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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 ...
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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, inc ...
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Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is t ...
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Kublai Khan
Kublai ; Mongolian script: ; (23 September 1215 – 18 February 1294), also known by his temple name as the Emperor Shizu of Yuan and his regnal name Setsen Khan, was the founder of the Yuan dynasty of China and the fifth khagan-emperor of the Mongol Empire from 1260 to 1294, although after the division of the empire this was a nominal position. He proclaimed the empire's dynastic name "Great Yuan" in 1271, and ruled Yuan China until his death in 1294. Kublai was the second son of Tolui by his chief wife Sorghaghtani Beki, and a grandson of Genghis Khan. He was almost 12 when Genghis Khan died in 1227. He had succeeded his older brother Möngke as Khagan in 1260, but had to defeat his younger brother Ariq Böke in the Toluid Civil War lasting until 1264. This episode marked the beginning of the fragmentation of the empire. Kublai's real power was limited to the Yuan Empire, even though as Khagan he still had influence in the Ilkhanate and, to a significantly lesser deg ...
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History Of China
The earliest known written records of the history of China date from as early as 1250 BC, from the Shang dynasty (c. 1600–1046 BC), during the reign of king Wu Ding. Ancient historical texts such as the '' Book of Documents'' (early chapters, 11th century BC), the '' Bamboo Annals'' (c. 296 BC) and the ''Records of the Grand Historian'' (c. 91 BC) describe a Xia dynasty before the Shang, but no writing is known from the period, and Shang writings do not indicate the existence of the Xia. The Shang ruled in the Yellow River valley, which is commonly held to be the cradle of Chinese civilization. However, Neolithic civilizations originated at various cultural centers along both the Yellow River and Yangtze River. These Yellow River and Yangtze civilizations arose millennia before the Shang. With thousands of years of continuous history, China is among the world's oldest civilizations and is regarded as one of the cradles of civilization. The Zhou dynasty (1046–256 BC) ...
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Fiat Currency
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be convert ...
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Jin Dynasty Coinage (1115–1234)
The Jin dynasty was a Jurchen-led dynasty of China that ruled over northern China and Manchuria from 1115 until 1234. After the Jurchens defeated the Liao dynasty and the Northern Song dynasty, they would continue to use their coins for day to day usage in the conquered territories. In 1234, they were conquered by the Mongol Empire (which later evolved into the Yuan dynasty; further reading: Yuan dynasty coinage). History Although the Jin dynasty had started issuing paper Jiaochao () in 1154, they didn’t produce coins until the year 1158, prior to that coins from the preceding Liao and Song dynasties continued to circulate within Jurchen territory, as well as a continuing large inflow of coins produced by the Song, this was because the territory of the Jin didn't have enough copper to meet the demand. Jin era coins circulated alongside paper money and silver sycees, and were the main medium of exchange for the general population. In the beginning iron coins continued ...
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Yanjing
Ji or Jicheng was an ancient city in northern China, which has become the longest continuously inhabited section of modern Beijing. Historical mention of Ji dates to the founding of the Zhou dynasty in about 1045BC. Archaeological finds in southwestern Beijing where Ji was believed to be located date to the Spring and Autumn period (771–476BC). The city of Ji served as the capital of the ancient states of Ji and Yan until the unification of China by the Qin dynasty in 221BC. Thereafter, the city was a prefectural capital for Youzhou through the Han dynasty, Three Kingdoms, Western Jin dynasty, Sixteen Kingdoms, Northern Dynasties, and Sui dynasty. With the creation of a Jizhou during the Tang dynasty in what is now Tianjin Municipality, the city of Ji took on the name Youzhou. Youzhou was one of the Sixteen Prefectures ceded to the Khitans during the Five Dynasties. The city then became the southern capital of the Liao dynasty and then main capital of the Jin dy ...
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Möngke Khan
Möngke ( mn, ' / Мөнх '; ; 11 January 1209 – 11 August 1259) was the fourth khagan-emperor of the Mongol Empire, ruling from 1 July 1251, to 11 August 1259. He was the first Khagan from the Toluid line, and made significant reforms to improve the administration of the Empire during his reign. Under Möngke, the Mongols conquered Iraq and Syria as well as the kingdom of Dali (modern-day Yunnan). Appearance According to William of Rubruck, Möngke Khan was a man of medium height. Early life Möngke was born on 11 January 1209, as the eldest son of Genghis Khan's teenaged son Tolui and Sorghaghtani Beki. Teb Tengri Khokhcuu, a shaman, claimed to have seen in the stars a great future for the child and bestowed on him the name Möngke, "eternal" in the Mongolian language. His uncle Ögedei Khan's childless queen Angqui raised him at her orda (nomadic palace). Ögedei instructed Persian scholar Idi-dan Muhammed to teach writing to Möngke. On his way back home aft ...
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Scrip
A scrip (or ''chit'' in India) is any substitute for legal tender. It is often a form of credit. Scrips have been created and used for a variety of reasons, including exploitive payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip Company scrip was a credit against the accrued wages of e ...
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Yuan Dynasty Banknote With Its Printing Plate 1287
Yuan may refer to: Currency * Yuan (currency), the basic unit of currency in historic and contemporary mainland China and Taiwan **Renminbi, the current currency used in mainland China, whose basic unit is yuan ** New Taiwan dollar, the current currency used in Taiwan, whose basic unit is yuán in Mandarin ** Manchukuo yuan, the unit of currency that was used in the Japanese puppet state of Manchukuo Governmental organ * " Government branch" or "Court" (), the Chinese name for a kind of executive institution. Government of Taiwan * Control Yuan * Examination Yuan * Executive Yuan * Judicial Yuan * Legislative Yuan Government of Imperial China * Xuanzheng Yuan, or Bureau of Buddhist and Tibetan Affairs during the Yuan dynasty * Lifan Yuan during the Qing dynasty Dynasties * Yuan dynasty (元朝), a dynasty of China ruled by the Mongol Borjigin clan ** Northern Yuan dynasty (北元), the Yuan dynasty's successor state in northern China and the Mongolian Plateau People and langu ...
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Khanbaliq
Khanbaliq or Dadu of Yuan () was the winter capital of the Yuan dynasty of China in what is now Beijing, also the capital of the People's Republic of China today. It was located at the center of modern Beijing. The Secretariat directly administered the Central Region () of the Yuan Empire (comprising present-day Beijing, Hebei, Shandong, Shanxi, and parts of Henan and Inner Mongolia) and dictated policies for the other provinces. Kublai and his successors also claimed supremacy over the entire Mongol Empire following the death of Möngke (Kublai's brother and predecessor) in 1259. Over time the unified empire gradually fragmented into a number of khanates. Khanbaliq is the direct predecessor to modern Beijing. Several stations of Line 10 and Line 13 are named after the gates of Dadu. Name The name Khanbaliq comes from the Mongolian and Old Uyghur words ''khan'' and ''balik'' ("town", "permanent settlement"): "City of the Khan". It was actually in use among the Turks ...
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Güyük Khan
Güyük (also Güyug;; ''c''. March 19, 1206 – April 20, 1248) was the third Khagan-Emperor of the Mongol Empire, the eldest son of Ögedei Khan and a grandson of Genghis Khan. He reigned from 1246 to 1248. Appearance According to Giovanni da Pian del Carpine, Güyük was of "medium stature, very prudent and extremely shrewd, and serious and sedate in his manners." Early life Güyük received military training and served as an officer under his grandfather Genghis Khan and later his father Ögedei Khan (after the death of Genghis in 1227). He married Oghul Qaimish of the Merkit clan. In 1233, Güyük, along with his maternal cousin Alchidai and the Mongol general Tangghud, conquered the short-lived Dongxia Kingdom of Puxian Wannu, who was a rebellious Jin official, in a few months. After the death of Güyük's uncle Tolui, Ögedei proposed that Sorghaghtani, the widow of Tolui, marry his son Güyük. Sorghaghtani declined, saying that her prime responsibility was to ...
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