Editing Inflation (section)

===Ancient China===
[[Song dynasty]] China introduced the practice of printing paper money to create [[fiat currency]].<ref>{{cite book |author=von Glahn |first=Richard |title=Fountain of Fortune: Money and Monetary Policy in China, 1000–1700 |publisher=University of California Press |year=1996 |isbn=978-0-520-20408-9 |page=48}}</ref> During the Mongol [[Yuan dynasty]], the government spent a great deal of money fighting [[Mongol conquests|costly wars]], and reacted by printing more money, leading to inflation.<ref>{{cite book |author=Ropp |first=Paul S. |title=China in World History |publisher=Oxford University Press |year=2010 |isbn=978-0-19-517073-3 |pages=82}}</ref> Fearing the inflation that plagued the Yuan dynasty, the [[Ming dynasty]] initially rejected the use of paper money, and reverted to using copper coins.<ref>{{cite book |author=Bernholz |first=Peter |title=Monetary Regimes and Inflation: History, Economic and Political Relationships |publisher=Edward Elgar Publishing |year=2003 |isbn=978-1-84376-155-6 |pages=53–55}}</ref>