🌱 China's history of paper money

A rebellion and the rebellion forces are the cons out of China and there is this new dynasty the ming dynasty that is basically reactionary we would say today they don’t like this paper money and all of this trade and all these cities like the ideal for the ming dynasty rulers is that the self-sufficient agricultural village and they actually wind up getting rid of paper money this real breakthrough that you know helped people live better material lives disappears and so for a while there is no paper money anywhere in the world anymore there is a few hundred year where its just gone from the face of the earth and then it appears in europe a few hundred years later and in fact after they get rid of paper money in China China gets poorer you know that had this economic flourishing and then they get rid of it and they become worse off