The Struggle of the Reborn Prince
Chapter 162 Currency Reform
Internal concerns that villains interfere in politics, foreign relatives, eunuchs, and harems; middle concerns that the officialdom is in the middle, and the people will inevitably rebel; external concerns that ethnic conflicts are in conflict, and foreign races are eyeing each other. The demise of all dynasties has arisen from these three.
Now the Song Dynasty has a serious external troubles. The old enemy Liao Kingdom has been destroyed, the remnant Liao surrendered, and the Western Xia has surrendered. At this stage, the main foreign enemy is the Jurchens. After two battles, the Jin army suffered heavy losses and severe damage to its vitality, and has temporarily changed from an offensive to a defensive.
After the reorganization, the Song army's strength has been increasing and the boundaries have been consolidated. As long as Zhao Zhen is confident of eliminating this external trouble in the future.
After two rounds of purges of the Song Dynasty, a group of upright officials such as Li Gang and Zong Ze walked into the court, replaced a large number of officials who were ineffective, and laid off a large number of remaining personnel. The officialdom was curbed.
It is not a matter of complete elimination overnight. However, the situation has changed drastically, with government orders accessible, local governance, society gradually stabilized, and rule is becoming increasingly stable.
The villain is always indispensable, but now everything is renewed. The emperor is full of ambitions and ambitions. The 'positive energy' is everywhere. The villain has not dared to show up yet. And the eunuchs are in the political circles. The emperor Zhao Huan is talking about these things.
The eunuchs were too cold, and after they came to power, they cut a batch of them. When they were "Fuquet and wrote a letter", they were beaten and killed by the people and Tai students in the capital. After the city was broken, a batch of them were captured by the Jurchens. For a while, the eunuchs became
It's rare.
Now the number of eunuchs in the Da Nei has caught up with the founding period of Taizu. There are less than 200 people in charge of the huge harem. Everyone knows that Xi was trained by the emperor. Although he also loves money, he cherishes his life more and knows the emperor's temper and
How dare you do anything wrong with the means? Although you have become the top leader of the eunuchs, you are even more courageous.
The power of foreign relatives has always been very weak in the Song Dynasty. It has never become a climate. Zhao Qi's grandmother's family has made money with him and is not very powerful. He doesn't have to worry about these things at all. His mother Zheng Hongmei's level of the
He couldn't pass it, but he still gave his grandfather the title of prince and his third uncle as the Duke of the State to thank the old Zheng family for raising and taking care of him, but this was just an honor and had no real position.
As for Zhao Qiong in the harem, there were only three women, one and two concubines, not to mention comparing with his father, even compared with his brothers. After the change of the era, Empress Zhu Shuzhen wanted to choose a daughter for the emperor as the rules to enrich the harem.
However, Zhao Qiong refused. Now he wanted to marry Zhe Meiluan, who had a filial piety period, as agreed. In early February, Zhao Qiong issued an edict to promote Zhe Keqiu to be Duke Xi, the prefect of the prefecture and prefecture, Linzhou and
Pacification envoy; Zhe Kecun was appointed as Duke of Qi, transferred from Shaanxi to Bianjing defense envoy, and was given a residence; and the Zhe family was also very 'sensible', so they immediately submitted a letter to get rid of hereditary, and were willing to guard the borders of the Song Dynasty to defend the enemy, and immediately send their sister
Go to Beijing to get married.
Zhao Qi was very satisfied with what the Zhe family did. They finally figured out that the prefectures had lost their previous role in guarding the border with the recovery of Datong. The end of the war meant the beginning of the decline of the family, but Zhao Qi let it go
The Zhe family still guarded the three prefectures. One was to serve as a reserve force to prevent the reinvasion of the Western Xia Dynasty; the other was to prevent the restoration of the remnants of the Liao forces in Datong. But he could not allow the Zhe family to become bigger, so he transferred Zhe Kecun to the capital to serve.
It also conforms to the custom of selecting foreign relatives to lead the imperial guards in the capital...
Another problem on Zhao Jie's case is now. It is about the issue of currency reform. Metal currency is one of the earliest currencies, but metal is used as currency. It has a small weight value and is inconvenient to circulation. Paper and printing technology were invented.
After that, it was natural for people to think of making paper money.
During the Zhenzong period, sixteen wealthy merchants from Sichuan protected Jiaozi, using one-color paper, printed trees, houses and figures, and stamped letters. Each household set up a secret note of red and black colors. Based on the unit,
The face value is not limited, and it is often a hundred chunks. Those who hold Jiaozi can make a living by cash or can directly use Jiaozi. For cash exchange, they must cut off the interest of 30 chunks per chunk, and silk silkworms every year
Print Jiaozi once or twice when the rice and wheat is harvested.
Later, Jiaozi often failed to fulfill the issuer's bankruptcy and other reasons, so the government banned private issuance. In the first year of Tiansheng, the official Sichuan Jiaoziwu established and issued the first official Jiaozi, and set up a special Jiaoziwu to be responsible for printing, issuance and collection.
.When redeeming, register the font size into the book and cancel the account according to the font size to prevent forgery. If you use cash to exchange for Jiaozi, you must first deduct thirty cents of money to become an official, which is different from when Jiaozi cashes in Jiaozi.
Only deducted.
'大' is the circulation period. At that time, it was stipulated that one realm every two years, and the issuance amount of each realm was more than 1.2 million guan, and 360,000 guan were prepared for redemption. The face value of this kind of joint was fixed and stamped with an official seal.
, from the first year of Xining to the face value of ten thousand yuan, it was changed to the first year of Xining to the first day of Yiguan and 500 people. The earliest Jiaozi was a bit like a private loan document, and a bit like today's securities, so it is both very primitive and has monetary capital.
Many attributes of .
The convenience of paper money as a means of payment is easy to be recognized, so once it was invented, it was quickly promoted by the people and the court. At that time, the government directly used Jiaozi as a bulk payment method, such as purchasing military supplies from merchants, or directly
For military expenses, Wang Anshi also used it as the capital of the young seedlings during the reform, and the government often closed its positions and paid in advance. Since payment is indeed convenient, the government has the enthusiasm to promote it. However, the most important and fundamental reason is that the Northern Song Dynasty had serious problems.
The "money shortage".
The so-called money shortage means currency shortage. Because iron smelting technology is not as mature as copper smelting, and iron is prone to rot, copper coins were the main currency at that time. The reason for the money shortage is that the development of the commodity economy leads to insufficient money supply; the other is copper coins
External leakage; and there are also the copper coins made by a large number of privately sold copper coin makers and processed through multiple manual processes. Once destroyed, they will gain more than several times of profit.
These factors lead to an imbalance between the value of metal coins and the market price, and copper minted currencies have long been higher than the price of currency. In the case of shortage of metal coins, Song implemented a system of official salaries and military salaries, mixed currency, and food salaries.
The life of the class of people is fully or partially included in the market exchange. The hard currency in the market is metal coins, so many bureaucrats and governments gather it together, which further leads to the shortage of metal coins, which in turn promotes the promotion of paper money.
The emergence of the prototype of this modern currency is an improvement and a good thing. However, people's understanding of Jiaozi at that time was still limited, and the rulers quickly regarded Jiaozi as a tool for making money - issuing paper money indiscriminately
, used to solve financial difficulties, when Zhao Ji was in power, the number of random printing of Jiaozi increased to more than 26 million yuan due to the war. Such a huge circulation, coupled with the lack of cash to convert, caused the banknotes to depreciate sharply,
This caused social shock. Not only did Zhao Huan's administration fail to stop this momentum, but instead increased the issuance volume. In addition, various forces also issued one after another in order to raise military funds, resulting in currency disorder and credit collapse...
Zhao Qiong has taken over this mess now, and he is eager to reissue paper money, which is also forced by the situation. In this era, productivity is low and metallurgical technology is backward. Although the output of copper has increased significantly compared with previous generations, he turned on the firearm.
Pandora's box, cannons, guns, and bullets all require a large amount of copper to produce. Now the copper used by the military workshop to produce weapons is the copper coins reserved in the past. Now the number of troops has doubled, and the weapons and ammunition consumed has increased sharply, and the amount of copper is used.
The waters are also rising. And the output of copper is there, and you can’t take care of this one and that one!
A major feature of the Song Dynasty's economy was the development of commerce. Now the contradiction between the development of the commodity economy and the shortage of coins is becoming increasingly acute. The deflation effect formed by this has seriously hindered the development of the commodity economy. Zhao Qiong knew that the silk and porcelain of the Song Dynasty led overseas.
For trade, his next step is to expand overseas trade to increase commercial taxes and solve the economic problems of the Song Dynasty. This also requires a currency replacement, which is the popular 'silver standard'.
Zhao Qiong intends to use silver as the currency standard to establish a new financial order, but his two experts failed to fully understand his intentions, and the prescription he prescribed failed to prepare the medicine. This requires him
He has to use one or two tips to pretend to be an expert...
"Mr. Gong, it's a bit inappropriate to exchange four-cent of old banknotes for Yishen's new banknotes!" Zhao Qiong said with the old name of the royal palace.
"Your Majesty, I dare not!" Zhou Xingji hurriedly bowed with respect, but he was very helpful in his heart. "I think that the court issued 40 million guan in Jiaozi over the years, but the repayment amount was less than 5 million guan.
There is a huge difference, and there are also old examples for exchanging four-cent of old banknotes for new banknotes!”
"Yeah!" Zhao Qi nodded. How could he not know about this kind of thing? In the early years, he and Huang Jingchen joined forces to speculate on salt banknotes to make a big profit, but now the situation is different. Such speculative transactions cannot be done, otherwise they will be ruining themselves.
"But once such an operation is done, it will inevitably cause chaos, which will lead to Jiaozi's depreciation again as soon as it is listed, making it difficult to stabilize the market, and will lose credit, and it is still a waste of time!"
Currency is not only a tool of circulation, but also knows that it also has the attribute of credit capital. It can not only be dispatched into a strong economic accumulation force, used for commercial operations and centralized construction, but also easily deviate from value and expand infinitely, destroying the economic operation system.
Yu Yi, this was unexpected by the feudal dynasty. Since the Song Dynasty, China has raised this question to the wise men of financial management, but they have never seen through it, but it is also a problem that is difficult to bypass now.
"Your Majesty, if the equivalent collection requires huge amounts of money, the court still needs to vigorously mint copper coins, and the Ministry of Revenue is really unable to bear it, it will leave the treasury of the central government of the court empty and there is no money available!" Zhou Xingji said, this problem was the same
Not easy to solve.
"I have thought about this question. In fact, the court did not have much money, but it was just a form of existence. If the new banknote has credit, it can also be used!" Zhao Qiong smiled and thought about the reason for it.
How to tell him...(To be continued...)
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