The Story of Money: 07--Paper Money

Section 7: Paper money Previous Section | Main Menu | Next Section
Coins can be awkward to carry, trade, store, and protect. Paper money evolved as a convenient substitute to further facilitate trade.
Bearer receipts were an early form of paper money
bearer receipts as early paper money bearer receipts as early paper money
 
The Chinese issued the world’s first paper money
Chinese coin Chinese coin Chinese coin Chinese paper money is the world's first
Chinese coin Chinese coin Chinese coin
 
America's first paper money was redeemable in English shillings
English shilling English shilling English shilling America's first paper money
 
This Swedish paper note replaced copper plate money
Swedish paper note Swedish copper plate money