Daming Town Haiwang

Chapter 1657, the importance of money circulation

"woooo~"

On the train going south, Liu Jinzheng was lost in thought while looking at the scenery outside the window.

"It was really an accident. I thought that the 2000 million taels of silver might not be able to be raised, and the prince would have to pay the silver at that time. Who knew that enough funds could be raised so smoothly."

"And it's not enough to sell. Many people who didn't buy stocks even made a fuss."

"It seems that the popularity of the Daming stock market makes investment seem a little irrational. The Nanjing Yangtze River Bridge has a large investment, and the income is not much short. There is no way to compare with the Egyptian Canal, but it still attracts a lot of investment, even overseas. The vassals came back to invest a lot."

"And recently, Tianjin's stock market has been rising continuously. This must be related to the emergence of the telegram. With the telegram, the exchange of information between various places is more convenient and faster. Even after the bank has the telegram, , the flow of wealth has become faster.”

"That's good. Daming's infrastructure has just started. There are still a lot of railways to be built. If someone is willing to invest, then the construction of railways will be faster. At least there will be no shortage of funds."

"Instead of letting those landlords' old wealth be buried in the ground, it is better to use it to invest in infrastructure, so as to promote the development of Daming faster."

Thinking of this, Liu Jin also smiled.

They set up banks and stock exchanges by themselves, of course, to gather Daming’s idle funds to do big things. This money is stored in the cellar, it is a lump, it has no value, and it can neither be nor drinkable.

But it is different when it is used. The role of money can be brought into play, and the funds can be continuously circulated. Factories, commercial banks, workshops, railways, highways, ports, reservoirs, dams, etc. can all be built with money.

These are all big projects, big projects, and many of them are major events that benefit the present and benefit the future, and are very helpful to promote the development of Ming Dynasty.

Moreover, these large-scale projects can greatly promote employment, and many people need to be used, which can drive employment and create wealth. The wealth of the entire country can snowball and grow bigger and bigger.

Also look at the promotion of technological development.

Taking the construction of the Nanjing Yangtze River Bridge this time as an example, it is definitely a huge challenge for Daming's construction engineering technology. If the Nanjing Yangtze River Bridge can be built, then there will be no problems and difficulties in building other bridges. Building a bridge It is enough to raise Ming's bridge construction technology to a new level.

In the past, these landlords, rich and wealthy people in Daming liked to build cellars, and then filled them with silver and gold, and even melted gold and silver into bricks to build walls and houses.

The wealth of the entire society is continuously gathered in their hands, and then buried underground by them. As a result, silver and gold in the society are always very scarce, and the currency is constantly proliferating, and at the same time, it is extremely lacking in circulation.

Once money lacks circulation, it loses its function and value, and brings huge problems to the society. The people at the bottom have always been poor, and the wealth created by society always depends on the one-acre three-point land, and dynasties often escape. Not three hundred years of reincarnation.

Therefore, Liu Jin clearly knew that the silver in Daming's cellar must be taken out, and let it circulate continuously in society, so that Daming's economy can be truly activated.

Otherwise, no matter how much gold and silver wealth was plundered from overseas colonies, the gold and silver would be buried in the ground immediately, and it would still not help and develop the economy of Ming Dynasty.

Now the stock market in Tianjin Stock Exchange is booming, which is also a good thing. You can get all the money from landlords and rich people. With this money, you can do anything, whether it is building infrastructure or building factories. It works.

Daming's economy was able to develop rapidly, and banks and the stock market played a very important role.

Almost every railway that is currently being built is a railway factory that raises funds through listing on the stock exchange, often tens of millions or even hundreds of millions of taels of silver.

If there is no stock exchange, if only the government of Ming Dynasty or private businessmen do it themselves, I am afraid that even now, Daming will not be able to build a few railways.

But it’s different with the stock exchange. The Ministry of Industry approves new railway lines every year, and railways start construction every year, from the earliest Beijing-Tianjin Railway, to Beijing-West Railway, Beijing-Liaoning Railway, and Jinnan Railway The South-Shanghai Railway, the Shanghai-Hangzhou Railway, the Jiangxi-Guangdong Railway, the Kaiwu (Kaifeng to Wuchang) Railway, etc., which have started construction so far.

All these railways require a huge investment, and they are all the main railway lines of Daming. When these railways are completed, they can basically form a railway network covering Daming.

For such a huge railway project, the silver needed is calculated in billions.

Don't even think about it without a stock exchange.

Although the imperial court has money now, there are many places to spend it. The annual infrastructure budget has a fixed ratio, and it has to be divided into cement roads, dams, reservoirs, ports, docks, etc., and the railway is only a part of it. .

As for the folks, there are few people who can afford such a huge investment in railways. Even Liu Jin, the God of Wealth, may not be able to build a few railways.

So we still have to rely on the power of the whole country to split the shares into countless shares through the stock exchange. You pay a little and I give a little. Huge funds can be raised quickly, and no matter how big the project is, it can be done stand up.

This is different from later generations.

Later generations mainly build infrastructure by releasing water. Simply put, it is to concentrate wealth through currency depreciation to build infrastructure. In fact, in the final analysis, it is still the power of the entire country to build infrastructure, because the water released is ultimately borne by the people. Of course, infrastructure After it is done well, it is the common people who enjoy the convenience.

All in all, they are all the same, that is to find a way to gather strength to do big things, get money out, let it circulate continuously, create more value, and promote social progress and development.

The only difference is that the Daming Household Department not only allocates funds, but also enjoys the returns brought about by the investment.

Taking the railway as an example, the Ministry of Finance basically takes the lead and holds the main shares. The income generated after the operation of the railway is also distributed according to the proportion of investment. The Ministry of Finance can share it from these huge infrastructure every year A lot of money, even the money is getting bigger and bigger, and the proportion is getting bigger and bigger.

This is a virtuous circle. If the household department has money to continue investing in infrastructure, the household department can continue to invest when the infrastructure pays off.

Of course, it still depends on the rate of return on investment. Of course, good railway lines can be profitable, but some railway lines are difficult to make a profit. Just like the high-speed railways of later generations, there are only one or two that really make money. Other railway lines are all It is operating at a loss. As for recovering the investment, I don't know that it will be a matter of the year of the monkey.

But even if it is a loss, some things still need to be done, because at the national level, it is not a matter of profit or loss at all, but a matter of consolidating the country and driving the development of a locality.

"Perhaps we should set up relevant state-owned enterprises and commercial firms under the Ministry of Household Affairs to do these things, as in later generations."

Thinking of this, Liu Jin thought of those state-owned enterprises in later generations, and couldn't help shaking his head.

Think about it or forget it.

Now Daming’s model is quite good, combining public and private, using private management, and public supervision, this model is also quite good, it can fully guarantee everyone’s interests, and can better promote development.

"Old Liu, this is the first time I have been to Jiangnan. I heard that there are many beautiful women in Jiangnan since ancient times. I don't know if it is true?"

Opposite Liu Jin, Zhu Houzhao was thinking about Jiangnan beauties, leaving Liu Jin speechless for a while.

After all, you are also a prince, the crown prince of Ming Dynasty, and there are already many women in the harem, whether it is from the south of the Yangtze River, from the north, from the Western Regions, from Nanyun Province, from North Korea, or from Japan. I know, I really don't know what to say about you.

"Isn't there a beautiful girl selected by Jiangnan in the harem of Your Highness?"

Liu Jin was speechless, no wonder this guy couldn't have children in history, it was specified that he got in touch with it too early and was too addicted to it, so he couldn't have children.

That is to say, he had time-traveled. After hearing what he said, Emperor Hongzhi forced him to be locked up until he was [-] years old, and he was released only after he was truly mature. Otherwise, he would go down the old road of history.

"I don't know who was selected by Jiangnan. Isn't it almost the same if you take off your clothes?"

Zhu Houzhao pouted and said.

"Your Highness, His Majesty didn't ask you to come to Jiangnan this time to find a woman."

Liu Jin was speechless again.

"I know, that's what I'm saying, don't worry, I won't forget the big things."

When Zhu Houzhao heard it, he immediately felt that it was boring, and he really couldn't talk about this matter with Liu Jin. He only had two wives, and he had bronchitis. How could he understand these things.

Liu Jin looked at Zhu Houzhao with disbelief on his face.

I just hope he doesn't harm too many girls this time, he already has enough women.

This trip to Nanjing is naturally to preside over the groundbreaking ceremony of the Nanjing Yangtze River Bridge, and at the same time inspect the flood situation on the Jiangnan side.

This year, the south of the Yangtze River suffered from the severe flood that occurred once in several decades, and the north suffered from severe drought. Emperor Hongzhi also attached great importance to this, so he also sent Liu Jin to Nanjing, and by the way, he also asked Prince Zhu Houzhao to go south to have a look and inspect the people's livelihood.

Let's see if the lives of ordinary people have been greatly affected after the flood in the south of the Yangtze River, whether there will be too much difficulty, and whether they need some support from the imperial court.

Emperor Hongzhi loved the people like a son, and always cared about the people of Li.

(End of this chapter)