Chinese Currency
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In our eReader you can find the full English version of the book. Read Chinese Currency Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Chinese Currency
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. All the efforts of the government did not secure the credit of the notes at par. On the contrary, they became depreciated to an extreme degree. This, however, did not prevent the government of the Ming dynasty, which acquired the sovereignty in A. D. 1368, from continuing for a time paper currency, which was finally abandoned as silver flowed into the country through the foreign trade, which brought to the southern ports a portion of the products of Mexican and Peruvian mines. It was American... silver that gave the death blow to paper currency in China. The arrival of sufficient silver was the real relief which Chinese trade required. Notes were finally abolished about A. D. 1620. Thus the conquest made by silver over paper occupied about a century, or a little more, from the commencement of the trade of the Spaniards and Portuguese with Canton. Gold as Currency. Gold has retained its remarkable preeminence among the metals from the dawn of civilisation to the present time. It early attracted notice because of its weight aud beauty, and was used extensively, where the art of working in metals was at all known, for the manufacture of useful implements and ornaments.
What to read after Chinese Currency?
You can find similar books in the "Read Also" column, or choose other free books by Joseph Edkins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. All the efforts of the government did not secure the credit of the notes at par. On the contrary, they became depreciated to an extreme degree. This, however, did not prevent the government of the Ming dynasty, which acquired the sovereignty in A. D. 1368, from continuing for a time paper currency, which was finally abandoned as silver flowed into the country through the foreign trade, which brought to the southern ports a portion of the products of Mexican and Peruvian mines. It was American... silver that gave the death blow to paper currency in China. The arrival of sufficient silver was the real relief which Chinese trade required. Notes were finally abolished about A. D. 1620. Thus the conquest made by silver over paper occupied about a century, or a little more, from the commencement of the trade of the Spaniards and Portuguese with Canton. Gold as Currency. Gold has retained its remarkable preeminence among the metals from the dawn of civilisation to the present time. It early attracted notice because of its weight aud beauty, and was used extensively, where the art of working in metals was at all known, for the manufacture of useful implements and ornaments.
What to read after Chinese Currency?
You can find similar books in the "Read Also" column, or choose other free books by Joseph Edkins to read onlineMoreLess
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