quota by 20 times compared to the Tiansheng period.

    To sum up, the excessive issuance of paper money led to inflation at that time. This is still a common and intractable economic problem today.

  8. Anonymous users2024-02-04

    The emergence of the "Jiaozi" in the Northern Song Dynasty facilitated business contacts and made up for the lack of cash, which was a major achievement in China's monetary history.

  9. Anonymous users2024-02-03

    Transactions were facilitated, and bulky metal money was replaced by lightweight banknotes.

  10. Anonymous users2024-02-02

    Copenha's foundation is admitted, yes, Harbin mayors, yes.

  11. Anonymous users2024-02-01

    Hello dear! The following is the birth and development of currency in the Song Dynasty: The Song Dynasty was a period of economic prosperity and commercial development in Chinese history, and currency was widely used and developed during this period.

    The currency of the Song Dynasty mainly consisted of copper coins, iron coins, silver taels and paper money. Among them, the copper coin was the most important form of currency in the Song Dynasty and the foundation of the Song Dynasty's economy. The casting process of copper coins in the Song Dynasty is relatively advanced, the production is fine, the shape is regular, and it has a high circulation value.

    In addition to copper coins, iron coins and silver coins also appeared in the Song Dynasty. Iron money is a currency minted with iron because copper money is insufficient, but because the value of iron is lower than copper, the purchasing power of iron money is also lower than that of copper money. The silver taels were because the Song Dynasty and foreign countries were frequent, and a large number of them flowed into China, and people began to use ** to measure and exchange goods, which became an important form of currency.

    In addition, paper money also appeared in the Song Dynasty, which first appeared in the Sichuan region during the Northern Song Dynasty, due to the economic development and increase of commercial activities in the Song Dynasty, people needed a convenient form of currency, so paper money was widely used. However, due to the indiscriminate issuance of paper money, the value of paper money was large, which caused a series of economic problems, and paper money was gradually abolished in the Southern Song Dynasty. In short, the development of currency in the Song Dynasty was inseparable from the prosperity of the economy and the development of commerce, and the diversity and circulation of currency also provided strong support for the economic development of the Song Dynasty.

  12. Anonymous users2024-01-31

    Summary. The Song Dynasty was an important stage in the history of China's monetary development, and it was also one of the historical periods in which China's monetary system gradually moved from primitive disorder to gradual perfection. In the Song Dynasty, the emergence and development of money went through a process of short-handed combat, embryonic appearance, and scale expansion.

    In 960 AD, after the establishment of the Northern Song Dynasty, the monetary system began to gradually become standardized. At this time, the first currency is still dominated by copper coins, but due to the unclear and chaotic varieties and other problems, in order to solve these problems, the average loss method began to be implemented in the first year of Taizong Baoyuan, that is, the state unified minting and stipulating the weight and composition of various varieties of copper coins. Since then, copper coins have been further regulated and stabilized, and have been widely circulated throughout the country.

    With the development of social economy and the increase of foreign currency, the Song Dynasty began to introduce a new type of currency. During this period, many foreign currencies such as gold, silver, and silk stamps appeared. The most important of these is paper money.

    In 1023 AD, the Northern Song Dynasty issued the banknote "Jiaozi" for the first time, and then there were banknotes such as "Fortune Ticket" and "Five Coins". These banknotes greatly facilitated transactions and became an extremely important part of the Song economy. In general, the transformation of the monetary system of the Song Dynasty from a copper coin economy to a diversified and complex monetary system marked the maturity and standardization of China's monetary system.

    At the same time, the emergence and development of the currency of the Song Dynasty also promoted the economic prosperity and development at that time, which is of great significance to the history of China's monetary system and economic development.

    Hello, the creation and development of money in the Song Dynasty is as follows.

    The Song Dynasty was an important stage in the history of China's monetary development, and it was also one of the historical periods in which China's monetary system gradually moved from primitive disorder to gradual perfection. In the Song Dynasty, the emergence and development of money went through the process of short-handed combat, the initial appearance of the prototype, and the expansion of the scale of the Tong raid. In 960 AD, after the establishment of the Northern Song Dynasty, the monetary system began to gradually become standardized.

    At this time, the first currency is still dominated by copper coins, but due to the unclear and chaotic varieties and other problems, in order to solve these problems, the average loss method began to be implemented in the first year of Taizong Baoyuan, that is, the state unified minting and stipulating the weight and composition of various varieties of copper coins. Since then, copper coins have been further regulated and stabilized, and have been widely circulated throughout the country. With the development of social economy and the increase of high external poverty**, the Song Dynasty began to introduce a new type of currency.

    During this period, many foreign currencies such as gold, silver, and silk stamps appeared. The most important of these is paper money. In 1023 AD, the Northern Song Dynasty issued the banknote "Jiaozi" for the first time, and then there were banknotes such as "Fortune Ticket" and "Five Coins".

    These banknotes greatly facilitated transactions and became an extremely important part of the Song economy. In general, the transformation of the monetary system of the Song Dynasty from a copper coin economy to a diversified and complex monetary system marked the maturity and standardization of China's monetary system. At the same time, the emergence and development of the currency of the Song Dynasty also promoted the economic prosperity and development at that time, which is of great significance to the history of China's monetary system and economic development.

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