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Da-Ming Baochao
The Da Ming Baochao () was a series of banknotes issued during the Ming dynasty in China. They were first issued in 1375 under the Hongwu Emperor. Although initially the Da Ming Baochao paper money was successful, the fact that it was a fiat currency and that the government largely stopped accepting these notes caused the people to lose faith in them as a valid currency causing the price of silver relative to paper money to increase. The negative experiences with inflation that the Ming dynasty had witnessed signaled the Manchu people, Manchus to not repeat this mistake until the first Chinese banknotes after almost 400 years were issued again in response to the Taiping Rebellion under the Qing dynasty's Xianfeng Emperor during the mid-19th century. Background The precursor of paper money (紙幣) known as "Flying cash" were issued by the Tang dynasty, however these bills of exchange could in no way be considered to be a form of paper money as they weren’t meant to be a medium ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Guàn (1000 Wén) - Treasury Of The Ming Dynasty (1368-1399) 01
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit (measurement), unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest Positive number, positive integer. It is also sometimes considered the first of the sequence (mathematics), infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Promissory Note
A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the ''maker'' or ''issuer'') promises in writing to pay a determinate sum of money to the other (the ''payee''), either at a fixed or determinable future time or on demand of the payee, under specific terms and conditions. Overview The terms of a note usually include the principal amount, the interest rate if any, the parties, the date, the terms of repayment (which could include interest) and the maturity date. Sometimes, provisions are included concerning the payee's rights in the event of a default, which may include foreclosure of the maker's assets. In foreclosures and contract breaches, promissory notes under CPLR 5001 allow creditors to recover prejudgement interest from the date interest is due until liability is established. For loans between individuals, writing and signing a promissory note are often ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuan Dynasty
The Yuan dynasty (), officially the Great Yuan (; xng, , , literally "Great Yuan State"), was a Mongol-led imperial dynasty of China and a successor state to the Mongol Empire after its division. It was established by Kublai, the fifth khagan-emperor of the Mongol Empire from the Borjigin clan, and lasted from 1271 to 1368. In orthodox Chinese historiography, the Yuan dynasty followed the Song dynasty and preceded the Ming dynasty. Although Genghis Khan had been enthroned with the Han-style title of Emperor in 1206 and the Mongol Empire had ruled territories including modern-day northern China for decades, it was not until 1271 that Kublai Khan officially proclaimed the dynasty in the traditional Han style, and the conquest was not complete until 1279 when the Southern Song dynasty was defeated in the Battle of Yamen. His realm was, by this point, isolated from the other Mongol-led khanates and controlled most of modern-day China and its surrounding areas, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongol People
The Mongols ( mn, Монголчууд, , , ; ; russian: Монголы) are an East Asian ethnic group native to Mongolia, Inner Mongolia in China and the Buryatia Republic of the Russian Federation. The Mongols are the principal member of the large family of Mongolic peoples. The Oirats in Western Mongolia as well as the Buryats and Kalmyks of Russia are classified either as distinct ethno-linguistic groups or subgroups of Mongols. The Mongols are bound together by a common heritage and ethnic identity. Their indigenous dialects are collectively known as the Mongolian language. The ancestors of the modern-day Mongols are referred to as Proto-Mongols. Definition Broadly defined, the term includes the Mongols proper (also known as the Khalkha Mongols), Buryats, Oirats, the Kalmyk people and the Southern Mongols. The latter comprises the Abaga Mongols, Abaganar, Aohans, Baarins, Chahars, Eastern Dorbets, Gorlos Mongols, Jalaids, Jaruud, Kharchins, Khishigten, Khorchi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jiaochao
Jiaochao () is a Chinese word for banknote first used for the currency of the Jurchen-led Jin dynasty and later by the Mongol-led Yuan dynasty of China. Jin dynasty The Jurchens swept control over northern China, conquering the Liao dynasty and half of the Song dynasty by 1142. Initially they did not have a unique currency of their own but reused the coinage of the Liao or Southern Song dynasty coinage. In 1154, Wanyan Liang issued the Jiaochao banknotes three years before minting their own distinct coinage, a sequence in Chinese history that has never happened before or since. Jiaochao came in ten denominations. Small bills came in 100, 200, 300, 500, and 700 '' wén'' while large bills were in 1, 2, 3, 5, and 10 ''guàn''. Like previous Chinese notes, there was a fee for redeeming them for copper coins: 15 ''wén'' per ''guàn''. Jiaochao initially had an expiration period of seven years upon issue but in 1189 this was abolished, giving notes an indefinite lifespan. Like ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jin Dynasty (1115–1234)
The Jin dynasty (, ; ) or Jin State (; Jurchen: Anchun Gurun), officially known as the Great Jin (), was an imperial dynasty of China that existed between 1115 and 1234. Its name is sometimes written as Kin, Jurchen Jin, Jinn, or Chin in English to differentiate it from an earlier Jìn dynasty whose name is rendered identically in Hanyu Pinyin without the tone marking. It is also sometimes called the "Jurchen dynasty" or the "Jurchen Jin", because members of the ruling Wanyan clan were of Jurchen descent. The Jin emerged from Wanyan Aguda's rebellion against the Liao dynasty (916–1125), which held sway over northern China until the nascent Jin drove the Liao to the Western Regions, where they became known in historiography as the Western Liao. After vanquishing the Liao, the Jin launched a century-long campaign against the Han-led Song dynasty (960–1279), which was based in southern China. Over the course of their rule, the ethnic Jurchen emperors of the Jin dynas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongol Empire
The Mongol Empire of the 13th and 14th centuries was the largest contiguous land empire in history. Originating in present-day Mongolia in East Asia, the Mongol Empire at its height stretched from the Sea of Japan to parts of Eastern Europe, extending northward into parts of the Arctic; eastward and southward into parts of the Indian subcontinent, attempted invasions of Southeast Asia and conquered the Iranian Plateau; and westward as far as the Levant and the Carpathian Mountains. The Mongol Empire emerged from the unification of several nomadic tribes in the Mongol homeland under the leadership of Temüjin, known by the more famous title of Genghis Khan (–1227), whom a council proclaimed as the ruler of all Mongols in 1206. The empire grew rapidly under his rule and that of his descendants, who sent out invading armies in every direction. The vast transcontinental empire connected the East with the West, and the Pacific to the Mediterranean, in an enforced ''Pax Mongol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guanzi (currency)
The guanzi (), was a Song dynasty era form of paper money that served as promissory notes that could be traded for goods and services where the seller that received these notes could go to an issuing agency and redeem the note for strings of coins at a small exchange fee. They were originally introduced as a form of payment to the military at which time the notes were known as ''jianqian guanzi'' (見錢關子), and circulated alongside the contemporary jiaozi and huizi notes. After 1190 the records stop mentioning guanzi notes until 1264, an indication that jiaozi and huizi notes had superseded the guanzi in importance. From 1264 new guanzi notes were introduced such as the copper backed ''tongqian guanzi'' (銅錢關子), the silver backed ''yinguan'' (銀關), and the gold backed ''jinyin jianqian guanzi'' (金銀見錢關子), which were all introduced to combat the inflationary policy that had plagued the Huizi. The exchange rate between guanzi banknotes and copper cash coin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Huizi (currency)
The Huizi (), issued in the year 1160, was the official banknote of the Chinese Southern Song dynasty. It has the highest amount of issuance among various banknote types during the Song dynasty. Huizi notes came on three-colour printed paper and their usage was heavily promoted by the government of the Southern Song dynasty, the Huizi were backed by 280,000 '' guàn'' of copper cash coins. History The Huizi was originally introduced in the region of Liangzhe (兩浙) around what is present-day Zhejiang, and after 1160 Huizi notes were issued by the Ministry of Revenue (戶部) and their circulation was overseen by the Paper Notes Office (會子務). The earliest mentions of Huizi banknotes can be traced back to Shaanxi in 1075. In Hangzhou and the areas around it ''bianqian huizi'' (便錢會子) or "comfortable money" had become a common form of exchange during the beginning of the Southern Song dynasty. Besides the Jiaozi, Qianyin, and Guanzi the Huizi had become the most im ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash (Chinese Coin)
The cash or qian was a type of coin of China and East Asia, used from the 4th century BC until the 20th century AD, characterised by their round outer shape and a square center hole (方穿, ''fāng chuān''). Originally cast during the Warring States period, these coins continued to be used for the entirety of Imperial China. The last Chinese cash coins were cast in the first year of the Republic of China. Generally most cash coins were made from copper or bronze alloys, with iron, lead, and zinc coins occasionally used less often throughout Chinese history. Rare silver and gold cash coins were also produced. During most of their production, cash coins were cast, but during the late Qing dynasty, machine-struck cash coins began to be made. As the cash coins produced over Chinese history were similar, thousand year old cash coins produced during the Northern Song dynasty continued to circulate as valid currency well into the early twentieth century. In the modern era, these coin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
