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Jiaozi (currency)
Jiaozi () was a form of promissory note which appeared around the 11th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history, a development of the Chinese Song Dynasty (960–1279 CE). Early Jiaozi notes did not have standard denominations but were denominated according to the needs of the purchaser and ranged from 500 '' wén'' to 5 '' guàn''. The government office that issued these notes or the Jiaozi wu () demanded a payment or exchange fee () of 30 wén per guàn exchanged from coins to banknote. The Jiaozi were usually issued biannually. In the region of Liang-Huai () these banknotes were referred to as Huaijiao (淮交) and were introduced in 1136 but their circulation stopped quickly after their introduction. Generally the lower the denominations of the Jiaozi the more popular they became, and as the government was initially unable to properly regulate their production, their existence eventually led to undesirably ...
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Emperor Guangzong Of Song
Emperor Guangzong of Song (30 September 1147 – 17 September 1200), personal name Zhao Dun, was the 12th emperor of the Song dynasty of China and the third emperor of the Southern Song dynasty. He was the third son of his predecessor, Emperor Xiaozong. His mother was Emperor Xiaozong's first wife, Lady Guo (郭氏; 1126–1156), who was posthumously honoured as "Empress Chengmu" (成穆皇后). His reign was relatively peaceful, but his lack of filial piety eventually made officials replace him with his son Emperor Ningzong. Early life During his childhood, Guangzong either suffered from bipolar or severe neurosis. Despite this, Guangzong was reportedly filial to his father albeit his father kept on delaying the succession. In 1194, was promoted from the ruler of a Zhou to Fu. Emperor Xiaozong abdicated in favor of Emperor Guangzong in 1194 which Emperor Guangzong later described his crowning as king and then Emperor Guangzong as a "double celebration" which gave the ci ...
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Medieval Currencies
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Roman ...
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History Of Sichuan
Sichuan (; zh, c=, labels=no, ; zh, p=Sìchuān; alternatively romanized as Szechuan or Szechwan; formerly also referred to as "West China" or "Western China" by Protestant missions) is a province in Southwest China occupying most of the Sichuan Basin and the easternmost part of the Tibetan Plateau between the Jinsha River on the west, the Daba Mountains in the north and the Yungui Plateau to the south. Sichuan's capital city is Chengdu. The population of Sichuan stands at 83 million. Sichuan neighbors Qinghai to the northwest, Gansu to the north, Shaanxi to the northeast, Chongqing to the east, Guizhou to the southeast, Yunnan to the south, and the Tibet Autonomous Region to the west. In antiquity, Sichuan was the home of the ancient states of Ba and Shu. Their conquest by Qin strengthened it and paved the way for Qin Shi Huang's unification of China under the Qin dynasty. During the Three Kingdoms era, Liu Bei's state of Shu was based in Sichuan. The area was dev ...
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Currencies Of China
The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period. Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 9th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan. Currently, the ''renminbi'' is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau. The special administrative regions of Hong Kong and Macau use the Hong Kong dollar and the Macanese pataca, respect ...
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Wang Jiafu
Wang Jiafu (; February 1931 – 13 July 2019) was a Chinese legal scholar. He served as Director of the Institute of Law, Chinese Academy of Social Sciences (CASS), and was elected an academician of the CASS. A leading authority on civil law in China, he was a member of the Legal Committee of the 8th National People's Congress and a member of the Standing Committee of the 9th National People's Congress. He played a major role in designing China's new legal system after the Cultural Revolution, and was awarded the "Pioneer of Reform" medal in 2018. Early life and education Wang was born in February 1931 in a mountainous village in Nanchong, Sichuan, Republic of China. He moved to Chongqing at age ten, where he completed his primary and secondary education. In August 1953, Wang graduated from China University of Political Science and Law in Beijing. He pursued graduate studies in the Soviet Union, and became a legal researcher at the Institute of Law, Chinese Academy of Social ...
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Mandarin Chinese
Mandarin (; ) is a group of Chinese (Sinitic) dialects that are natively spoken across most of northern and southwestern China. The group includes the Beijing dialect, the basis of the phonology of Standard Chinese, the official language of China. Because Mandarin originated in North China and most Mandarin dialects are found in the north, the group is sometimes referred to as Northern Chinese (). Many varieties of Mandarin, such as those of the Southwest (including Sichuanese) and the Lower Yangtze, are not mutually intelligible with the standard language (or are only partially intelligible). Nevertheless, Mandarin as a group is often placed first in lists of languages by number of native speakers (with nearly one billion). Mandarin is by far the largest of the seven or ten Chinese dialect groups; it is spoken by 70 percent of all Chinese speakers over a large geographical area that stretches from Yunnan in the southwest to Xinjiang in the northwest and Heilongji ...
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Economic History Of China
The economic history of China is covered in the following articles: * Economic history of China before 1912, the economic history of China during the ancient China and imperial China, before the establishment of the Republic of China in 1912. ** Economy of the Han dynasty (202 BC – AD 220) ** Economy of the Song dynasty (960–1279) ** Economy of the Ming dynasty (1368–1644) * Economic history of China (1912–1949), the economic history of the Republic of China during the period when it controlled Chinese mainland from 1912 to 1949.For the economic history of the Republic of China during the period when it only controls Taiwan area after 1949, see Economic history of Taiwan#Modern history. * Economic history of China (1949–present), the economic history of the People's Republic of China. See also *Economy of China The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorp ...
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Economy Of The Song Dynasty
The economy of the Song dynasty (960–1279) in China was the wealthiest economy in the world during its time. The dynasty moved away from the top-down command economy of the Tang dynasty (618-907) and made extensive use of market mechanisms as national income grew to be around three times that of 12th century Europe. The dynasty was beset by invasions and border pressure, lost control of North China in 1127, and fell in 1279. Yet the period saw the growth of cities, regional specialization, and a national market. There was sustained growth in population and per capita income, structural change in the economy, and increased technological innovation. Movable print, improved seeds for rice and other commercial crops, gunpowder, water-powered mechanical clocks, the use of coal as an industrial fuel, improved iron and steel production, more efficient canal locks, were only the most important technological innovations. Commerce in global markets increased significantly. Merchants inves ...
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Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational a ...
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an Emergence#Economics, emergent market phenomenon that possess intrinsic value as a Commodity money, commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can ...
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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 imp ...
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