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Posted: 2025-04-19 04:03:18 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-19 04:10:53 UTC
Verified By
Rollup News
This article discusses how the Song Dynasty, despite pioneering paper money, used it as a tool for the government to plunder wealth from its citizens. The government printed money to cover its expenses but demanded taxes be paid in hard currency or valuable goods, devaluing the paper money in the eyes of the people.
The Song Dynasty invented paper money but misused it.
Paper money became a tool for government exploitation.
Taxes had to be paid in hard currency, not paper money.
The government forced citizens to accept devalued paper money.
Government exploitation of paper money
Forcing citizens to accept devalued currency
Demanding taxes in hard currency