Centers of Progress: Hangzhou (Paper Money) - Deepstash

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Centers of Progress: Hangzhou (Paper Money)

humanprogress.org

Hangzhou in 12th century CE China

  • During the late Song Dynasty, with the innovation of printing and manufacturing, the Song came closer to initiating an industrial revolution than any other premodern state.
  • The Song empire became the richest on Earth through trade and industry. The...

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  • The average Chinese person had increased growth in their income level as the economy expanded.
  • The economy grew due to new technological and agricultural advances and efficient trade routes.
  • The era saw an increase in international trade, as Chinese merchants expanded the...

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  • Hangzhou has been an important city since the 7th century CE, when its Grand Canal was built to connect the urban centre to Beijing. It is the world's longest artificial river.
  • Woodblock printing developed in Buddhist monasteries to reproduce spiritual texts. During the Song era, i...

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Hangzhou today

Hangzhou is one of China's top commercial bases. Consistent with its history of innovation, Hangzhou houses the headquarters of various Internet industry enterprises, and is a growing technology center.

It is home to about 20 million people and a popular tourist destination.

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