Ancient Chinese Currency
Introduction
Surprisingly, the unit of shell coins is the Chinese word peng which means friend. Ancient China’s currency has been transforming since 1675 BC. They weren’t only the first to discover paper but research proves to believe that they were also the first to establish the first form of paper money. The way they have created and come up with their currency has changed miraculously. Over time, Ancient China’s currency has had many transformations and the representation of their currency has had differences to improve their economy.
The Transformation Ancient China’s money system hasn’t stopped making changes since 1675 BC. The transformation would usually be completed when they would experience a lack of …show more content…
Whether or not they were the first to make the type of currency, they still used on it. The items consisted on their first line of paper money were houses, trees, ,men, and cipher on it. Cipher is a secret writing or message. They had the items on it because it seems that they believe men were important and they might have thought the items consisted on it were symbolizations of them. Evidently stated in, “Chinese Ancient Currency”, “This paper currency was a piece of paper printed with houses, trees, men, and cipher.”(3). One might notice that it says, “printed paper” when their first paper currency came up around 1023 AD whereas the printer wasn’t even invented until 1938 AD. Many may wander, but there is still no accurate process to how they got everything on it but it was proven to be sealed on in some way. Since they had such a high demand on currency and trade they would have several pinces come up with the representation as quickly as they could. It seems to be that they put a lot of people to the task just quickly. Sixteen princes came together in Chengdu, Sichuan Province to create the first form of paper currency in 1023 AD (Chinese Ancient Currency 3). The princes called it Jiao Zi. It is possible they came up with the first ever piece of paper in the Tang Dynasty. Once they experienced a lack of the materials they needed for their coins Ancient China came up with the idea of …show more content…
They used to have multiple princes come together and come up with the representations the current King would approve of. Back in 1023 AD the first paper currency for china was underway. One may think they stuck to this process for quite some time, but they possibly could have exchanged their method more than just once. Explicitly stated in the text, “...merchants need a kind of currency with convenience on carrying with, hence the paper money turned up. It was first issued in 1023 together by 16 merchant princes…”(Chinese Ancient Currency 3). Nowadays, possibly China “cheated” with their new forms of paper currency. Americans claim China as a currency manipulator. A manipulator is someone who uses other people, or countries, in a selfish way. So, basically America thinks that China’s currency is selfish to America’s. All of a sudden China devalued (decreased) the value of the yuan. The yuan is one of the most well-known currency. They decreased it by two percent against U.S. dollars. Apparently America thinks they’ve been “cheating for awhile. Even Donald Trump had a say in the way they have been coming up with their currency. It is easy to say that the way are making there money now is very manipulative to many people. China is represented as a currency manipulator to America (Is China cheating? 1). The way they create their currency now is way different than the
Introduction
Surprisingly, the unit of shell coins is the Chinese word peng which means friend. Ancient China’s currency has been transforming since 1675 BC. They weren’t only the first to discover paper but research proves to believe that they were also the first to establish the first form of paper money. The way they have created and come up with their currency has changed miraculously. Over time, Ancient China’s currency has had many transformations and the representation of their currency has had differences to improve their economy.
The Transformation Ancient China’s money system hasn’t stopped making changes since 1675 BC. The transformation would usually be completed when they would experience a lack of …show more content…
Whether or not they were the first to make the type of currency, they still used on it. The items consisted on their first line of paper money were houses, trees, ,men, and cipher on it. Cipher is a secret writing or message. They had the items on it because it seems that they believe men were important and they might have thought the items consisted on it were symbolizations of them. Evidently stated in, “Chinese Ancient Currency”, “This paper currency was a piece of paper printed with houses, trees, men, and cipher.”(3). One might notice that it says, “printed paper” when their first paper currency came up around 1023 AD whereas the printer wasn’t even invented until 1938 AD. Many may wander, but there is still no accurate process to how they got everything on it but it was proven to be sealed on in some way. Since they had such a high demand on currency and trade they would have several pinces come up with the representation as quickly as they could. It seems to be that they put a lot of people to the task just quickly. Sixteen princes came together in Chengdu, Sichuan Province to create the first form of paper currency in 1023 AD (Chinese Ancient Currency 3). The princes called it Jiao Zi. It is possible they came up with the first ever piece of paper in the Tang Dynasty. Once they experienced a lack of the materials they needed for their coins Ancient China came up with the idea of …show more content…
They used to have multiple princes come together and come up with the representations the current King would approve of. Back in 1023 AD the first paper currency for china was underway. One may think they stuck to this process for quite some time, but they possibly could have exchanged their method more than just once. Explicitly stated in the text, “...merchants need a kind of currency with convenience on carrying with, hence the paper money turned up. It was first issued in 1023 together by 16 merchant princes…”(Chinese Ancient Currency 3). Nowadays, possibly China “cheated” with their new forms of paper currency. Americans claim China as a currency manipulator. A manipulator is someone who uses other people, or countries, in a selfish way. So, basically America thinks that China’s currency is selfish to America’s. All of a sudden China devalued (decreased) the value of the yuan. The yuan is one of the most well-known currency. They decreased it by two percent against U.S. dollars. Apparently America thinks they’ve been “cheating for awhile. Even Donald Trump had a say in the way they have been coming up with their currency. It is easy to say that the way are making there money now is very manipulative to many people. China is represented as a currency manipulator to America (Is China cheating? 1). The way they create their currency now is way different than the