Brief history of China's money - Stuff That I Find Interesting

The video explores the evolution of currency in China, starting from ancient times with cowry shells and knife currency, to the introduction of paper money by the Song Dynasty. It discusses the use of fiat currency under the Mongols and the influence of the Mexican peso during the Qing Dynasty. The video also covers the hyperinflation period post-war and the eventual introduction of the renminbi by the communists. Additionally, it touches on the economic impact of the opium trade and the role of silver from the New World.

What unique feature did the coins introduced by the Qin Dynasty have?

• They were made of gold.

• They had a square hole in the middle.

• They were shaped like animals.

• They were used only in trade with Europe.

Which dynasty was the first to introduce paper money in China?

• Qing Dynasty

• Ming Dynasty

• Tang Dynasty

• Song Dynasty

What was the main reason for the hyperinflation of the Yuan after the war?

• Excessive production of paper money

• Introduction of gold-backed currency

• Natural disasters

• Trade embargoes

What currency did the Qing Dynasty base the Yuan on?

• Japanese Yen

• Indian Rupee

• Mexican Peso

• British Pound

What was the exchange rate of the renminbi to the Yuan when it was introduced?

• 1 renminbi to 10,000 Yuan

• 1 renminbi to 500 Yuan

• 1 renminbi to 100,000 Yuan

• 1 renminbi to 1,000 Yuan