The originally paper money was made in 1023, by the Song dynasty. Use of Paper Money throughout Khubilai Khan's Yuan Dynasty according to Marco Polo; Iron & Steel. By the 9th century, Chinese craftsmen had developed a way to mass produce books by carving words and pictures into wooden blocks, inking them, and then pressing paper onto the blocks. Where it all began They adjusted their issue to reach their destination Paper Paper money is an invention of the Song Dynasty in China in the 11th century CE, nearly 20 centuries after the earliest known use of metal coins. Popular AMA APA (6th edition) APA (7th edition) Chicago (17th edition, author-date) Harvard IEEE ISO 690 MHRA (3rd edition) MLA (8th edition) OSCOLA Turabian (9th edition) Vancouver. By signing up, you'll get thousands of step-by-step solutions to your homework questions. Each block consisted of an entire page of text and illustrations. How does this quote connect to paper money? What is comparison and contrast of miss phathupats and yeyeng. By: Abdul Hassan and Gianna Rivera Confucius Quote "When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps." During the Song Dynasty, the shortage of metal coins and the practical difficulties in using bronze coins led to the development of « paper money ». Answer to: Did the Song Dynasty invent paper money? The Song Dynasty was the first government in history to issue paper money, the first use of gunpowder, the first discernment of true north using a compass, as well as the first Chinese government to establish a permanent standing navy. The Song Dynasty’s economic revolution overrode their weak military, which is shown when the Song Dynasty defused violence with trade agreements. Technological Advances during the Song . ... that highlights many Song-dynasty inventions. Printing. From there paper money spread to Europe. During the Northern Song Dynasty, the economy was greatly imporved when there was a growth in population and trading. Cite This For Me. The development of paper money was the result of a larger historical process whereby the leaders of the Song Dynasty (AD 960-1279) had to devise new ways to compensate for the demand in metal currency that was the result of their expanding economy. Unanswered Questions. When the Mongol Empire united Asia in the 1200s AD, Kublai Khan spread the idea of paper money spread to the Islamic Empire. The Song Dynasty started to use paper money because there are very few silver mines in China, so it was hard to get silver. In 1271, Kublai Khan who was the first emperor of the Yuan dynasty.