Wednesday, June 01, 2005

The origins of paper money

This was a cute webclip that showed up in my gmail.

China developed paper money in 806 AD but abandoned it by 1455.
China had a very interesting history they developed a number of powerful inventions but later abandoned them.

They had a movable type printing press with clay type used it for several centuries and then abandoned the technology. China developed steel and gunpowder and paper and many other great inventions. These inventions could have easily propelled them into superpower status but they didn't.

I don't know why and it is a bothersome question I would like to look into but not right now, I've got some hot stuff in the fire that needs my attention for the next little while.

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