Well, excuse me for my ignorance: I suck at economical history. But it does seem to me that paper money didn't became of common use until the XIXth Century.Zmflavius said:Paper money was invented in the 11th century.
The answer to that questiuon really depends on your definition of money. I could easily see a near-universal medium of exchange inside the Han-dynasty Empire being government promissory notes, effectively paper money. To a degree even earlier, a kiond of credit money used almost as early as written accounting would be feasible. But as money, in all denominations and legal tender, that would need to wait for a theory of money and a state with the power and desire tro enforce it. I don't know enough about the Tang dynasty, but certainly Song. Of course they had it IOTL, so boo.
In Europe maybe, but IIRC the Song dynasty in China had widespread usage of paper currency at the time.Well, excuse me for my ignorance: I suck at economical history. But it does seem to me that paper money didn't became of common use until the XIXth Century.
Well, excuse me for my ignorance: I suck at economical history. But it does seem to me that paper money didn't became of common use until the XIXth Century.