Development of Money in Ancient China
Money development in Ancient China changed because they wanted to trade in an easier way. At first they used a system of coins that were silk and knives (Challen 13). When the first emperor of Qin ruled from about 221 to 210 B.C., the emperor made great changes to China to the invention of money (Deady 28). The money that Qin developed the coin had a hole in the middle. It had a hole in the middle because then they could put a string through the holes. They wanted the money to be smaller because it was easy to carry (Schomp 62). It was also easier to trade of long distances because it was so small. It was a big change for people because it was difficult to trade with animals and products over long distances. The Silk Road became so popular because they had coins to trade with (Minnis 28).
Five fundamental facts
1) In 2005 B.C. shells, knives, and silk were the forms of currency.
2) Beginning at Qin times there were small round copper coins known as cash
3)The bronze coins are used all over china
4)Every coin has a hole in the middle
5)An oxcart might sell 2000 cash. An Adult female slave could cost 20,000
Challen, Paul C. Life in Ancient China. New York: Crabtree, 2005. Print.
Deady, Kathleen W., and Muriel L. Dubois. Ancient China. Mankato: Capstone,
Minnis, Ivan. You Are in Ancient China. Chicago: Raintree, 2005. Print.
Schomp, Virginia. The Ancient Chinese. New York: Franklin Watts, 2004. Print.