The Rise and Fall of Chinese Paper Money (HOM 7-C)

History of Money, Lecture 7, Pt. C: overview of the world's first government-issued paper money, as first appeared in China during the Song Dynasty, Yuan Dynasty, and then Ming Dynasty, before hyperinflation destroyed the fiat currency.
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University.
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