The inconvenient coins were being replaced with paper bills that didn’t have as much legitimate value as the coins however, they technically were worth more than the coins. At first, the bills were used more as receipts that merchants would use instead of the tedious task of exchanging all of those coins. The people of the Tang dynasty realized that they could make their business’ more efficient by leaving the old ways of the gold and silver coins. Most coins were composed of gold and silver. The silver in the coins would cause them to rot and decay, whereas the paper money lasted for a lot longer and you wouldn’t have to worry about the value going down due to decay and problems that were not in your control. Paper money is just the first example of human innovations and intellectual advances in world history. The steel plow is another example of humans noticing problems in their communities that needed a
The inconvenient coins were being replaced with paper bills that didn’t have as much legitimate value as the coins however, they technically were worth more than the coins. At first, the bills were used more as receipts that merchants would use instead of the tedious task of exchanging all of those coins. The people of the Tang dynasty realized that they could make their business’ more efficient by leaving the old ways of the gold and silver coins. Most coins were composed of gold and silver. The silver in the coins would cause them to rot and decay, whereas the paper money lasted for a lot longer and you wouldn’t have to worry about the value going down due to decay and problems that were not in your control. Paper money is just the first example of human innovations and intellectual advances in world history. The steel plow is another example of humans noticing problems in their communities that needed a