Currency Of Northern Song Dynesty And Economic Impact On Society

Northern Song Dynesty has established the diversed currency system, with main currency of copper coin, and supplementary currencies of iron coin, tin coin, golden and silver coin, paper currency, and precious cloth currency. And the importance of the precious golden and silver coin among them increased in circulation-------not only did the civilian people begin to use golden and silver coin, but sometimes it was also used for tax purposes, presenting more monetary effect, while precious cloth withdrew as a kind of daily commodity step by step. This article, in the light of currency, discusses its promotion to the social production of then. First, in the agriculture, rent for land, in the form of currency, developes in large-scale, which followes the direction of development of commodity economy; plantation of vegetables and flowers represents the development of commercial agriculture, achieving the refinement of social division of labor. Second, in handicraft, the development of mining industry and the innovation of metallurgical skills contribute to the economic development of the whole society. Then, in business, the apparence of paper money makes the trading convenient and reduce the cost of trading; and the commercial capital, in the form of credit relations based on currency, and its activities are flourishing increasingly. Meanwhile, in the process of agricultural and handicraft production, the relationship between employer and employee, which is based on the currency, generates. This widespread currency relationship, with the nature of employment, promote the birth of capitalism, which is a great progress of the history.