(History of Currency Development in China)

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China is one of the earliest countries to use money in the world, with a history of 5,000 years. In the process of its formation and development, China ancient currency experienced five extremely significant changes: from natural currency to artificial currency, from disordered form to unified form, from local currency to central currency, from document weight to Bao Tong and ingots, and from metal currency to paper money. From the Spring and Autumn Period to the Warring States Period, China established four currency systems: cloth currency, knife currency, ant nose currency and ring currency. Later, after Qin, Tang, Han, Wei, Jin, Southern and Northern Dynasties, until 1948 12 1, the People's Bank of China was established and issued the first set of RMB. ? [ 1]?

Chinese name

History of Chinese currency

history

Five thousand years.

consistent

Five great evolutions

catalogue

1? Major evolution

Circular square hole

Chinese dumpling

2? Monetary system

Three-hole cloth coin

knife-shaped coin

Ring coin

Ant nose money

3? Qin and Han currency

Hanbi

Xin Mang monetary system

4? Five baht in six dynasties

5? Sui and Tang dynasties currency

Sui five baht

Don

Gan Yuan Bao Zhong

6? Currency in Song and Yuan Dynasties

Annual money

Royal book currency

banknote

7? Ming and Qing currency

Ming "silver"

Qing dynasty currency

8? Renminbi (RMB)

first episode

Second set

Episode 3

The fourth episode

Episode 5

9? commemorative coin

10? Chronology of major events

Major evolution

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Circular square hole

1, the evolution from natural currency to artificial currency.

Shellfish was the earliest currency in China, and it was used in Shang Dynasty. In China's Chinese characters, most of the words related to value come from "Bei". With the delivery of the goods

History of Chinese currency

With the development of exchange, the demand for money is increasing, and shells can no longer meet people's needs. In Shang Dynasty, people began to imitate seashells with copper. The appearance of copper coins is a major evolution from natural currency to artificial currency in the ancient currency history of China. With the extensive use of artificial coins, seashells, a natural currency, gradually withdrew from the currency stage in China.

2. Evolution from messy shape to unified shape.

From the appearance of copper coins in Shang Dynasty to the Warring States Period, there were many forms of China currency. During the Warring States period, not only countries made their own money, but all regions of a vassal state also made their own money. It is famous for Zhao's shovel coins, Qi's knife coins, Qin's round hole coins and Chu's ant nose coins. After Qin unified China, Qin Shihuang promulgated the earliest monetary law in China in 2 10 BC, "taking Qin coins as the world's currency", which stipulated that the whole country should use Qin's square and semi-written language. The unification of currency ended the chaotic state of China's ancient currency with different forms and different weights, which was a major evolution from chaotic form to normative form in the ancient history of China's currency. The shape of this circular square hole determined by Qin Banliang Qian continued until the early Republic of China. ? [2]?

3. Evolution from local currency to central currency.

At the beginning of Han Dynasty, counties were allowed to cast money freely. According to the Records of Hanshu Foodstuffs, Wendi "made people make money besides stealing", so "stealing is like a cloud". This not only caused currency confusion, but also made dajia, a wealthy businessman, manipulate the right to coin money, making him richer than the emperor. In 65438 BC+065438 BC+03 BC, Emperor Wu of the Han Dynasty recovered the right to coin coins in counties and counties, and the central government unified the casting of five baht, which became the only legal tender at that time. From then on, it was decided that the central government would manage the casting and distribution of coins in a unified way, which was a major evolution from local coinage to central coinage in the ancient currency history of China. ? [ 1]?

Chinese dumpling

4. The evolution from literature weight to Bao Tong and Yuanbao.

Coins minted since the Qin and Han Dynasties usually clearly indicate the weight of Qian Wen currency, such as "half a tael" and "five baht" (24 baht is one tael). In the fourth year of Wude in Tang Gaozu (62 1), Li Yuan decided to reform the currency system, abolish ancient coins with different weights, take the meaning of "creating the world" and uniformly cast "Kaiyuan Bao Tong" money. "Kaiyuan Bao Tong" is a change of the old system in Qin and Han Dynasties, and Qian Wen didn't pay attention to weight, which is the evolution of the ancient currency in China from the weight of certificates to Bao Tong and Yuanbao. "Kaiyuan Bao Tong" coin is the earliest Bao Tong coin in China. From then on, copper coins were no longer called by Qian Wen, but by Bao Tong and Yuanbao. It has been used until "Bao Tong of the Republic of China" after the Revolution of 1911.

5. Evolution from metal money to paper money.

During the Northern Song Dynasty, with the development of exchange, currency circulation increased. When Emperor Taizong of the Northern Song Dynasty was in power, he minted 800,000 coins every year, and then gradually increased. Due to the shortage of copper materials for casting coins, the government has cast a large number of iron coins in some areas to make up for the shortage of copper coins. According to "History of Song Dynasty", the total amount of cast iron money in Sichuan at that time weighed 25 Jin 82 Liang. The appearance of "Jiaozi" is an important evolution from metal currency to paper money in the history of ancient currency. ? [3]?