"In the capital city of Hangzhou, the old system of closed market quarters has dissolved. Shops line every major avenue and canal, and trade continues late into the night. Merchants from the northern provinces arrive with wheat, while those from the south bring tea, sugar, and fine silk. To facilitate these massive transactions without the burden of carrying thousands of heavy bronze coins, wealthy merchant guilds and government offices now issue paper certificates known as *huizi*, which circulate freely as currency throughout the empire."
—Adapted from a description of Hangzhou, Southern Song Dynasty, c. 1200
Which of the following processes in Song China is best illustrated by the developments described in the passage?
- AThe shift toward a decentralized feudal economy ruled by regional merchant lords.
- BThe state's adoption of Neo-Confucian policies that elevated the social status of merchants above farmers.
- The growth of a highly commercialized economy supported by paper money and transport networks.Cevap
- DThe expansion of the overland Silk Road as the primary conduit for bulk agricultural commodities.
Cevap
The growth of a highly commercialized economy supported by paper money and transport networks.
The correct answer is correct because the Southern Song period saw a massive expansion of domestic markets, the breakdown of state-regulated market times and spaces, and the development of paper currency (*huizi*) to facilitate commerce across long distances, utilizing transport networks like the Grand Canal.
Adım Adım Çözüm
Anahtar Kavram
Economic and Commercial Innovations in Song China