Concept
Jiaozi (currency)
Related concepts (4)
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.
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 emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value.
Emperor Huizong of Song
Emperor Huizong of Song (7 June 1082 – 4 June 1135), personal name Zhao Ji, was the eighth emperor of the Song dynasty of China and the penultimate emperor of the Northern Song dynasty. He was also a very well-known calligrapher. Born as the 11th son of Emperor Shenzong, he ascended the throne in 1100 upon the death of his elder brother and predecessor, Emperor Zhezong, because Emperor Zhezong's only son died prematurely. He lived in luxury, sophistication and art in the first half of his life.
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.