Helping to grease the wheels of trade was the world's first paper money.

The basic unit of payment was copper coins strung on a string, but these were heavy and cumbersome for use in large-scale transactions. The Song solution was to print paper money — Marco Polo's report of this was met with incredulity in the West.

Left: A note of Song printed paper money
Right:
Printing plate and corresponding note
 
 
        
 
© 2004 Asia for Educators, Columbia University