The Context podcast

Jiaozi: The World’s First Official Paper Money

15.4.2025
0:00
14:25
15 Sekunden vorwärts
15 Sekunden vorwärts

Just over 1,000 years ago, Sichuan in southwest China issued the world’s first officially backed paper money. Today, we’ll talk about what local conditions spurred this financial revolution, and how traders were able to cash in on the innovation.

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