... Ming dynasty (1368-1644). The counterfeiting of the Kwan was punishable as a capital offense. In 1661, paper money was first introduced in Western Europe through Kreditivsedlar, or Credit Notes, which were the products of early Swedish bankers. Through the great outburst of European prosperity, beginning in the 14th century ... were created and soon became the main currency in the North. They were engraved and printed by private banknote companies but signed by Treasury employees. History of the BEP The Bureau of Engraving and Printing can be traced as far back as August 29, 1862, in a s...

• Word Count: 3228
• Approx Pages: 13
• Grade Level: High School