Thanks to Ma Jia’s relatives and friends for the tips. Bye!
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The Americans of later generations controlled the whole world by controlling finance. The importance of the financial system cannot be overstated.
In order to complete the industrial revolution, in addition to the original capital accumulation, a relatively complete financial system is also needed to support it.
If the copying method had been changed again and again as it was done by Zhu Yuanzhang and Hongwu, and every change had caused countless people to lose their fortunes, let alone the Industrial Revolution, it would have been a blessing if the country did not collapse.
The currencies currently circulating in the market are very complicated, including copper coins from the Ming Dynasty, silver of various qualities, copper coins from the Qin Dynasty, banknotes, checks, and silver bills issued by private banks, etc. They have different specifications, chaotic circulation, and cumbersome conversion, which has caused great resentment among the people.
Before he ascended the throne, Qin Mu tried to issue one million strings of paper money, hoping to unify the currency of the Qin Dynasty and improve the financial system of the Qin Dynasty as soon as possible.
But now it seems that ideals are full of hope, but reality is very skinny. It is not that easy to improve the financial system.
Xu Yingjie, the left assistant minister of the Ministry of Revenue, said: "Your Majesty, the one million coins of paper money that have been issued cannot be abolished in any case. The mistake of issuing treasure notes during the Hongwu reign of the Ming Dynasty must not be repeated in our dynasty."
Liu Boquan also nodded and said: "It takes time to build credibility, but it is very easy to destroy it. I also think that we must persevere no matter what.
In order to prevent the people from suffering more exploitation, the originally issued paper money would flow back to the court and when it was re-released in the future, it would only need to be consciously released around the capital.
At present, the bank branches around Nanjing have basically covered all prefectures and counties, and people can easily exchange money at banks. The depreciation rate is relatively small, and supervision is also easy. "
Yang Chao said: "As for issuing some additional banknotes with restricted circulation areas, I think it is feasible, but the number should not be too large. It is better to follow the principle of slow progress and wait until the credibility of the banknotes is established bit by bit."
Xu Yingjie added: "The court could link paper money with salt permits, stipulating that when salt merchants pay salt to the official salt field, they must pay all or part of the paper money. In this way, when they sell salt, they must collect more paper money. The big salt merchants will ask the small salt merchants for it, and the small salt merchants will also take the initiative to ask the people for it."
Liu Boquan said: "This is a good idea. Salt is a necessity for every household. As long as the salt merchants take the initiative to ask the people for paper money, the people will not have to worry about the paper money being useless."
Qin Mu agreed, but there would definitely be problems in its implementation. After all, we are not implementing a planned economy now, and regulating the market by force is not necessarily effective. The so-called credit currency is about the word credit, and credit is often not something that can be obtained by force.
Qin Mu conservatively estimated that without ten or eight years of persistence, it would be difficult to fully establish the credibility of paper money. In other words, it would be impossible to issue a large number of paper money in the next ten or eight years.
Qin Mu sighed and said, "With the establishment of Hangzhou, Quanzhou, Guangzhou and other Maritime Customs Offices, the circulation of our Great Qin commodity economy has become larger and larger. However, the currency is not unified now, and private money is rampant. The exchange of silver and money is cumbersome, and ordinary people are always inferior to merchants in judging the quality of silver and copper coins, and ordinary people are always the ones who suffer.
The entire financial and monetary system is full of problems. It seems that it is unrealistic to use paper money to unify the currency in the short term. I worry about it day and night. I decided to mint silver coins as a transition, first unify the currency in the market with silver coins, and eliminate the drawbacks brought by the complexity of the currency. "
Xu Yingjie immediately said: "I think it is feasible. The advantage of minting silver coins is that unlike paper money, it can only be circulated domestically and can also be used for foreign trade."
Qin Mu also thought of this, but silver coins are still considered hard currency. Even if they are circulated in various countries, it is impossible to use them to control the financial economy of various countries.
This can only be achieved with credit currency, just like the US dollar in later generations. The appreciation and depreciation of the US dollar can be used to plunder wealth from various countries in disguised form. This is difficult to achieve with hard currency.
Therefore, the silver dollar is only to solve the problem of currency unification. If we want to control the world's finance, we must eventually transition to credit currency.
Qin Mu does not need to be very experienced in financial operations, but this is an opportunity given to Daqin by God. As long as he slowly explores now, he can always maintain absolute advancement in the world, and it is foreseeable that he will eventually control the world's finance.
Qin Mu and Liu Boquan discussed the issuance of silver coins and the silver coin law again and again. Then they asked Xu Yingjie to go back and draft the implementation details, which would be submitted to the court for discussion when the regular court was held two days later.
The next morning, a globe with a diameter of two meters appeared in front of the government offices of various departments of the Qin Dynasty. When civil and military officials went to the government offices, they would stop to take a look.
The officials from the six ministries on the east side of the Qianbu Corridor on the Imperial Street looked at this and felt inexplicably aggrieved. How could our great Celestial Empire be so small? Was there some mistake
What? This is Portugal. Is it that big? How dare you come all the way here and act like a tyrant under the nose of our Celestial Empire
The civil servants looked at the globe with mixed feelings.
In front of the Five Military Governor's Office on the west side, Liu Meng and other generals looked at the globe and felt much more relaxed;
Ah! There is such a large area? Good, great! His Majesty said that this Nanyang is just a bathing pool in His Majesty's imperial garden, so... so... does that mean that we still have many opportunities to make achievements!
Some people also cursed, saying that Gu Rong was in for a good time. Who was he? He was just a pirate leader. Now, he had taken back a province for His Majesty in the blink of an eye. Why didn’t we have such a good thing
Don't worry, don't worry, you see, Dongwu Country is here, it's really not small, damn, such a large area, we have to send our army to fight... ..
Setting up a globe in front of each government office was just an idea that Qin Mu came up with on a whim, but the effect it brought was something he never expected;
From then on, the officials of the Qin Dynasty would see the whole world every day when they went to the government office. They were influenced by what they saw and heard, and their arrogant mentality faded. A new worldview could easily take root in people's hearts, making them more yearning and curious about the world outside the Qin Dynasty.
Scholars and ordinary people in Nanjing have been talking about Luzon these days. You can hear people saying things like this everywhere on the streets: "Hey, did you know? Daqin has gained another province?"
"I know, Luzon, but I heard it's overseas, far away, it has nothing to do with us."
"Far? Far ass, I've checked, it's only a pinch away from Nanjing."
"Neuropathy."
"You don't believe it? Come with me and I'll show you."
Huang Zhenlin learned from his experience and not only erected a globe in front of each government office, but also erected one in front of the Confucius Temple on the east side of the Imperial College. The diameter of the globe was even larger, at one foot.
Students from the Imperial College and common people in the city gathered in three layers inside and outside to watch. Many people couldn't help but measure the distance from Luzon to Nanjing with their hands. Well, it was really about that far.
The most intuitive feeling a globe gives people is that the whole world is right in front of you, making you subconsciously feel that overseas is no longer so far away, as if the land beyond the sea is just around the corner.
There is a saying that goes: Vision determines everything.
The people of Daqin have broadened their horizons. When they feel that the world is no longer so far away and no longer full of unknown fear, what will happen to them? This is a question worth looking forward to.
It is said that Chinese people love their hometown and have a strong sense of hometown. But in fact, even in the era of closed borders, Chinese people have traveled all over the world.
Especially in places like Southeast Asia, although there have been repeated anti-Chinese incidents and the Chinese have suffered a lot, the people have never stopped traveling. Does anyone know how many Chinese there are on the islands of Southeast Asia
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While the country was still hotly discussing Luzon Province, on Luzon Island, the merchants of Daqin were the first to know when the water in the river warms in spring. At this moment, merchant ships were gathering and the Port of Manila was bustling with activity.
Luzon Island has extremely rich products, including various precious spices, wood, medicinal materials, local products, corals, pearls, etc., all of which are coveted by merchants.
In the past, Luzon Island was controlled by the Spanish, and the merchants of Daqin could only buy it from others at high prices.
Now, the entire Luzon Island belongs to Daqin.
Products produced on Luzon Island are naturally much cheaper.
In order to attract merchants, Luzon Island also exempted transaction taxes, which made merchants from Daqin even more flocking to it.
A large number of caravans flocked in, which not only made Manila prosperous quickly, but also solved the supply problem of the military.
Gu Rong's East China Sea Fleet returned with all kinds of supplies and, of course, more than a thousand Spaniards. Gu Rong had released Captain Thomas and asked him to go back and inform Philip IV of Spain to pay the ransom.
Governor Andre, Bishop Naren, and military commander Pico were all paid 20,000 taels of ransom each, not a penny less. The rest of the Spaniards were paid from 1,000 to 100 taels each, depending on their position.
There are also warships, which can be redeemed at 50,000 taels each. If you want to redeem them together with the cannons, the price will be negotiated separately.
What would Philip IV do? Would he send the Spanish Armada to launch a massive expedition against Qin
Gu Rong and others were filled with infinite longing. They really hoped that Leli IV would raise an army in anger and launch a large-scale expedition to the East to continue delivering food.
There were only 10,000 troops from the South China Sea Fleet left in Manila. Zheng Sihai organized 5,000 servants and asked Aquino, the general, to chase monkeys in the deep mountains and forests.
Zhao Han, the deputy chief, was both a father and a mother. He was busy settling the natives who had moved to the plains, and trading with the merchants who flocked to the plains. He was busy every day...
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ps: I opened a single chapter today to ask for votes, but I still didn't get many monthly votes. Brothers, it's already the 11th, and the monthly subscription tickets haven't come out yet? Or I voted elsewhere... ... .. Uh, we singles are pitiful enough, so during this big holiday, please support me and ask for monthly tickets!
.(To be continued..)
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