Preview

Chinese Inventions

Good Essays
Open Document
Open Document
1104 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Chinese Inventions
I would like to continue with some other Chinese inventions, then introduce a small research and draw our conclusions.
Paper Money
It is so common in out everyday life that we hardly give a thought to the fackt that it had to be invented by someone.

Around 650 AD (po kr.), the emperor of China began to issue paper "value tokens" for general use. The first paper banknotes appeared in China about 806 AD. Its original name was 'flying money' because it was so light it could blow out of one's hand. As Marco Polo reported enthusiastically in 1275, "I tell you that people are glad to take these tokens, because wherever they go in the empire of the great Khan, they can use them to buy and sell as if they were pure gold".

Yet paper money did not succeed. By the 15th century China had more or less given up paper money. Over this period, paper notes grew in production to the point that their value rapidly depreciated and inflation soared. Then beginning in 1455, the use of paper money in China disappeared for several hundred years. This was still many years before paper currency would reappear in Europe, and three centuries before it was considered common.
Europeans had to wait until the 17th century when Sweden took the lead in issuing paper currency. Other countries gradually followed the Swedish example. (The first Western money was issued in Sweden in 1661. America followed in 1690, France in 1720, England in 1797, and Germany not until 1806.)
Medicine. Blood circulation
China, Second Century BC.
Most people believe blood circulation was discovered by William Harvey in 1628, it appears that he is wrongly credited for this discovery. There are other recorded notations dating back to the writings of an Arab of Damascus, in 13th century. However, circulation was first discussed in full and complex form in The Yellow Emperor's Manual of Corporeal Medicine in China by the second century BC.

This proves that Chinese medicine is also based on precise

You May Also Find These Documents Helpful

  • Good Essays

    The Tang invented what they called “Flying Cash” (called so because of it’s tendency to blow away), because it was much easier to travel long distances with. Flying Cash were simply paper certificates with different monetary values written on them that could be traded for solid money at the capitol. Due to fact that they were transferable, merchants on the Silk Roads exchanged Flying Cash like currency. Flying Cash was never meant to be official currency, so there was very little in circulation. Real government printed paper money was not used until the Song dynasty in 1023. The official paper money could be exchanged for the standard coins at any of the issuing banks. Large amounts of paper money was much easier for merchants to travel with in comparison to the bulky coins that were usually seen at the…

    • 1278 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Why did China need the silver? Because the paper currency had become worthless during the Ming dynasty, so a new one was needed to collect taxes. The long term effect was that the value of silver went down while gold, porcelain and silk rose. When this happen economies all over the world were forced to become more independent without relying on the Chinese for all their goods.…

    • 956 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Comma Splices

    • 505 Words
    • 3 Pages

    -6. The exact origin of paper money is unknown it has not survived as coins, shells, and other durable objects have.…

    • 505 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    China began experiencing inflation because of the Mongol’s carelessness with the paper notes established during the Tang and Song dynasties. They failed to keep sufficient bullions to back up the paper notes, spiking up prices exponentially due to diminished value. However, Russia prospered after…

    • 379 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Han Dynasty Inventions

    • 253 Words
    • 2 Pages

    There are several major Han dynasty inventions that have been famously credited to this period. These inventions have in one way or another shaped the way our world is lived in right now. The first and perhaps the most popular is the invention of the paper making process during the Han dynasty. Although historians claim that the oldest piece of wrapping paper can be traced back to the Chinese during the 2nd BCE, the process of making paper was invented during the Han period. The eunuch Cai Lun was credited for this invention. His process used mulberry bark as the main ingredient.…

    • 253 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Massive debts had piled up from the Revolution and from starting a new country, so states were looking for a way to pay them off. They began printing their own currency, only to…

    • 453 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Silver DBQ

    • 897 Words
    • 4 Pages

    In China, increased trade to economically benefit from the return of silver was a strong belief, especially in the Ming dynasty. Although, many problems arose with displeased people, and the Ming dynasty soon decreed that all taxes and trade fees were to be paid in strictly silver. This became a huge hassle to pay the bill of even a simple dying of cloth, like in Hangzhou, which Xu Dunquiu Ming complained about in 1610 (Doc 5). Scarcity of silver soon took its toll in the 1570s and began to harm the economy due to the debt acquired by those who could not pay their taxes and had to seek out the middlemen to find a supply of silver. Going through the middlemen did not only take longer before various individual’s taxes were paid but it also decreased the value of their produce (Doc 3). A man named Wang Xijue presented the problem to the emperor of the Ming dynasty in 1593, explaining that the cultivation of land was at risk due to the scarcity of the silver coin affecting the price of grain. In 1626, the emperor makes a ban on foreign trade, but it is soon frowned upon and taken into the matters of court official, He Qiaoyuan in 1630, who reports to the emperor that he believes the ban should be repealed. Qiaoyuan describes the extreme amount of silver that the Ming, a country with little interest in international…

    • 897 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Currency is defined as circulation as a medium of exchange, a common article for bartering, or paper money in circulation. Dating back to as early as 950 B.C., gift exchange was a glorified practice by the wealthy social class. Native Americans adopted a form of this barter system, which was modified by colonists into one of the earliest forms of banking in America. The most popular form of currency among Native Americans was small beads made from clam shells, called wampum. The word "wampum" comes from the Narragansett word for white shell beads. It was widely used for an informal money system, storytelling, a memory aid, and record keeping. Other uses included marriage ceremonies and in some cases, for religious purposes.…

    • 819 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Humans have long since abandoned relying solely on a barter economy for the alternative of currency. As early as the Mesopotamians and Ancient Egyptians, currency had been created from golden rings and bars in order to accumulate wealth and trading power. Similar concepts and ideas of currency developed independently around the globe in order for society to overcome economic needs. The economic values of European settlers in North America had a profound impact on the ways that the indigenous peoples of the area lived by created a currency from what was once a traditional decoration piece or gift (Kelechava, 2016).…

    • 601 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Silver Trade

    • 957 Words
    • 4 Pages

    First we see how the silver coin had an effect on China. Silver became Chinas number one import during the Ming dynasty. Ye Chunji, a county official said in an order issued to limit wedding expenses, “The Frugal man with only one bar of silver currency can have something left over, whereas the extravagant man with a thousand can still not have enough” (doc 1). He’s basically saying that when a poor man spends what he needs, but a rich man is never satisfied and always wants more. This is a good premise for how the Chinese valued silver. They always wanted more. They eventually only accepted silver in exchange for goods. Wang Xijue, another Ming dynasty court official reported that, “The national government requires silver for taxes but disburses little silver in its expenditures” (doc 3). This caused prices of goods to fall, even if they were in short supply. The court official probably reported this because he needed the support of his home district, and because this was hurting the Chinese economy, which meant less money for him. As the price of goods fall, such as grain, tillers receive lower returns on their labor, and less land is put into cultivation. They are now not using as much of their own internal resources as they could be which can be detrimental to their economy. We see that this may not have been such as smart move. It only got worse. A Ming dynasty writer, Xu Dunqiu, wrote that,…

    • 957 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Currency had its beginnings around the end of the third century B.C., with the start of production of gold coins. Later silver and bronze joined the coin system, replacing the long standing barter system that was used before. This barter system had been used for centuries with cattle being the main means of trade. Pecunia, the Roman word for money being derived from the Roman word pecus meaning cattle. Later as more and more money was being made markings and engravings were added to the coins to raise and lower their value. Now, almost all means of currency can be traced back to these roots; paper money, copper, and other cheaper metals eventually replacing the traditional gold, silver, and bronze.…

    • 639 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    AUD

    • 991 Words
    • 17 Pages

    In 1825, the government imposed the Sterling standard and British coins began to be minted in Australia. These silver and bronze coins continued to be used until 1910, when a new national currency, the Australian Pound, was introduced. The Australian Pound was fixed in value to the Pound Sterling and, as a result, used a gold standard. Three years later, the first series of Australian notes were issued. In February of 1966, the Australian Dollar (AUD) was introduced under a decimalized system; dollars and cents replacing the pounds, shillings, and pence. In 1988, banknotes were…

    • 991 Words
    • 17 Pages
    Satisfactory Essays
  • Good Essays

    One of the most recent medicines discovered is a mix of plant compounds said to kill cancer cells. It’s used in the form of injection, called Compound kushen injection, and is able to treat varied kinds of tumors caused by cancer. It was derived from an ancient Chinese medical practice. China has also had a breakthrough regarding teleportation. Scientists in China, along with some from Canada, got photons, or light, to teleport across the cities of Hefei and Calgary. This is called Quantum teleportation.…

    • 612 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Paper money was seen as a great way to keep money inside the colonies, and eventually country, and different forms were tried out until in the 19th century banks began to issue banknotes, and this form of currency…

    • 392 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    value of ringgit malaysia

    • 408 Words
    • 2 Pages

    were used as a medium of exchange in the country as it had been ruled by numerous rulers that had their own currencies.…

    • 408 Words
    • 2 Pages
    Satisfactory Essays

Related Topics