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Admin moved page How Did the Creation of Paper Money during the Song Dynasty Impact China? to How Did the Creation of Paper Money during the Song Dynasty Impact China
In fact, the use of paper currency in China hurt the metals industry in general as mining withered during the Southern Song. <ref> Smith, Paul J. “Do We Know as Much as We Need to Know About the Song Economy? Observations on the Economic Crisis of the Twelfth and Thirteenth Centuries” <i>Journal of Song-Yuan Studies</i> 24 (1994) p. 329</ref> The Song discovery of paper currency truly had a great impact on East Asia, but it would be centuries before Europeans discovered the benefits and drawbacks of using paper notes.
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