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159-569: During the Song dynasty , the area of present-day Liaocheng included the prefectures of Bo and Ji . In 2007, the city is named China's top ten livable cities by Chinese Cities Brand Value Report, which was released at 2007 Beijing Summit of China Cities Forum. The prefecture-level city of Liaocheng administers eight county-level divisions , including two districts , one county-level city , and five counties . These are further divided into 134 township-level divisions . In August 1949, Liaocheng

318-405: 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

477-411: A creditor on a schedule with a maturity date specified in written contractual terms . Law 122 stipulated that a depositor of gold , silver , or other chattel/movable property for safekeeping must present all articles and a signed contract of bailment to a notary before depositing the articles with a banker , and Law 123 stipulated that a banker was discharged of any liability from

636-411: A bureaucratic system that favored the land-holding class able to afford the best education. One of the greatest literary critics of this was the official and famous poet Su Shi . Yet Su was a product of his times, as the identity, habits, and attitudes of the scholar-official had become less aristocratic and more bureaucratic with the transition of the periods from Tang to Song. At the beginning of

795-465: A central bank in 1791 and 1816 , but it was only in 1862 that the federal government of the United States , began to print banknotes. Originally, the banknote was simply a promise to the bearer that they could redeem it for its value in specie, but in 1833, the second in a series of Bank Charter Acts established that banknotes would be considered as legal tender during peacetime. Until

954-454: A central bank was in 1661 by Stockholms Banco , a predecessor of Sweden's central bank, Sveriges Riksbank . Napoleon issued paper banknotes in the early 1800s. Cash paper money originated as receipts for value held on account "value received", and should not be conflated with promissory "sight bills," which were issued with a promise to convert at a later date. The perception of banknotes as money has evolved over time. Originally, money

1113-437: A compelling issue. In the 18th century, banknotes were produced mainly by copper-plate engraving and printing , and they were single-sided. Note-making technologies remained largely unchanged during the 18th century. The first banknotes were produced by intaglio printing : this involved engraving a copper plate by hand and then covering it in ink to print the bank notes. Only with this technique, at that time, could one force

1272-439: A contract of bailment if the notary denied the existence of the contract. Law 124 stipulated that a depositor with a notarized contract of bailment was entitled to redeem the entire value of their deposit, and Law 125 stipulated that a banker was liable for replacement of deposits stolen while in their possession . Carthage was purported to have issued bank notes on parchment or leather before 146 BC. Hence Carthage may be

1431-436: A departure from the earlier Tang dynasty (618–907), when the government strictly regulated commercial markets and local affairs; now the government withdrew heavily from regulating commerce and relied upon a mass of local gentry to perform necessary duties in their communities. The gentry distinguished themselves in society through their intellectual and antiquarian pursuits, while the homes of prominent landholders attracted

1590-438: A gold- or silver-backed national paper currency standard, which changed the geographic restriction. The range of varying values for these banknotes was perhaps from one string of cash to one hundred at the most. Ever after 1107, the government printed money in no less than six ink colors and printed notes with intricate designs and sometimes even with mixture of a unique fiber in the paper to combat counterfeiting. The founder of

1749-708: A great effect on people's lives, beliefs, and daily activities, and Chinese literature on spirituality was popular. The major deities of Daoism and Buddhism , ancestral spirits , and the many deities of Chinese folk religion were worshipped with sacrificial offerings. Tansen Sen asserts that more Buddhist monks from India traveled to China during the Song than in the previous Tang dynasty (618–907). With many ethnic foreigners travelling to China to conduct trade or live permanently, there came many foreign religions; religious minorities in China included Middle Eastern Muslims ,

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1908-412: A high level of suspicion by the judge. Due to costly court expenses and immediate jailing of those accused of criminal offenses, people in the Song preferred to settle disputes and quarrels privately, without the court's interference. Shen Kuo's Dream Pool Essays argued against traditional Chinese beliefs in anatomy (such as his argument for two throat valves instead of three); this perhaps spurred

2067-521: A larger role in local administration and affairs. Song society was vibrant, and cities had lively entertainment quarters. Citizens gathered to view and trade artwork, and intermingled at festivals and in private clubs. The spread of literature and knowledge was enhanced by the rapid expansion of woodblock printing and the 11th-century invention of movable type printing. Philosophers such as Cheng Yi and Zhu Xi reinvigorated Confucianism with new commentary, infused with Buddhist ideals, and emphasized

2226-673: A literary flourishing in the Song period, which saw the publication of several major classical koan collections which remain influential in Zen philosophy and practice to the present day. A true revival of Buddhism in Chinese society would not occur until the Mongol rule of the Yuan dynasty, with Kublai Khan's sponsorship of Tibetan Buddhism and Drogön Chögyal Phagpa as the leading lama . The Christian sect of Nestorianism , which had entered China in

2385-461: A lower social tier than men according to Confucian ethics, they enjoyed many social and legal privileges and wielded considerable power at home and in their own small businesses. As Song society became more and more prosperous and parents on the bride's side of the family provided larger dowries for her marriage, women naturally gained many new legal rights in ownership of property. Under certain circumstances, an unmarried daughter without brothers, or

2544-503: A million a century later. This economic power also heavily influenced foreign economies abroad. In 1120 alone, the Song government collected 18,000,000 ounces (510,000 kg) of silver in taxes. The Moroccan geographer al-Idrisi wrote in 1154 of the prowess of Chinese merchant ships in the Indian Ocean and of their annual voyages that brought iron, swords, silk, velvet, porcelain, and various textiles to places such as Aden ( Yemen ),

2703-600: A new organization of classic texts that established the doctrine of Neo-Confucianism . Although civil service examinations had existed since the Sui dynasty , they became much more prominent in the Song period. Officials gaining power through imperial examination led to a shift from a military-aristocratic elite to a scholar-bureaucratic elite. After usurping the throne of the Later Zhou dynasty , Emperor Taizu of Song ( r.  960–976 ) spent sixteen years conquering

2862-476: A person may go throughout the Great Kaan's dominions he shall find these pieces of paper current, and shall be able to transact all sales and purchases of goods by means of them just as well as if they were coins of pure gold In medieval Italy and Flanders , because of the insecurity and impracticality of transporting large sums of cash over long distances, money traders started using promissory notes . In

3021-456: A philosophical point. Although an early form of the local geographic gazetteer existed in China since the 1st century, the matured form known as "treatise on a place", or fangzhi , replaced the old "map guide", or transl.  zho  – transl.  tujing , during the Song dynasty. The imperial courts of the emperor's palace were filled with his entourage of court painters, calligraphers, poets, and storytellers. Emperor Huizong

3180-452: A population of 90 million people, and 200 million by the time of the Ming dynasty . This dramatic increase of population fomented an economic revolution in pre-modern China . The expansion of the population, growth of cities, and emergence of a national economy led to the gradual withdrawal of the central government from direct intervention in the economy. The lower gentry assumed

3339-431: A precise amount and issued on deposit or as a loan. There was a gradual move toward the issuance of fixed denomination notes, and by 1745, standardized printed notes ranging from £20 to £1,000 were being printed. Fully printed notes that did not require the name of the payee and the cashier's signature first appeared in 1855. The Bank of Scotland was established in 1695 to support Scottish businesses, and in 1696 became

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3498-458: A raid on Guangxi , the Song commander Guo Kui (1022–1088) penetrated as far as Thăng Long (modern Hanoi ). Heavy losses on both sides prompted the Vietnamese commander Thường Kiệt (1019–1105) to make peace overtures, allowing both sides to withdraw from the war effort; captured territories held by both Song and Vietnamese were mutually exchanged in 1082, along with prisoners of war. During

3657-768: A robust economy. In 1234, the Jin dynasty was conquered by the Mongols , who took control of northern China, maintaining uneasy relations with the Southern Song. Möngke Khan , the fourth Great Khan of the Mongol Empire , died in 1259 while besieging the mountain castle Diaoyucheng in Chongqing . His younger brother Kublai Khan was proclaimed the new Great Khan and in 1271 founded the Yuan dynasty. After two decades of sporadic warfare, Kublai Khan's armies conquered

3816-464: A rope. Merchants found that the strings were too heavy to carry around easily, especially for large transactions. To solve this problem, coins could be left with a trusted person, with the merchant being given a slip of paper (the receipt) recording how much money they had deposited with that person. Their coins would be restored when they went back and gave that person the paper. True paper money, called " jiaozi ", developed from these promissory notes by

3975-424: A small scale during the Sui and Tang dynasties, but by the Song period, it became virtually the only means for drafting officials into the government. The advent of widespread printing helped to widely circulate Confucian teachings and to educate more and more eligible candidates for the exams. This can be seen in the number of exam takers for the low-level prefectural exams rising from 30,000 annual candidates in

4134-541: A surviving mother without sons, could inherit one-half of her father's share of undivided family property. There were many notable and well-educated women, and it was a common practice for women to educate their sons during their earliest youth. The mother of the scientist, general, diplomat, and statesman Shen Kuo taught him essentials of military strategy. There were also exceptional women writers and poets, such as Li Qingzhao (1084–1151), who became famous even in her lifetime. Religion in China during this period had

4293-579: A travelogue of a visit to Prague in 960 by Ibrahim ibn Yaqub , small pieces of cloth were used as a means of trade, with these cloths having a set exchange rate versus silver. Around 1150, the Knights Templar would issue notes to pilgrims. Pilgrims would deposit valuables with a local Templar preceptory before embarking for the Holy Land and receive a document indicating the value of their deposit. They would then use that document upon arrival in

4452-588: A tribute to Song. Champa rice was drought-resistant and able to grow fast enough to offer two harvests a year instead of one. Song restaurant and tavern menus are recorded. They list entrees for feasts, banquets, festivals, and carnivals. They reveal a diverse and lavish diet for those of the upper class. They could choose from a wide variety of meats and seafood, including shrimp, geese, duck, mussel, shellfish, fallow deer , hare, partridge, pheasant, francolin, quail, fox, badger, clam, crab, and many others. Dairy products were rare in Chinese cuisine at this time. Beef

4611-515: A variety of courtiers , including artisans, artists, educational tutors, and entertainers. Despite the disdain for trade, commerce, and the merchant class exhibited by the highly cultured and elite exam-drafted scholar-officials, commercialism played a prominent role in Song culture and society. A scholar-official would be frowned upon by his peers if he pursued means of profiteering outside of his official salary; however, this did not stop many scholar-officials from managing business relations through

4770-433: A very small proportion of the "money" that people think that they have, as demand deposit bank accounts and electronic payments have negated much of the need to carry notes and coins. Banknotes have a natural advantage over coins in that they are lighter to carry; but they are also less durable than coins. Banknotes issued by commercial banks had counterparty risk , meaning that the bank may not be able to make payment when

4929-478: A virtual currency account (usually a coin no longer physically existing), was used more often. All physical currencies were physically related to this virtual currency; this instrument also served as credit. The shift toward the use of these receipts as a means of payment took place in the mid-17th century, as the price revolution , when relatively rapid gold inflation was causing a re-assessment of how money worked. The goldsmith bankers of London began to give out

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5088-454: A weight of 80 to 90 grams per square meter. The cotton is sometimes mixed with linen , abaca , or other textile fibres. Generally, the paper used is different from ordinary paper: it is much more resilient, resists wear and tear (the average life of a paper banknote is two years), and also does not contain the usual agents that make ordinary paper glow slightly under ultraviolet light. Unlike most printing and writing paper, banknote paper

5247-404: A written order to pay the amount to whoever had possession of the note. These notes are credited as the first modern banknotes. The first short-lived attempt at issuing banknotes by a central bank was in 1661 by Stockholms Banco , a predecessor of Sweden's central bank, Sveriges Riksbank . These replaced the copper-plates being used instead as a means of payment. The peculiar circumstances of

5406-415: Is a simple-looking security component found in most banknotes. It is, however, often rather complex in construction, comprising fluorescent, magnetic, metallic, and microprint elements. By combining it with watermarking technology, the thread can be made to surface periodically on one side only. This is known as windowed thread and further increases the counterfeit resistance of the banknote paper. This process

5565-434: Is also a chance for banknotes to have printing errors. For U.S. banknotes, these errors can include board break errors, butterfly fold errors, cutting errors, dual denomination errors, fold over errors, and misalignment errors. Prior to the introduction of banknotes, precious or semiprecious metals minted into coins to certify their substance were widely used as a medium of exchange. The value that people attributed to coins

5724-592: Is applied as a portrait window for the higher denominations of the Europa series (ES2) of the euro banknotes. Windows are also used with the Hybrid substrate from Giesecke+Devrient which is composed of an inner layer of paper substrate with thin outer layers of plastic film for high durability. When paper bank notes were first introduced in England, they resulted in a dramatic rise in counterfeiting. The attempts by

5883-483: Is infused with polyvinyl alcohol or gelatin, instead of water, to give it extra strength. Early Chinese banknotes were printed on paper made of mulberry bark. Mitsumata ( Edgeworthia chrysantha ) and other fibers are used in Japanese banknote paper (a kind of Washi ). Most banknotes are made using the mould-made process, in which a watermark and thread are incorporated during the paper forming process. The thread

6042-480: Is mostly because historians tend to be more interested in a theoretical understanding of how money worked rather than how it was produced. The first great deterrent against counterfeiting was the death penalty for forgers, but this was not enough to stop the rise of counterfeiting. Over the 18th century, far fewer banknotes were circulating in England compared to the boom of bank notes in the 19th century; because of this, improved note-making techniques were not considered

6201-409: Is not always the case, and historically, private banks frequently handled all of a country's paper currency. Thus, many different banks or institutions may have issued banknotes in a given country. Commercial banks in the United States had legally issued banknotes before there was a national currency; however, these became subject to government authorization from 1863 to 1932. In the last of these series,

6360-433: Is simply a reflection of the supply and demand mechanism of a society exchanging goods in a free market, as opposed to stemming from any intrinsic property of the metal. By the late 17th century, this new conceptual outlook helped to stimulate the issue of banknotes. The economist Nicholas Barbon wrote that money "was an imaginary value made by a law for the convenience of exchange". A temporary experiment of banknote issue

6519-405: Is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat . With the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values. Counterfeiting , including

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6678-467: The Eighteen Songs of a Nomad Flute from the life story of Cai Wenji (b. 177). This art project was a diplomatic gesture to the Jin dynasty while he negotiated for the release of his mother from Jurchen captivity in the north. In philosophy, Chinese Buddhism had waned in influence but it retained its hold on the arts and on the charities of monasteries. Buddhism had a profound influence upon

6837-860: The Fatimid Caliphate of Egypt, Srivijaya , the Kara-Khanid Khanate in Central Asia , the Goryeo Kingdom in Korea, and other countries that were also trade partners with Japan . Chinese records even mention an embassy from the ruler of "Fu lin" (拂菻, i.e. the Byzantine Empire ), Michael VII Doukas , and its arrival in 1081. However, China's closest neighbouring states had the greatest impact on its domestic and foreign policy. From its inception under Taizu,

6996-750: The Indus River , and the Euphrates . Foreigners, in turn, affected the Chinese economy. For example, many West and Central Asian Muslims went to China to trade, becoming a preeminent force in the import and export industry, while some were even appointed as officers supervising economic affairs. Sea trade with the South-west Pacific, the Hindu world, the Islamic world, and East Africa brought merchants great fortune and spurred an enormous growth in

7155-916: The Kaifeng Jews , and Persian Manichaeans . The populace engaged in a vibrant social and domestic life, enjoying such public festivals as the Lantern Festival and the Qingming Festival . There were entertainment quarters in the cities providing a constant array of amusements. There were puppeteers, acrobats, theatre actors, sword swallowers, snake charmers, storytellers , singers and musicians, prostitutes, and places to relax, including tea houses, restaurants, and organized banquets. People attended social clubs in large numbers; there were tea clubs, exotic food clubs, antiquarian and art collectors' clubs, horse-loving clubs, poetry clubs, and music clubs. Like regional cooking and cuisines in

7314-487: The Pearl River Delta in 1279, the Yuan army, led by the general Zhang Hongfan , finally crushed the Song resistance. The last remaining ruler, the 13-year-old emperor Zhao Bing , committed suicide, along with Prime Minister Lu Xiufu and 1300 members of the royal clan. On Kublai's orders, carried out by his commander Bayan, the rest of the former imperial family of Song were unharmed; the deposed Emperor Gong

7473-628: The Yangtze to establish a new capital at Lin'an (modern Hangzhou). The Jurchen conquest of North China and shift of capitals from Kaifeng to Lin'an was the dividing line between the Northern and Southern Song dynasties. After their fall to the Jin, the Song lost control of North China. Now occupying what has been traditionally known as "China Proper", the Jin regarded themselves the rightful rulers of China. The Jin later chose earth as their dynastic element and yellow as their royal color. According to

7632-463: The Yuan dynasty , Kublai Khan , issued paper money known as Jiaochao . The original notes were restricted by area and duration, as in the Song dynasty, but in the later years, facing massive shortages of specie to fund their rule, the paper money began to be issued without restrictions on duration. The fact that the state was guaranteeing the Chinese paper money impressed Venetian merchants. According to

7791-531: The first European bank to issue banknotes in fixed values. It continues to issue banknotes and is the longest continuous banknote issue in the world. The Scottish economist John Law helped establish banknotes as a formal currency in France, after the wars waged by Louis XIV left the country with a shortage of precious metals for coinage. In the United States , there were early attempts at establishing

7950-407: The forgery of banknotes, is an inherent challenge in issuing currency . It is countered by anticounterfeiting measures in the printing of banknotes. Fighting the counterfeiting of banknotes and cheques has been a principal driver of security printing methods development in recent centuries. Code of Hammurabi Law 100 ( c. 1755–1750 BC) stipulated repayment of a loan by a debtor to

8109-411: The go and xiangqi board games. During this period greater emphasis was laid upon the civil service system of recruiting officials; this was based upon degrees acquired through competitive examinations , in an effort to select the most capable individuals for governance. Selecting men for office through proven merit was an ancient idea in China . The civil service system became institutionalized on

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8268-474: The money supply in 1921. At the same time, the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt. The Act gave the Bank of England an effective monopoly over the note issue from 1928. Today, a central bank or treasury is generally solely responsible within a state or currency union for the issue of banknotes. However, this

8427-417: The shipbuilding industry of Song-era Fujian . However, there was risk involved in such long overseas ventures. In order to reduce the risk of losing money on maritime trade missions abroad, wrote historians Ebrey, Walthall, and Palais: [Song era] investors usually divided their investment among many ships, and each ship had many investors behind it. One observer thought eagerness to invest in overseas trade

8586-510: The state's four constituent countries ( Scotland and Northern Ireland ) continue to print their own banknotes for domestic circulation, even though they are not fiat money or declared in law as legal tender anywhere. The UK's central bank, the Bank of England , prints notes which are legal tender in England and Wales ; these notes are also usable as money (but not legal tender) in the rest of

8745-461: The universal history text of the Zizhi Tongjian , compiled into 1000 volumes of 9.4 million written Chinese characters . The genre of Chinese travel literature also became popular with the writings of the geographer Fan Chengda (1126–1193) and Su Shi, the latter of whom wrote the 'daytrip essay' known as Record of Stone Bell Mountain that used persuasive writing to argue for

8904-425: The 11th century, during the Song dynasty . By 960, the Song government was short of copper for striking coins, and issued the first generally circulating notes. These notes were a promise by the ruler to redeem them later for some other object of value, usually specie . The issue of credit notes was often for a limited duration, and at some discount to the promised amount later. The jiaozi did not replace coins but

9063-473: The 11th century, political rivalries divided members of the court due to the ministers' differing approaches, opinions, and policies regarding the handling of the Song's complex society and thriving economy. The idealist Chancellor , Fan Zhongyan (989–1052), was the first to receive a heated political backlash when he attempted to institute the Qingli Reforms , which included measures such as improving

9222-405: The 11th-century innovation of the use of coal instead of charcoal in blast furnaces for smelting cast iron . Much of this iron was reserved for military use in crafting weapons and armouring troops, but some was used to fashion the many iron products needed to fill the demands of the growing domestic market. The iron trade within China was advanced by the construction of new canals, facilitating

9381-521: The 12th century. China's population doubled in size between the 10th and 11th centuries. This growth was made possible by expanded rice cultivation , use of early-ripening rice from Southeast and South Asia, and production of widespread food surpluses. The Northern Song census recorded 20 million households, double that of the Han and Tang dynasties. It is estimated that the Northern Song had

9540-480: The 1760s, these bills of credit were used in the majority of transactions in the Thirteen Colonies. The first bank to initiate the permanent issue of banknotes was the Bank of England . Established in 1694 to raise money for the funding of the war against France , the bank began issuing notes in 1695 with the promise to pay the bearer the value of the note on demand. They were initially handwritten to

9699-491: The Bank of England and the Royal Mint to stamp out currency crime led to new policing strategies, including the increased use of entrapment. The characteristics of banknotes, their materials and production techniques (as well as their development over history) are topics that are not usually thoroughly examined by historians, even though there are now a number of works detailing how bank notes were actually constructed. This

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9858-593: The Bark of Trees, Made into Something Like Paper, to Pass for Money All Over his Country ". All these pieces of paper are, issued with as much solemnity and authority as if they were of pure gold or silver... with these pieces of paper, made as I have described, Kublai Khan causes all payments on his own account to be made; and he makes them to pass current universally over all his kingdoms and provinces and territories, and whithersoever his power and sovereignty extends... and indeed everybody takes them readily, for wheresoever

10017-618: The Confucian classics of the Four Books as an introductory corpus to Confucian learning formed the basis of the Neo-Confucian doctrine. By the year 1241, under the sponsorship of Emperor Lizong , Zhu Xi's Four Books and his commentary on them became standard requirements of study for students attempting to pass the civil service examinations. The neighbouring countries of Japan and Korea also adopted Zhu Xi's teaching, known as

10176-524: The Holy Land to receive funds from the treasury of equal value. In the 13th century, Chinese paper money of Mongol Yuan became known in Europe through the accounts of travelers, such as Marco Polo and William of Rubruck . Marco Polo's account of paper money during the Yuan dynasty is the subject of a chapter of his book, The Travels of Marco Polo , titled " How the Great Kaan Causeth

10335-466: The Jin dynasty, the Song was eventually conquered by the Mongol-led Yuan dynasty . The dynasty's history is divided into two periods: during the Northern Song ( 北宋 ; 960–1127), the capital was in the northern city of Bianjing (now Kaifeng ) and the dynasty controlled most of what is now East China . The Southern Song ( 南宋 ; 1127–1279) comprise the period following the loss of control over

10494-423: The Jin dynasty. It had able military officers such as Yue Fei and Han Shizhong . The government sponsored massive shipbuilding and harbor improvement projects, and the construction of beacons and seaport warehouses to support maritime trade abroad, including at the major international seaports , such as Quanzhou , Guangzhou , and Xiamen , that were sustaining China's commerce. To protect and support

10653-580: The Liao forces, who engaged in aggressive yearly campaigns into Northern Song territory until 1005, when the signing of the Shanyuan Treaty ended these northern border clashes. The Song were forced to provide tribute to the Khitans, although this did little damage to the Song economy since the Khitans were economically dependent upon importing massive amounts of goods from the Song. More significantly,

10812-441: The Mongols as vassals ; when the Jin suddenly moved their capital city from Beijing to Kaifeng, the Mongols saw this as a revolt. Under the leadership of Ögedei Khan (r.1229–1241), both the Jin dynasty and Western Xia dynasty were conquered by Mongol forces in 1233/34. The Mongols were allied with the Song, but this alliance was broken when the Song recaptured the former imperial capitals of Kaifeng, Luoyang , and Chang'an at

10971-519: The New Policies and pursued political opponents, tolerated corruption and encouraged Emperor Huizong (1100–1126) to neglect his duties to focus on artistic pursuits. Later, a peasant rebellion broke out in Zhejiang and Fujian, headed by Fang La in 1120. The rebellion may have been caused by an increasing tax burden, the concentration of landownership and oppressive government measures. While

11130-651: The Shushigaku (朱子學, School of Zhu Xi) of Japan, and in Korea the Jujahak (주자학). Buddhism's continuing influence can be seen in painted artwork such as Lin Tinggui 's Luohan Laundering . However, the ideology was highly criticized and even scorned by some. The statesman and historian Ouyang Xiu (1007–1072) called the religion a "curse" that could only be remedied by uprooting it from Chinese culture and replacing it with Confucian discourse. The Chan sect experienced

11289-460: The Song dynasty in 1279 after defeating the Southern Song in the Battle of Yamen , and reunited China under the Yuan dynasty. Technology , science, philosophy, mathematics, and engineering flourished during the Song era. The Song dynasty was the first in world history to issue banknotes or true paper money and the first Chinese government to establish a permanent standing navy . This dynasty saw

11448-723: The Song dynasty alternated between warfare and diplomacy with the ethnic Khitans of the Liao dynasty in the northeast and with the Tanguts of the Western Xia in the northwest. The Song dynasty used military force in an attempt to quell the Liao dynasty and to recapture the Sixteen Prefectures , a territory under Khitan control since 938 that was traditionally considered to be part of China proper (Most parts of today's Beijing and Tianjin ). Song forces were repulsed by

11607-409: The Song dynasty was able to hold back the Jin, a new foe came to power over the steppe, deserts, and plains north of the Jin dynasty. The Mongols , led by Genghis Khan (r. 1206–1227), initially invaded the Jin dynasty in 1205 and 1209, engaging in large raids across its borders, and in 1211 an enormous Mongol army was assembled to invade the Jin. The Jin dynasty was forced to submit and pay tribute to

11766-519: The Song dynasty, but also the last instance where a war elephant corps was employed as a regular division within a Chinese army. There was a total of 347 military treatises written during the Song period, as listed by the history text of the Song Shi (compiled in 1345). However, only a handful of these military treatises have survived, which includes the Wujing Zongyao written in 1044. It

11925-416: The Song forces only 3,000 men on 120 warships, the Song dynasty forces were victorious in both battles due to the destructive power of the bombs and the rapid assaults by paddlewheel ships . The strength of the navy was heavily emphasized following these victories. A century after the navy was founded it had grown in size to 52,000 fighting marines. The Song government confiscated portions of land owned by

12084-506: The Song government was amassing large amounts of paper tribute . It was recorded that each year before 1101, the prefecture of Xin'an (modern Shexian , Anhui ) alone would send 1,500,000 sheets of paper in seven different varieties to the capital at Kaifeng. In 1101, the Emperor Huizong of Song decided to lessen the amount of paper taken in the tribute quota because it was causing detrimental effects and creating heavy burdens on

12243-527: The Song navy that could carry 1,000 soldiers aboard their decks, while the swift-moving paddle-wheel craft were viewed as essential fighting ships in any successful naval battle. In a battle on January 23, 971, massive arrow fire from Song dynasty crossbowmen decimated the war elephant corps of the Southern Han army. This defeat not only marked the eventual submission of the Southern Han to

12402-530: The Song state recognized the Liao state as its diplomatic equal. The Song created an extensive defensive forest along the Song-Liao border to thwart potential Khitan cavalry attacks. The Song dynasty managed to win several military victories over the Tanguts in the early 11th century, culminating in a campaign led by the polymath scientist, general, and statesman Shen Kuo (1031–1095). However, this campaign

12561-492: The Song, the era was known for its regional varieties of performing arts styles as well. Theatrical drama was very popular amongst the elite and general populace, although Classical Chinese —not the vernacular language —was spoken by actors on stage. The four largest drama theatres in Kaifeng could hold audiences of several thousand each. There were also notable domestic pastimes, as people at home enjoyed activities such as

12720-506: The Swedish coin supply were what led to this banknote issue. Cheap foreign imports of copper had forced the Crown to steadily increase the size of the copper coinage to maintain its value relative to silver . The heavy weight of the new coins encouraged merchants to deposit it in exchange for receipts. These became banknotes when the manager of the bank decoupled the rate of note issue from

12879-685: The Tang dynasty (618–907), as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large commercial transactions. Although government issued centralized paper money did not appear until the 11th century, during the Song dynasty . In Europe, cloth banknotes were in use in Praga in 960 and as part of the banking scheme of the Knights Templars around 1150. The first short-lived attempt at issuing banknotes in Europen by

13038-475: The Tang era, would also be revived in China under Mongol rule. Sumptuary laws regulated the food that one consumed and the clothes that one wore according to status and social class. Clothing was made of hemp or cotton cloths, restricted to a color standard of black and white. Trousers were the acceptable attire for peasants, soldiers, artisans, and merchants, although wealthy merchants might choose to wear more ornate clothing and male blouses that came down below

13197-750: The UK (see Banknotes of the pound sterling ). In the two Special Administrative Regions of the People's Republic of China , arrangements are similar to those in the UK; in Hong Kong , three commercial banks are licensed to issue Hong Kong dollar notes , and in Macau , banknotes of the Macanese pataca are issued by two different commercial banks. In Luxembourg , the Banque Internationale à Luxembourg

13356-528: The arts as accepted pastimes of the cultured scholar-official, including painting , composing poetry , and writing calligraphy . The poet and statesman Su Shi and his associate Mi Fu (1051–1107) enjoyed antiquarian affairs, often borrowing or buying art pieces to study and copy. Poetry and literature profited from the rising popularity and development of the ci poetry form . Enormous encyclopedic volumes were compiled, such as works of historiography and dozens of treatises on technical subjects. This included

13515-579: The assault against the Song, gaining a temporary foothold on the southern banks of the Yangtze. By the winter of 1259, Uriyangkhadai's army fought its way north to meet Kublai's army, which was besieging Ezhou in Hubei . Kublai made preparations to take Ezhou , but a pending civil war with his brother Ariq Böke —a rival claimant to the Mongol Khaganate—forced Kublai to move back north with

13674-499: The bank currency reserves. Three years later, the bank went bankrupt after rapidly increasing the artificial money supply through the large-scale printing of paper money. A new bank, the Riksens Ständers Bank , was established in 1668, but did not issue banknotes until the 19th century. The idea that social and legal consensus determines what constitutes money is the foundation of modern banknotes. A gold coin's value

13833-457: The banks to refine the technologies employed. In 1801, watermarks, which previously were straight lines, became wavy—an idea of William Brewer, a watermark mould maker. This made counterfeiting bank notes harder still, at least in the short term, and in 1803 the number of forged bank notes fell to just 3000, compared to 5000 the previous year. Banks asked skilled engravers and artists to help them make their notes more difficult to counterfeit during

13992-406: The beginning, these were personally registered, but they soon became a written order to pay the amount to whoever had it in their possession. These notes are seen as a predecessor to regular banknotes by some but are mainly thought of as proto bills of exchange and cheques. The term "bank note" comes from the notes of the bank ("nota di banco") and dates from the 14th century; it originally recognized

14151-461: The budding movement of Neo-Confucianism , led by Cheng Yi (1033–1107) and Zhu Xi (1130–1200). Mahayana Buddhism influenced Fan Zhongyan and Wang Anshi through its concept of ethical universalism , while Buddhist metaphysics deeply affected the pre–Neo-Confucian doctrine of Cheng Yi. The philosophical work of Cheng Yi in turn influenced Zhu Xi. Although his writings were not accepted by his contemporary peers, Zhu's commentary and emphasis upon

14310-528: The bulk of his forces. In Kublai's absence, the Song forces were ordered by Chancellor Jia Sidao to make an immediate assault and succeeded in pushing the Mongol forces back to the northern banks of the Yangtze. There were minor border skirmishes until 1265, when Kublai won a significant battle in Sichuan . From 1268 to 1273, Kublai blockaded the Yangtze River with his navy and besieged Xiangyang ,

14469-511: The central Song court remained politically divided and focused upon its internal affairs, alarming new events to the north in the Liao state finally came to its attention. The Jurchen , a subject tribe of the Liao, rebelled against them and formed their own state, the Jin dynasty (1115–1234) . The Song official Tong Guan (1054–1126) advised Emperor Huizong to form an alliance with the Jurchens, and

14628-464: The cities of Huizhou , Chengdu , Hangzhou , and Anqi. The size of the workforce employed in paper money factories was large; it was recorded in 1175 that the factory at Hangzhou employed more than a thousand workers a day. The economic power of Song China can be attested by the growth of the urban population of its capital city Hangzhou. The population was 200,000 at the start of the 12th century and increased to 500,000 around 1170 and doubled to over

14787-469: The collapse of the Jin dynasty. After the first Mongol invasion of Vietnam in 1258, Mongol general Uriyangkhadai attacked Guangxi from Hanoi as part of a coordinated Mongol attack in 1259 with armies attacking in Sichuan under Mongol leader Möngke Khan and other Mongol armies attacking in modern-day Shandong and Henan . On August 11, 1259, Möngke Khan died during the siege of Diaoyu Castle in Chongqing . His successor Kublai Khan continued

14946-470: The court. Wang Anshi's "New Policies Group" ( Xin Fa ), also known as the "Reformers", were opposed by the ministers in the "Conservative" faction led by the historian and Chancellor Sima Guang (1019–1086). As one faction supplanted another in the majority position of the court ministers, it would demote rival officials and exile them to govern remote frontier regions of the empire. One of the prominent victims of

15105-413: The dynasty, government posts were disproportionately held by two elite social groups: a founding elite who had ties with the founding emperor and a semi-hereditary professional elite who used long-held clan status, family connections , and marriage alliances to secure appointments. By the late 11th century, the founding elite became obsolete, while political partisanship and factionalism at court undermined

15264-511: The early 11th century to 400,000 candidates by the late 13th century. The civil service and examination system allowed for greater meritocracy , social mobility , and equality in competition for those wishing to attain an official seat in government. Using statistics gathered by the Song state, Edward A. Kracke, Sudō Yoshiyuki, and Ho Ping-ti supported the hypothesis that simply having a father, grandfather, or great-grandfather who had served as an official of state did not guarantee one would obtain

15423-591: The educational system and state bureaucracy. Seeking to resolve what he saw as state corruption and negligence, Wang implemented a series of reforms called the New Policies . These involved land value tax reform, the establishment of several government monopolies, the support of local militias, and the creation of higher standards for the Imperial examination to make it more practical for men skilled in statecraft to pass. The reforms created political factions in

15582-402: The empire. In one such project, cartographers created detailed maps of each province and city that were then collected in a large atlas . Emperor Taizu also promoted groundbreaking scientific and technological innovations by supporting works like the astronomical clock tower designed and built by the engineer Zhang Sixun . The Song court maintained diplomatic relations with Chola India ,

15741-586: The establishment of retirement homes , public clinics , and paupers ' graveyards . The Song dynasty supported a widespread postal service that was modeled on the earlier Han dynasty (202 BCE – CE 220) postal system to provide swift communication throughout the empire. The central government employed thousands of postal workers of various ranks to provide service for post offices and larger postal stations. In rural areas, farming peasants either owned their own plots of land , paid rents as tenant farmers , or were serfs on large estates. Although women were on

15900-447: The famed Bao Zheng (999–1062) embodied the upright, moral judge who upheld justice and never failed to live up to his principles. Song judges specified the guilty person or party in a criminal act and meted out punishments accordingly, often in the form of caning . A guilty individual or parties brought to court for a criminal or civil offense were not viewed as wholly innocent until proven otherwise, while even accusers were viewed with

16059-517: The financing of World War I by the Central Powers (by 1922 1 gold Austro-Hungarian krone of 1914 was worth 14,400 paper Kronen), the devaluation of the Yugoslav dinar in the 1990s, etc. Banknotes may also be overprinted to reflect political or economic changes that occur faster than new currency can be printed. In 1988, Austria produced the 5000 Schilling banknote ( Mozart ), which

16218-443: The first surviving records of the chemical formula for gunpowder, the invention of gunpowder weapons such as fire arrows , bombs, and the fire lance . It also saw the first discernment of true north using a compass, first recorded description of the pound lock , and improved designs of astronomical clocks . Economically, the Song dynasty was unparalleled with a gross domestic product three times larger than that of Europe during

16377-451: The flow of iron products from production centres to the large market in the capital city. The annual output of minted copper currency in 1085 reached roughly six billion coins. The most notable advancement in the Song economy was the establishment of the world's first government issued paper-printed money, known as Jiaozi (see also Huizi ). For the printing of paper money , the Song court established several government-run factories in

16536-400: The government relied upon the cooperation of the few or many local gentry in the area. For example, the Song government—excluding the educational-reformist government under Emperor Huizong—spared little amount of state revenue to maintain prefectural and county schools; instead, the bulk of the funds for schools was drawn from private financing. This limited role of government officials was

16695-521: The hierarchic social order, a person could gain status and prestige in society by becoming a high-ranking military officer with a record of victorious battles. At its height, the Song military had one million soldiers divided into platoons of 50 troops, companies made of two platoons, battalions composed of 500 soldiers. Crossbowmen were separated from the regular infantry and placed in their own units as they were prized combatants, providing effective missile fire against cavalry charges. The government

16854-414: The importance of proper coroner 's conduct during autopsies and the accurate recording of the inquest of each autopsy by official clerks. The Song military was chiefly organized to ensure that the army could not threaten Imperial control, often at the expense of effectiveness in war. Northern Song's Military Council operated under a Chancellor, who had no control over the imperial army. The imperial army

17013-413: The interest in the performance of post-mortem autopsies in China during the 12th century. The physician and judge known as Song Ci (1186–1249) wrote a pioneering work of forensic science on the examination of corpses in order to determine cause of death (strangulation, poisoning, drowning, blows, etc.) and to prove whether death resulted from murder, suicide, or accidental death. Song Ci stressed

17172-506: The issuing bank would stamp its name and promise to pay, along with the signatures of its president and cashier on a preprinted note. By this time, the notes were standardized in appearance and not too different from Federal Reserve Notes . In a small number of countries, private banknote issuing continues to this day. For example, by virtue of the complex constitutional setup in the United Kingdom, certain commercial banks in two of

17331-495: The joint military campaign under this Alliance Conducted at Sea toppled and completely conquered the Liao dynasty by 1125. During the joint attack, the Song's northern expedition army removed the defensive forest along the Song-Liao border. However, the poor performance and military weakness of the Song army was observed by the Jurchens, who immediately broke the alliance, beginning the Jin–Song Wars of 1125 and 1127. Because of

17490-487: The knee, skirts, and jackets with long or short sleeves, while women from wealthy families could wear purple scarves around their shoulders. The main difference in women's apparel from that of men was that it was fastened on the left, not on the right. The main food staples in the diet of the lower classes remained rice, pork, and salted fish. In 1011, Emperor Zhenzong of Song introduced Champa rice to China from Vietnam 's Kingdom of Champa , which sent 30,000 bushels as

17649-451: The landed gentry in order to raise revenue for these projects, an act which caused dissension and loss of loyalty amongst leading members of Song society but did not stop the Song's defensive preparations. Financial matters were made worse by the fact that many wealthy, land-owning families—some of which had officials working for the government—used their social connections with those in office in order to obtain tax-exempt status. Although

17808-419: The last obstacle in his way to invading the rich Yangtze River basin. Kublai officially declared the creation of the Yuan dynasty in 1271. In 1275, a Song force of 130,000 troops under Chancellor Jia Sidao was defeated by Kublai's newly appointed commander-in-chief, general Bayan . By 1276, most of the Song territory had been captured by Yuan forces, including the capital Lin'an. In the Battle of Yamen on

17967-558: The major cause of Song economic prosperity. Artisans and merchants formed guilds that the state had to deal with when assessing taxes, requisitioning goods, and setting standard workers' wages and prices on goods. The iron industry was pursued by both private entrepreneurs who owned their own smelters as well as government-supervised smelting facilities. The Song economy was stable enough to produce over 100,000,000 kg (220,000,000 lb) of iron products per year. Large-scale Deforestation in China would have continued if not for

18126-412: The marriage strategies of the professional elite, which dissolved as a distinguishable social group and was replaced by a multitude of gentry families. Due to Song's enormous population growth and the body of its appointed scholar-officials being accepted in limited numbers (about 20,000 active officials during the Song period), the larger scholarly gentry class would now take over grassroots affairs on

18285-399: The mid-nineteenth century, commercial banks were able to issue their own banknotes, and notes issued by provincial banking companies were the common form of currency throughout England, outside London. The Bank Charter Act of 1844 , which established the modern central bank, restricted authorisation to issue new banknotes to the Bank of England , which would henceforth have sole control of

18444-727: The most prosperous and advanced economies in the medieval world. Song Chinese invested their funds in joint stock companies and in multiple sailing vessels at a time when monetary gain was assured from the vigorous overseas trade and domestic trade along the Grand Canal and Yangtze River. Both private and government-controlled industries met the needs of a growing Chinese population in the Song; prominent merchant families and private businesses were allowed to occupy industries that were not already government-operated monopolies. Economic historians emphasize this toleration of market mechanisms over population growth or new farming technologies as

18603-597: The multitude of ships sailing for maritime interests into the waters of the East China Sea and Yellow Sea (to Korea and Japan ), Southeast Asia , the Indian Ocean , and the Red Sea , it was necessary to establish an official standing navy . The Song dynasty therefore established China's first permanent navy in 1132, with a headquarters at Dinghai . With a permanent navy, the Song were prepared to face

18762-460: The naval forces of the Jin on the Yangtze River in 1161, in the Battle of Tangdao and the Battle of Caishi . During these battles the Song navy employed swift paddle wheel driven naval vessels armed with traction trebuchet catapults aboard the decks that launched gunpowder bombs . Although the Jin forces commanded by Wanyan Liang (the Prince of Hailing) boasted 70,000 men on 600 warships, and

18921-666: The northern half of Song territory to the Jurchen-led Jin dynasty in the Jin–Song wars . At that time, the Song court retreated south of the Yangtze and established its capital at Lin'an (now Hangzhou ). Although the Song dynasty had lost control of the traditional Chinese heartlands around the Yellow River , the Southern Song Empire contained a large population and productive agricultural land, sustaining

19080-784: The note was presented. Notes issued by central banks had a theoretical risk when they were backed by gold and silver. Both banknotes and coins are subject to inflation . The durability of coins means that even if metal coins melt in a fire or are submerged under the sea for hundreds of years, they still have some value when they are recovered. Gold coins salvaged from shipwrecks retain almost all of their original appearance, but silver coins slowly corrode. Other costs of using bearer money include: The different advantages and disadvantages of coins and banknotes imply that there may be an ongoing role for both forms of bearer money, each being used where its advantages outweigh its disadvantages. Until recently, most banknotes were made from cotton paper with

19239-604: The oldest user of lightweight promissory notes. In China during the Han dynasty , promissory notes appeared in 118 BC and were made of leather. Rome may have used a durable lightweight substance as promissory notes in 57 AD, which have been found in London . However, the first known banknotes were first developed in China during the Tang and Song dynasties, starting in the 7th century and were called " flying money ". Its roots were in merchant receipts of deposit during

19398-596: The originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities . National banknotes are often, but not always, legal tender , meaning that courts of law are required to recognize them as satisfactory payment of money debts . Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance

19557-492: The paper into the lines of the engraving to make suitable banknotes. Another difficulty in counterfeiting banknotes was the paper, as the type of paper used for banknotes was rather different from the paper commercially available at that time. Despite this, some forgers successfully forged notes by dealing with and consulting paper makers, in order to make a similar kind of paper themselves. Furthermore, watermarked paper has also been used since banknotes first appeared; it involved

19716-405: The people of the region. However, the government still needed masses of paper products for the exchange certificates and the state's new issuing of paper money. For the printing of paper money alone, the Song government established several government-run factories in the cities of Huizhou , Chengdu , Hangzhou , and Anqi. The workforce employed in these paper money factories was quite large; it

19875-401: The political rivalry, the famous poet and statesman Su Shi (1037–1101), was jailed and eventually exiled for criticizing Wang's reforms. The continual alternation between reform and conservatism had effectively weakened the dynasty. This decline can also be attributed to Cai Jing (1047–1126), who was appointed by Emperor Zhezong (1085–1100) and who remained in power until 1125. He revived

20034-445: The receipts as payable to the bearer of the document rather than the original depositor. This meant that the note could be used as currency based on the security of the goldsmith, not the account holder of the goldsmith-banker. The bankers also began issuing a greater value of notes than the total value of their physical reserves in the form of loans, on the assumption that they would not have to redeem all of their issued banknotes at

20193-407: The recruitment system of officials, increasing the salaries for minor officials, and establishing sponsorship programs to allow a wider range of people to be well educated and eligible for state service. After Fan was forced to step down from his office, Wang Anshi (1021–1086) became Chancellor of the imperial court. With the backing of Emperor Shenzong (1067–1085), Wang Anshi severely criticized

20352-573: The removal of the previous defensive forest, the Jin army marched quickly across the North China Plain to Kaifeng. In the Jingkang Incident during the latter invasion, the Jurchens captured not only the capital, but the retired Emperor Huizong, his successor Emperor Qinzong , and most of the Imperial court. The remaining Song forces regrouped under the self-proclaimed Emperor Gaozong of Song (1127–1162) and withdrew south of

20511-776: The rest of China proper , reuniting much of the territory that had once belonged to the Han and Tang empires and ending the upheaval of the Five Dynasties and Ten Kingdoms period. In Kaifeng , he established a strong central government over the empire. The establishment of this capital marked the start of the Northern Song period. He ensured administrative stability by promoting the civil service examination system of drafting state bureaucrats by skill and merit (instead of aristocratic or military position) and promoted projects that ensured efficiency in communication throughout

20670-461: The right of the holder of the note to collect the precious metal (usually gold or silver) deposited with a banker (via a currency account). In the 14th century, it was used in every part of Europe and in Italian city-state merchants colonies outside of Europe . For international payments, the more efficient and sophisticated bill of exchange ("lettera di cambio"), that is, a promissory note based on

20829-459: The same level of authority. Robert Hartwell and Robert P. Hymes criticized this model, stating that it places too much emphasis on the role of the nuclear family and considers only three paternal ascendants of exam candidates while ignoring the demographic reality of Song China, the significant proportion of males in each generation that had no surviving sons, and the role of the extended family . Many felt disenfranchised by what they saw as

20988-422: The same time period, which historians refer to as "the search for the inimitable banknote." During this time, bank notes also began to be double-sided and have more intricate patterns. The ease with which paper money can be created, by both legitimate authorities and counterfeiters, has led to a temptation in times of crisis such as war or revolution, or merely a spendthrift government, to produce paper money which

21147-461: The same time. This was a natural extension of debt-based issuance of split tally sticks used for centuries in places like St. Giles Fair, however, done in this way, it was able to directly expand the expansion of the supply of circulating money. As these receipts were increasingly used in the money circulation system, depositors began to ask for multiple receipts to be made out in smaller, fixed denominations for use as money. The receipts soon became

21306-436: The sewing of a thin wire frame into paper mould. Watermarks for notes were first used in 1697, by Rice Watkins, a Berkshire paper maker. Watermarks and special paper made it harder and more expensive to forge banknotes, since more complex and expensive paper-making machines were needed. In the early 19th century (the so-called Bank Restriction Period , 1797–1821), the dramatically increased demand for bank notes slowly forced

21465-655: The theory of the Five Elements (wuxing), the earth element follows the fire, the dynastic element of the Song, in the sequence of elemental creation. Therefore, their ideological move showed that the Jin considered Song reign in China complete, with the Jin replacing the Song as the rightful rulers of China Proper. Although weakened and pushed south beyond the Huai River , the Southern Song found new ways to bolster its strong economy and defend itself against

21624-472: The use of intermediary agents. The Song judicial system retained most of the legal code of the earlier Tang dynasty, the basis of traditional Chinese law up until the modern era. Roving sheriffs maintained law and order in the municipal jurisdictions and occasionally ventured into the countryside. Official magistrates overseeing court cases were not only expected to be well-versed in written law but also to promote morality in society. Magistrates such as

21783-404: The vast local level. Excluding the scholar-officials in office, this elite social class consisted of exam candidates, examination degree-holders not yet assigned to an official post, local tutors, and retired officials. These learned men, degree-holders, and local elites supervised local affairs and sponsored necessary facilities of local communities; any local magistrate appointed to his office by

21942-518: The waist. Acceptable apparel for scholar-officials was rigidly defined by the social ranking system. However, as time went on this rule of rank-graded apparel for officials was not as strictly enforced. Each official was able to display his awarded status by wearing different-colored traditional silken robes that hung to the ground around his feet, specific types of headgear, and even specific styles of girdles that displayed his graded-rank of officialdom. Women wore long dresses, blouses that came down to

22101-530: The waving of banners and to halt at the sound of bells and drums. The Song navy was of great importance during the consolidation of the empire in the 10th century; during the war against the Southern Tang state, the Song navy employed tactics such as defending large floating pontoon bridges across the Yangtze River in order to secure movements of troops and supplies. There were large ships in

22260-573: Was an imperial dynasty of China that ruled from 960 to 1279. The dynasty was founded by Emperor Taizu of Song , who usurped the throne of the Later Zhou dynasty and went on to conquer the rest of the Ten Kingdoms , ending the Five Dynasties and Ten Kingdoms period . The Song often came into conflict with the contemporaneous Liao , Western Xia and Jin dynasties in northern China. After retreating to southern China following attacks by

22419-452: Was an era of administrative sophistication and complex social organization. Some of the largest cities in the world were found in China during this period (Kaifeng and Hangzhou had populations of over a million). People enjoyed various social clubs and entertainment in the cities, and there were many schools and temples to provide the people with education and religious services. The Song government supported social welfare programs including

22578-441: Was based on precious metals . Banknotes were seen by some as an I.O.U. or promissory note : a promise to pay someone in precious metal on presentation (see representative money ). But they were readily accepted—for convenience and security—in London , for example, from the late 1600s onwards. With the removal of precious metals from the monetary system, banknotes evolved into pure fiat money . The first banknote-type instrument

22737-526: Was carried out by Sir William Phips as the governor of the Province of Massachusetts Bay starting on December 20, 1690, to help fund the war effort against France . The other Thirteen Colonies followed in Massachusetts' wake and began issuing bills of credit , an early form of paper currency distinct from banknotes, to fund military expenditures and for use as a common medium of exchange . By

22896-462: Was demoted, being given the title 'Duke of Ying', but was eventually exiled to Tibet where he took up a monastic life. The former emperor would eventually be forced to commit suicide under the orders of Kublai's great-great-grandson, Gegeen Khan , out of fear that Emperor Gong would stage a coup to restore his reign. Other members of the Song imperial family continued to live in the Yuan dynasty, including Zhao Mengfu and Zhao Yong. The Song dynasty

23055-520: Was detached from Shandong and attached to Pingyuan . In November 1952, Pingyuan was dissolved and Liaocheng returned to Shandong. The town is served by Liaocheng railway station as well as a station on the high-speed network, Liaocheng West railway station . Liaocheng is a sister city of the following cities: Furthermore, there is a partnership with the district Offenbach in Germany. Song dynasty The Song dynasty ( / s ʊ ŋ / )

23214-476: Was divided among three marshals, each independently responsible to the Emperor. Since the Emperor rarely led campaigns personally, Song forces lacked unity of command. The imperial court often believed that successful generals endangered royal authority, and relieved or even executed them (notably Li Gang, Yue Fei, and Han Shizhong ). Although the scholar-officials viewed military soldiers as lower members in

23373-582: Was eager to sponsor new crossbow designs that could shoot at longer ranges, while crossbowmen were also valuable when employed as long-range snipers . Song cavalry employed a slew of different weapons, including halberds, swords, bows, spears, and ' fire lances ' that discharged a gunpowder blast of flame and shrapnel . Military strategy and military training were treated as sciences that could be studied and perfected; soldiers were tested in their skills of using weaponry and in their athletic ability. The troops were trained to follow signal standards to advance at

23532-646: Was entitled to issue its own Luxembourgish franc notes until the introduction of the Euro in 1999. As well as commercial issuers, other organizations may have note-issuing powers; for example, until 2002, the Singapore dollar was issued by the Board of Commissioners of Currency, Singapore , a government agency that was later taken over by the Monetary Authority of Singapore . As with any printing, there

23691-495: Was invented by Portals, part of the De La Rue group in the UK. Other related methods include watermarking to reduce the number of corner folds by strengthening this part of the note. Varnishing and coatings reduce the accumulation of dirt on the note for longer durability in circulation. Another security feature is based on windows in the paper, which are covered by holographic foils to make it very hard to copy. Such technology

23850-509: Was leading to an outflow of copper cash. He wrote, "People along the coast are on intimate terms with the merchants who engage in overseas trade, either because they are fellow-countrymen or personal acquaintances. ... [They give the merchants] money to take with them on their ships for purchase and return conveyance of foreign goods. They invest from ten to a hundred strings of cash, and regularly make profits of several hundred percent". Banknote A banknote  – also called

24009-902: Was not supported by precious metal or other goods; this often led to hyperinflation and a loss of faith in the value of paper money, e.g. the Continental Currency produced by the Continental Congress during the American Revolution , the Assignats produced during the French Revolution , the paper currency produced by the Confederate States of America and the individual states of the Confederate States of America ,

24168-404: Was originally based upon the value of the metal unless they were token issues or had been debased. Banknotes were originally a claim for the coins held by the bank, but due to the ease with which they could be transferred and the confidence that people had in the capacity of the bank to settle the notes in coin if presented, they became a popular means of exchange in their own right. They now make up

24327-498: Was rarely consumed since the bull was a valuable draft animal, and dog meat was absent from the diet of the wealthy, although the poor could choose to eat dog meat if necessary (yet it was not part of their regular diet). People also consumed dates , raisins, jujubes , pears, plums, apricots, pear juice, lychee -fruit juice, honey and ginger drinks, spices and seasonings of Sichuan pepper , ginger , soy sauce, vegetable oil, sesame oil, salt, and vinegar. The Song dynasty had one of

24486-425: Was recorded in 1175 that the factory at Hangzhou alone employed more than a thousand workers a day. However, the government issues of paper money were not yet nationwide standards of currency at that point; issues of banknotes were limited to regional areas of the empire, and were valid for use only in a designated and temporary limit of three years. Between 1265 and 1274, the late southern Song government introduced

24645-565: Was the eighth emperor of the Song dynasty and he was a renowned artist as well as a patron of the art and the catalogue of his collection listed over 6,000 known paintings. A prime example of a highly venerated court painter was Zhang Zeduan (1085–1145) who painted an enormous panoramic painting , Along the River During the Qingming Festival . Emperor Gaozong of Song initiated a massive art project during his reign, known as

24804-512: Was the first known book to have listed formulas for gunpowder; it gave appropriate formulas for use in several different kinds of gunpowder bombs. It also provided detailed descriptions and illustrations of double-piston pump flamethrowers , as well as instructions for the maintenance and repair of the components and equipment used in the device. The visual arts during the Song dynasty were heightened by new developments such as advances in landscape and portrait painting. The gentry elite engaged in

24963-503: Was ultimately a failure due to a rival military officer of Shen disobeying direct orders, and the territory gained from the Western Xia was eventually lost. The Song fought against the Vietnamese kingdom of Đại Việt twice, the first conflict in 981 and later a significant war from 1075 to 1077 over a border dispute and the Song's severing of commercial relations with Đại Việt. After the Vietnamese forces inflicted heavy damages in

25122-496: Was used alongside them. The central government soon observed the economic advantages of printing paper money, issuing a monopoly for the issue of these certificates of deposit to several deposit shops. By the early 12th century, the amount of banknotes issued in a single year amounted to an annual rate of 26 million strings of cash coins. By the 1120s, the central government started to produce its own state-issued paper money (using woodblock printing ). Even before this point,

25281-458: Was used in China in the 7th century, during the Tang dynasty (618–907). Merchants would issue what are today called promissory notes in the form of receipts of deposit to wholesalers to avoid using the heavy bulk of copper coinage in large commercial transactions. Before these notes, circular coins with a rectangular hole in the middle were used. Multiple coins could be strung together on

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