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| 960 | A Wisdom Archive on 960 |  | 960 A selection of articles related to 960:
Paper money originated in two forms: drafts, that is receipts for value held on account, and "bills", which were issued with a promise to convert at a later date. Money is based on the coming to pre-eminence of some commodity as payment. The oldest monetary basis was for agricultural capital: cattle and grain
Zhejiang was outside the sphere of influence of early Chinese civilization during the Shang Dynasty (16th century BC - 11th century BC). Instead it was populated by peoples collectively known as the Yue, such as the Dongyue and the Ouyue. Starting from the Spring and Autumn Period, a state of Yue emerged in northern Zhejiang that was heavily influenced by Chinese civilization further north, and under King Goujian of Yue it reached its zenith and was able to wipe out, in 473 BC, the state of Wu further north, a major power at the time
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 |  |  | | * Encyclopedia II - Shanxi - Economy Shanxi depends mostly on agriculture, mainly the cultivation of wheat, but also corn and sorghum.
Shanxi is very rich in natural resources, including coal and bauxite. Shanxi has, in fact, one third of China's coal, and this has made Shanxi a leading producer of coal within China.
Industry in Shanxi is mostly centered around coal, power generation, metal refining, and other heavy industries.
In 2003, Shanxi had a gross domestic product of 245.7 billion RMB, and a per capita income of 7468 RMB. By market exchange rates, these convert to US$29. ...
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