Ming banknote

纸币鼻祖:大明宝钞如何改变世界?

A History of the World in 100 Objects

2010-09-14

14 分钟
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单集简介 ...

This week Neil MacGregor's history of the world is exploring the great empires of around 1500 - the threshold of the modern era. Today he is in Ming Dynasty China and with a surviving example of some of the world's first paper bank notes - what the Chinese called "flying cash". Neil explains how paper money comes about and considers the forces that underpinned its successes and failures. While the rest of the world was happily trading in coins that had an actual value in silver or gold, why did the Chinese risk the use of paper? This particular surviving note is made on mulberry bark, is much bigger than the notes of today and is dated 1375. The Governor of the Bank of England, Mervyn King, and the historian Timothy Brook look back over the history of paper money and what it takes to make it work. Producer: Anthony Denselow
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单集文稿 ...

  • Thank you for downloading this episode of A History of the World in 100 Objects from BBC Radio 4.

  • If the children believe in fairies...

  • It's the famous moment where Peter Pan asks the audience to save Tinkerbell by joining him in believing in fairies.

  • Just say it in your heart: "I believe, I believe," and clap your hands.

  • And somewhere who hears me will believe and clap your hands.

  • And it's an unfailing winner.

  • That ability to convince others to believe in something they can't see

  • but wish to be true is a terrific trick.

  • Take the first paper money.

  • Someone in China printed a value on a piece of paper

  • and asked everyone else to agree with them

  • that that paper was actually worth what it said it was.

  • The paper notes, you could say like the darling children in Peter Pan,

  • were supposed to be as good as gold—or, in this case, as good as copper.

  • Literally worth the number of copper coins printed on the note.

  • The whole modern banking system of paper and credit is built on this one simple act of faith.

  • Paper money is truly one of the revolutionary inventions of human history.

  • Today's object is one of those early paper money notes.

  • The Chinese call them fei qian, "flying cash."

  • And the object comes from China at the time of the Ming, around 1400.