Living during the Song era in Hangzhou - Deepstash

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Centers of Progress: Hangzhou (Paper Money)

Living during the Song era in Hangzhou

  • 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 their trade networks up to East Africa. Using paper money helped motivate people to deal with larger transactions than before.
  • During a visit in the 13th century CE, Italian explorer Marco Polo described Hangzhou as the most magnificent city in the world.

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