Please compile the Hongwu Grand Ceremony at the beginning, Lao Zhu Le collapsed

Chapter 41 Lao Zhu’s late-stage tricks are indeed 6
"Let's get down to business."

"How to establish a monetary system belonging to our Ming Dynasty?"

Seeing Zhu Biao and Xiao Han both looking at Queen Ma, Zhu Yuanzhang coughed twice and said.

Although Zhu Yuanzhang's face was still calm and calm, he had already begun to blame his sister in his heart.

After all, if this matter was not mentioned again as promised, how could it be brought up now and the old matter was brought up again? How could Zhu Yuanzhang be so happy in his heart?

However, Zhu Yuanzhang could only complain a few words in his heart and did not dare to talk nonsense. After all, when Empress Ma took action, it was definitely not a fake move, she was very ruthless.

As for, why?
It is still to blame that Xiao Han made the word gangster a derogatory term among derogatory terms, which is even more unsightly!

Because, the original gangsters actually have to be separated.

Liu: Those who have no land are called Liu, which means that in the current dynasty, family is first and then the country, and without a family, there is no country. Especially in ancient times, agriculture was the basis, and food was the largest productive force. Without land, it is equivalent to If the country is of no use, it will naturally "flow".

Gangster: It’s even simpler. Not only do you not have land, but you also don’t have a house and the ability to survive. Then you are a gangster.

Therefore, the combination of these two is the so-called ancient gangster.

However, originally this word was already very unfriendly, but Xiao Han made it worse. Now if you go out and flirt with a decent woman, you will be called a gangster.

Then do you think Lao Zhu will be happy?

Definitely not.

After all, Lao Zhu felt that although he was lecherous, he was by no means a rogue.

Empress Ma curled her lips slightly and ignored Zhu Yuanzhang.

"Your Majesty, I have discovered a very embarrassing fact among the ancient scrolls of past dynasties."

"When the emperor began to make copper coins with higher purity, the choice among the people was to collect copper coins in large quantities, then melt them and re-refine the copper to make profits."

"But when the emperor began to make copper coins with lower purity, because these copper coins seemed shoddy and easy to counterfeit, the people chose to refuse circulation."

"Moreover, the most critical point is that copper mining is difficult. Coupled with the increase in population and rapid economic development, there will be a serious shortage of copper coins."

Xiao Han first looked at Zhu Yuanzhang and slightly cupped his hands.

"Ah."

Zhu Yuanzhang sighed softly, but nodded helplessly.

This is a fact, and it is a fact that is not controversial at all.

Copper mines in the world are not only rare, but also difficult to mine.

But the role of copper in the world is extremely extensive. In addition to being a currency for transactions, it also plays a very important role in the world.

Moreover, this is not only copper, but also gold and silver, which are scarce and rare.

"Therefore, gold, silver, and copper cannot be used as the main trading currency. Instead, currencies belonging to the Ming Dynasty must be recast to replace gold, silver, and copper."

Xiao Han turned to look at Zhu Yuanzhang and said again.

“Re-enactment of currency.”

Zhu Yuanzhang's eyes flashed with emotion. "What you want to say is Jiaozi from the Northern Song Dynasty, right?"

But compared to Zhu Yuanzhang's move, Zhu Biao frowned and said: "But historical records have proven that the birth of Jiaozi was just a flash in the pan and should not be taken seriously."

"You are right, but not entirely right."

Xiao Han shook his head.

The birth of paper money is the inevitable development of the times!
Jiaozi was born in the Sichuan area during the Northern Song Dynasty. This was because the ancient Sichuan area had inconvenient circulation of coins due to the geographical obstruction.

So wealthy merchants created a kind of paper currency that could represent "precious metals" for circulation - Jiaozi.

Initially, these Jiaozi were not officially recognized by the Northern Song Dynasty, but were "private Jiaozi" created by wealthy private merchants. They jointly agreed to use unified paper, format, and patterns to facilitate trade.

However, not long after, the Northern Song Dynasty established Yizhou Jiaozi Service in Yizhou and issued Jiaozi worth 120 million guan for the first time.

Subsequently, this event was hailed as creating the history of world paper currency.

Moreover, for Jiaozi, in order to prevent inflation and various reasons in the Northern Song Dynasty, another 36 guan of iron money was set up as a reserve fund to ensure its stable value.

So why is Jiaozi still coming to the end of the times?

Because of two points, first of all, the exchange ratio between the old and new Jiaozi was imbalanced. This was due to the Northern Song Dynasty's abuse of public trust and excessive issuance of Jiaozi, which led to an increasing gap between the value of Jiaozi and the actual reserves.

Secondly, Kou Yao, the governor of Yizhou, mistakenly believed that Jiaozi was the source of economic risks and civil unrest. Therefore, after he took office, he decisively decided to abolish Jiaozi, close Jiaozi shops, and resume the use of iron money.These two factors combined led to the demise of Jiaozi.

Therefore, this can only be attributed to improper upper management, and it does not mean that there is something wrong with Jiaozi itself.

After all, after the Northern Song Dynasty, the emperors of the Yuan Dynasty also understood the benefits of issuing banknotes, and the banknotes of the Yuan Dynasty were called "chao".

Moreover, during most of the Yuan Dynasty, no copper coins were minted, and the use of previous generations of copper coins was prohibited, so that banknote became the only universal legal tender.

But the emperor of the Yuan Dynasty couldn't play with banknotes. He was somewhat restrained at first, but later he became messy and printed them at will, making the "banknotes" of the Yuan Dynasty quickly turned into waste paper.

When Xiao Han thought of this, he glanced at Zhu Yuanzhang again. Compared with the emperors of the Yuan Dynasty, Zhu Yuanzhang was the most playful. On the basis of "money", he added a "treasure", which is known to all later generations. The Ming Dynasty treasure banknote.

It's just that Lao Zhu is worthy of his surname and his status as a "gangster". Compared with the Yuan Dynasty, it is more terrifying. On the one hand, he prints treasure banknotes without restraint. On the other hand, he stipulates that people should use treasure banknotes when paying taxes. It cannot exceed [-]%, and the other [-]% can only be paid in kind or in money.

This thing just prints money and does not recycle it. Therefore, the Ming Dynasty's paper money depreciates faster than the Yuan Dynasty, and it cannot keep up with a piece of waste paper.

Moreover, in order to ensure the issuance and circulation of Ming Dynasty treasure banknotes, Zhu Yuanzhang not only prohibited the circulation of gold and silver among the private sector, but allowed the payment of taxes, he also completely stopped the production of copper coins.

Therefore, Ming Dynasty treasure banknotes became waste paper, copper coins were not issued, and the people spontaneously used gold and silver as currency.

Silver, which was originally only used for bulk transactions, gradually and spontaneously used broken silver as the main currency in circulation after the Ming Dynasty, due to a series of shady operations by Lao Zhu.

Xiao Han's eyes flashed with helplessness. Due to the limited mining technology in ancient times, China was not only short of copper, but also short of silver. Therefore, the supply of silver mainly relied on the inflow of foreign trade.

However, a large amount of silver poured into the Ming Dynasty like a tide, and then a large number of commodities poured out. As a result, in the middle of the Ming Dynasty, some scholars estimated that the amount of silver in the Ming Dynasty at that time was firmly the first in the world.

But this is using a huge amount of commodities in exchange for a pile of money that cannot be eaten or drunk. The total amount of commodities is reduced, but the currency is constantly increasing, which has led to the private economy being in a state of inflation.

Regarding this point, Xiao Han remembered clearly that in the sixth year of the Ming Dynasty, one tael of silver could buy a load of grain.

The fundamental reason is that during the Hongwu period, the imperial court had lost the right to mint coins and passively accepted silver as the main currency. Therefore, the Ming Dynasty's economic system completely collapsed.

　Brothers, today’s update is a bit late, but it doesn’t matter, I still ask for monthly votes and recommended votes. I thank you dear brothers!
　　
　
(End of this chapter)