When was paper money invented? (1 point)
O during the Middle Ages in Venice around the year 1200
O during the Commercial Revolution in Europe around the year 1400
O during the Song Dynasty in China around the year 1000
O during the Crusades in the Byzantine Empire around the year 1100
To determine when paper money was invented, we can go through the answer choices one by one:
1) During the Middle Ages in Venice around the year 1200:
Venice did play an important role in the development of modern banking systems during the Middle Ages, but the invention of paper money did not happen in Venice around the year 1200.
2) During the Commercial Revolution in Europe around the year 1400:
The Commercial Revolution in Europe started in the late 15th century, which is around the year 1400. While this period saw advancements in trade and finance, paper money was not invented during this time.
3) During the Song Dynasty in China around the year 1000:
The Song Dynasty in China, which lasted from the 10th to the 13th century, is indeed the correct time period for the invention of paper money. During this era, the Chinese government started issuing the world's first banknotes as a form of currency.
4) During the Crusades in the Byzantine Empire around the year 1100:
While the Crusades in the Byzantine Empire occurred during the 11th and 12th centuries, paper money was not invented during this time.
Therefore, the correct answer is: during the Song Dynasty in China around the year 1000.