Daming Town Haiwang

Chapter 2031, big bankruptcy
Before this time, the gentry class in Ming Dynasty basically relied on the many fields in their homes to support them. Fields are fixed assets. Although the output is very limited throughout the year, everyone has no debts.

On the contrary, with the development, the gentry class owns more and more land, and gradually the land of the entire county in many places may belong to those few gentry families.

In such a situation, what they have to do is very simple. One is to continue to support the family's children to study, study and take the imperial examination to become an official, and then continue the family's glory.

The other is to continuously acquire more land, because only with more land can more tenants be collected, and the family can control more wealth.

Under such a set of models, land is the most important thing and the core asset. When everyone has money, they will use it to buy land, or bury money in the ground.

But now with the rapid development of capitalism and colonialism, everyone sees another way to get rich quickly.

That is to set up factories, commercial firms, go overseas to colonize, etc. Among them, especially to set up factories, it does not require much land, but it requires a lot of capital investment.

With the start of the machine, money flowed in like flowing water, and the emerging capitalists surpassed the previous gentry class in a very short period of time, surpassing their accumulation of generations, and quickly became the richest people in Ming Dynasty.

Emerging capitalists, they wantonly expand, they are obviously rich, but they still continue to borrow from the bank, and use the borrowed money to rapidly expand more factories and involve more industries.

Wealth is like a snowball, rolling up rapidly, becoming bigger and bigger, and the gap between the traditional gentry class and them is rapidly widening, and it is getting bigger and bigger.

At the same time, with the external expansion of Ming Dynasty, a large amount of territory was included in Ming Dynasty, and the population of Ming Dynasty immigrated to overseas and outside the customs, which intensified the collapse of the traditional gentry class.

The land in their hands is gradually uncultivated, and the grain handed in by the tenants is becoming less and less valuable, because the grain production in overseas, outside the customs and other regions has begun to grow explosively under the model of mechanized farming, and the price of grain has gradually fallen.

The traditional farming and reading heirlooms have gradually declined and cannot adapt to this new era, which in disguise has pushed these gentry classes to gradually move closer and develop towards capitalists.

More and more people, whether they are capitalists or traditional gentry bureaucrats, are gradually integrating into the new social development, opening factories, running commercial banks, and overseas colonization.

They no longer save as much money as before, and bury it in the ground for later use. Instead, like capitalists, they start to expand crazily. What if there is no money?
Loans, Daming First Bank's loans are absolutely very cheap in this era. You must know that private loans have always been out of nine out of [-] out of [-] out of [-], and this is still conscientious.

Daming First Bank’s loan interest rate is even lower, less than 10% per annum. Capitalists like bank loans most, and the interest rate is low. In this era of rapid development of capitalism and industrial revolution.

Once you get the money, you can make money quickly and repay the loan casually.

Who wants to bury silver in the ground like a fool?
At least it must be stored in the bank, and there are still a few points of interest this year.

Seeing other people build factories with money from the bank, and quickly turn from a poor boy to a rich man, even the most conservative people can't help but follow suit.

After tasting the first bite of the cheese of capitalism and the industrial revolution, I couldn't stop at all. The loans increased and the factories, commercial banks, etc. became bigger and bigger. Invisibly, it was like the enterprises of later generations, with debts and cash. Flow has become the most important thing.

Once a certain link is broken, a seemingly huge industry may collapse in a blink of an eye.

At this moment, so too are the industries of these old school officials.

Originally, they just saw a lot of benefits, and thought of relying on the power in their hands to re-divide the cake, gain more shares, and want to catch up from behind.

However, he did not expect that his family's seemingly huge industry would have such a fragile side, and it would face collapse immediately after being pulled from the bottom by the Daming First Bank.

Soon, the old-fashioned faction sent a soft signal to the hard-working faction, and did not mention such things as oil, gold mines, etc. being owned and operated by the imperial court.

Bringing up this matter again, there may be more deaths. Those gold mine owners, silver mine owners, and oil field owners on the Golden Island are all bad guys. They have already been warned, and if they continue to be stubborn, it is estimated that by then Many more people will die.

Even if the Chief Envoy of the Golden Continent is investigating this matter thoroughly, but in the end, there is no result after investigation. Mines, gold mines, oil fields?

At the same time, it is also no longer mentioning the matter of suppressing new students. If you mention this matter again, your factories and businessmen will be wiped out, and those new students will not want to work for you?
Who will do technology for you, repair machines and so on?

The news also reached Liu Jin in his hometown in the first time.

"Is this softening?"

"Sure enough, the ass decides the head!"

"The industry in this family is the most important thing. As for the family and the world, it doesn't matter to them at all."

"Thinking about redividing the distribution of the cake by relying on the power in your hands, but not thinking about how to make the cake bigger and stronger."

Liu Jin couldn't help laughing when he read the latest telegram.

These traditional civil servants have always been like this. It is difficult to make the cake bigger and stronger, but it is much easier to divide the cake with power in hand.

It's just that the times have changed, not only the emperor enjoyed the biggest dividend of the times, but the military generals and civil servants below also enjoyed the dividends of the times.

If you move everyone's cake, you will naturally be opposed by everyone.

There are many things that Liu Jin does not need to order, and everyone knows how to do them.

Thinking about what happened on the Golden Island, Liu Jin didn't mean it at all, and they had already launched a counterattack.

If these people above the government and the opposition are still stubborn, determined to suppress Xinxue, and still want to rely on the previous methods to snatch the cake.

Even if the court cannot beat them, if this develops slowly, a bourgeois revolution will inevitably occur at that time.

The new type of bourgeoisie will not just stand by and watch their own interests being encroached on. They have grown and grown. They are no longer the small seedlings before, but have become towering trees, rooted in the soil of Ming Dynasty.

"It's useless to be soft, you must teach them some lessons."

"Notify them and don't give them a chance."

Liu Jin thought about it and decided not to give them any chance.

Even if it is because of these people's fierce counterattacks, it doesn't matter anymore. Liu Jin believes that the current power of the bourgeoisie is enough to easily overwhelm them.

What's more, above the ruling and opposition parties, Emperor Hongzhi, who has benefited the most, has never expressed anything. Things that really touch the interests of Emperor Hongzhi absolutely cannot get his consent.

Therefore, there is no need to worry about anything, and nothing major will happen.

There are also a lot of hard-working officials from the ruling and opposition parties, and there is also the support of the generals and honorable groups.

The atmosphere above the court changed quickly, but what the conservative officials did not expect was that the practical side did not intend to let them go.

Soon, the Da Ming Daily began to report that some factories and commercial firms had cut off funds and could not pay workers' wages.

All of a sudden, the conservative officials were also very busy.

In order to raise funds, they also had to start selling off the family assets continuously. The fields, real estate, shops, etc. handed down from the ancestors were sold off at a low price.

However, this is a steady stream of gaps for them, and the antique calligraphy and paintings, stocks, shares, etc. in the home are also constantly being sold.

The entire Beijing-Tianjin region and even Daming knew about the situation of these conservative officials.

Liang Shangshu, who used to go up and down in a car, should now ride a bicycle. It is called exercising, but he is reluctant to hire a carriage, because the family really has no money.

You must know that even women's gold and silver jewelry are sold at home, in order to raise enough funds to keep the most important core assets.

It's just that these conservative officials have offended too many people, especially the emerging bourgeoisie and colonists. They are the richest people.

Offended these people, even if they sell their assets cheaply, there are very few people who dare to take over, especially factories, oil fields, commercial banks and other large assets, ordinary people cannot take over, only those who have strength Ability to take over.

But now everyone is targeting them, so naturally no one will take over.

The conservative officials can only watch helplessly, even though the members of their own family have sold almost all their assets, they still cannot gather enough funds, and they can only watch helplessly as the bank transfers their family's assets. The factories, oil fields, commercial firms, land, gold mines, etc. were confiscated.

Almost overnight, these conservative officials went bankrupt one by one, like hairless roosters. The huge wealth accumulated by the family for generations disappeared in a blink of an eye, and they could only watch other people eat and drink. But my own family can eat bran swallowed vegetables.

Even the women in the family were all glamorous and wealthy in the past, but now, all of them have sold off their gold and silver jewelry, and they can't leave the house. It's really shameful.

(End of this chapter)