Founded in 960 CE, the Song dynasty (960–1279 CE) never equaled earlier dynasties in territorial extent but surpassed them all in economic and technological sophistication. Historians estimate Song China had the world's largest GDP circa 1100 CE and a commercial complexity not seen in Europe until centuries later. The Song period produced or matured all four of China's "Great Inventions": movable type printing (enabling mass-produced books), military gunpowder weapons (rockets, bombs, early guns), the magnetic compass (enabling open-ocean navigation), and innovations in papermaking. Song China also invented paper money — the world's first government-issued currency — along with letters of credit and other financial instruments. Urbanization was extraordinary: the capital Hangzhou had an estimated population over one million, likely the largest city on earth. China's iron output in 1078 CE equaled England's entire production in 1700 CE. The Northern Song fell to the Jurchen Jin dynasty in 1127 CE; the Southern Song survived until 1279 CE when Kublai Khan's Mongols completed the conquest. The gunpowder, compass, and printing technologies refined under the Song spread west along trade routes, directly enabling the European Renaissance, Age of Exploration, and military revolution — making Song China an unlikely incubator of the modern world.