First Paper Money Used

By: Aya El-Husseini 6D

Who? Who made paper money

Paper money was first made in China by the government. It became a governmental policy. It was better than gold and iron coins because it was light and easier to

carry around. Names and seals were printed and written on paper money by the

government officials who issued it.

Where? Where was paper money used

At first, paper money was used in China. Later, it became known to the world

when a trader, Marco Polo, went to China and saw that they were using paper money. Paper money didn’t become

popular in Europe for another 400 years.

What? What was paper money

When? When was paper money issued?

Somewhere around 650 AD, the emperor of China began to issue ‘value tokens’ for general use. During the Song Dynasty,

paper money was used mainly in China at first, but after Marco Polo saw paper

money it spread further.

Why? Why was paper money created

Bibliography (MLA)

"Paper Money." Silk-road. 1997. Web. 13 Oct. 2010. <http://www.silk-road.com/artl/papermoney.shtml>.

Alex. "Paper Money." Human Body Kids Math Web at Thinquest.org. Web. 12 Oct. 2010. http://library.thinquest.org/03oct/00921/papermoney.htm.

Richardson, Adele. Money. Mankato, MN: Creative Education, 2000. Print.

Macht, Norman L. Money and Banking. Philadelphia, PA: Chelsea House, 2001. Print.

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