PAPER MONEY.

The article discusses the invention of paper money which was a substitute for coins that turned into a means for globalization. Topics include a historical overview of the use of banknotes in China during the Tang Dynasty from A.D. 618-907, their use during the copper shortage during China’s Song Dynasty, and how explorer Marco Polo’s visit to the Mongol Empire in the 1200s aided the circulation of paper currency which altered the global balance of power.