DangBaekJeon result, DangBaekJeon became bad money, and SangPyeongTongBo became good money. This is related to Gresham's law, which is a monetary principle stating that "bad money drives out good". The casting of DangBaekJeon was stopped in April 1867. The next year, its distribution was stopped because of an appeal from Choe Ik-hyeon(Hangul: 최익현, Hanja: 崔益鉉), a janglyeong(Hangul:장령, Hanja: 掌令) in Joseon Dynasty. He insisted that DangBaekJeon affected adversely to all classes of the society in the past two years. After its distribution had stopped, DangBaekJeon was exchanged with SangPyeongTongBo or China money(Hangul: 청전, Hanja: 掌令) and was used in iron. Dangbaekjeon
Economic law Economic law In the legal system of the Soviet Union, economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law. In the Law of the United States and some other legal systems this approximately corresponds to the commercial law (business law). In the Soviet legal system, the purpose of the economic law is to regulate the relations arising from the economic activities. The theory of the independence of the economic law was pursued after the 21st Congress of the CPSU of 1959, with the principal proponent being