Fate of Paper Money »
Posted by: GHOSTWHOWALKS 1 month, 3 weeks agoThe first well-known widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions.
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GHOSTWHOWALKS1 month, 3 weeks ago
FTA:
"In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill. By 1455, after over 600 years, the Chinese abandoned paper money due to numerous problems of over issuance and hyperinflation."
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GHOSTWHOWALKS
Raised in West by God Texas. Schooled by my mother and grandmother. Taught life's lessons by grandpa and my father. Attended public school (two ...
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