Changes

For much of the pre-modern period, the Chinese economy ran on a combination of [[silver]] and [[copper]] coins. Coins were minted in China since at least the 4th century BCE, and from the [[Han Dynasty]] onwards maintained a rather standard form, that of a circular coin with a square hole in the center. Paper money ("[[flying cash]]") was first developed and circulated in the 11th century or so.

For much of the pre-modern period, the Chinese economy ran on a combination of [[silver]] and [[copper]] coins. Coins were minted in China since at least the 4th century BCE, originally in a knife-like shape, acquiring a standard form of a circular coin with a square hole in the center from the [[Han Dynasty]] onwards. Paper money ("[[flying cash]]") was first developed and circulated in the 11th century or so.

Silver was used for large purchases, while copper was used for smaller purchases. The Chinese government minted massive numbers of coins, especially in the [[Song Dynasty]], in such large amounts that they came to be widely used throughout the region, and survive in great numbers today, going back even as far as the Han Dynasty.

Silver was used for large purchases, while copper was used for smaller purchases. The Chinese government minted massive numbers of coins, especially in the [[Song Dynasty]], in such large amounts that they came to be widely used throughout the region, and survive in great numbers today, going back even as far as the Han Dynasty.