The Secret History of Money: How Paper money Changed the World Forever!

Описание: Imagine hauling heavy sacks of copper coins just to buy daily supplies—this was the exhausting reality of life in ancient China before a revolutionary idea changed history.

In this video, we explore the incredible origin of currency, starting in Sichuan, where merchants began trading handwritten promissory notes instead of bulky metal. These "IOUs" were lighter, faster, and eventually became so popular that they evolved into the Jiaozi—the world's first official paper money—during the Northern Song Dynasty in the early 11th century.

What you’ll learn in this video:
• The Struggle of Copper: Why the weight of ancient coins forced a financial evolution.
• The Birth of the Jiaozi: How the Chinese government regulated the first paper currency by stamping notes and fighting counterfeits to maintain trust.
• A Global Revolution: How this invention caused trade to explode and set the stage for modern global finance centuries before it reached Europe.
This simple sheet of paper didn't just change China; it flipped the script on how the entire world does business.

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