CHINA also Invented Paper, Fiat Currency! They ran the gamut of Precious Metals money, to PM Backed Paper, to FIAT (unbacked) to hyperinflation and back to real money, all before most of Europe was getting a good start.
Paper money was made by the Tang Dynasty in China in 740 B.C. They made the paper money as an offshoot of the invention of block printing. Block printing is like stamping. Some people used the process for quilts, but the government made ready use of it in printing money.
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