Paper+Money

Chinese Paper Money Why was paper money invented? Paper money was made in the Tang Dynasty when they had a shortage of copper coins.

When was paper money invented? Paper money was invented during the end of the eighth century or the beginning of the ninth century A.D. It started in the Tang Dynasty but not until the Song Dynasty it became a goverment policy.

What was paper money used for? Paper money is a type of currency. It was used to have less weight to carry for money. Instead of carrying around heavy copper coins they decided to use paper money.

How paper money worked back then... When someone owed someone money they would give them this sheet of paper and both signatures had to be on the slip. This sheet of paper could be traded in for coins or spent.

What is paper money used for today? A lot of people around the world use paper money today. Each type of paper money can be called a different name such as US Dollars, Euros, etc. It is used as a currency like before and is useful because of less weight instead of carrying around coins.