Wednesday, March 27, 2013

Evconomy Of Acient China

For 18 of the 20 centuries, China had the largest parsimony in the world. The economy of ancient China introduced to the world a number of frugal concepts never seen before, like the use up of coins and money, land distribution for non-aristocrats, and the growth of a merchant class.

There was a lot of workmanship in China. Also between China and the West. The Silk Road is the to the highest degree well-known trading route of ancient Chinese civilization. It goes by Turkestan and Uzbekistan to the Persian Empire. Trade in silk grew under the Han Dynasty ( 202 BC - AD 220). silk was shipped to the West, and gold was imported.

The silk road is a 7000 mile route spanned China, rally Asia, Northern India, and the Parthian and Roman Empires.

Northwestern Indians who lived near the aggroup River played an important role in the China-Mediterranean silk trade because they still that silk was a luxury product of the Chinese Empire. The trading kinship between the Chinese and the Indians grew stronger with increased Han expansion into substitution Asia. The Chinese would trade their silk with the Indians for jade, gold, and silver, and the Indians would trade the silk with the Roman Empire. Silk proved to be an pricy import for the Roman Empire since its trade across Indian and Central Asia was heavily controlled by the Parthian Empire.

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While the Chinese silk trade played a minor role in the Chinese economy, it did increase the number of foreign merchants present in China under the Han Dynasty, exposing them to different cultures and religions

Cowry shells are believed to be the earliest form of currency apply in Central China, about 3000 to 4500 years ago.

The first metal coins were invented and in use before 900 BC, in a tomb near Anyang.

Its named Bronze shell, because it was a mere copy of the cowry shells used earlier.

Bronze became a universal currency in the chuck Dynasty (1045256 BCE).

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