How and Why did paper money start?

People had some mutual requirements and started to exchange commodities. Two people exchange some quantities of wheat and rice as they wish to eat both. If they decide that the demand for rice is double that of wheat, they will come to an agreement that for every two Kgs of wheat, one Kg of rice …

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The Rise and Fall Cycle

From the 15th to 18th century, China and India controlled almost half of global trade. This pattern continued till India became a part of the British empire, in the 19th century and Chinese trade became increasingly controlled by those who controlled the sea routes - England, France and the US. India became independent and China …

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