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Story of 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
 
The Chinese issued the world’s first paper money
 
America’s first paper money was redeemable in English shillings
 
This Swedish paper note replaced copper plate money