The Song dynasty (Chinese: 宋朝; pinyin: Sòng cháo; 960–1279) was an era of Chinese history that began in 960 and lasted until 1279. The dynasty was founded by Emperor Taizu of Song following his usurpation of the throne of the Later Zhou, ending the Five Dynasties and Ten Kingdoms period. The Song often came into conflict with the contemporary Liao and Western Xia dynasties in the north. It was conquered by the Mongol-led Yuan dynasty. The Song government was the first in world history to issue banknotes or true paper money nationally and the first Chinese government to establish a permanent standing navy. This dynasty also saw the first known use of gunpowder, as well as the first discernment of true north using a compass.