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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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