Money
11th century
Paper money circulated in China centuries before European banknotes.
Jiaozi paper notes appeared in Sichuan during China’s Song dynasty.
Paper money circulated in China centuries before European banknotes.
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Money
Rent
McDonald's makes most of its franchise money from rent, not burgers.
Rent is the largest revenue category McDonald's reports from franchised restaurants, ahead of royalties. That does not mean rent is most of all corporate revenue, or that every franchise follows the same property arrangement.
Money
1889
Nintendo was founded in 1889 to sell handmade playing cards.
Nintendo traces its origins to Fusajiro Yamauchi making hanafuda playing cards in Kyoto in 1889. Its first home video game machines arrived in 1977, nearly nine decades later.
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