Qiming 1158

Chapter 1295 The Ming Dynasty Has No Money Shortage
In order to deal with the possible food problems, the experienced Zuo Ming requested in advance to transfer some stored grains from Henan Province and other places to Sichuan Province by water transportation.

When you come, you have to make a lot of fanfare, beat gongs and drums, and do a lot of propaganda, so that everyone along the way can see, know, and understand how much food the Daming government has transported from other places.

In this way, it can not only increase food savings, but also increase the trust of the people who just joined the Ming Dynasty in Sichuan and Shu, and improve their perception of the Ming government.

In the end, he never accepted the rule of the Ming Dynasty. He believed that these people were somewhat wary of the Ming government.

This kind of alertness needs benevolent government to dispel, and the best benevolent government is to ensure that everyone has food to eat and that no one will starve to death.

In the feudal agricultural era, this is good. As long as agricultural production resumes, commercial and economic activities can resume sooner or later. In the end, the scale is still small and the involvement is small. The main event of the national economy is agriculture.

Therefore, as long as we fully develop agriculture to restore production and persuade farmers to cultivate, people will not starve to death, then it is only a matter of time before the Sichuan and Shu regions restore stability, and everything will eventually return to the established track.

As for business and economic issues, Zuo Ming, who has been in charge of Henan for five years, also has a lot of ideas about it.

The people of Henan never trust Jiaozi and Huizi used by Song, but copper coins, and white notes that the Ming court borrowed and issued to the common people due to insufficient funds.

Baitiao has almost become synonymous with paper money in Henan, not just a symbol of government debt.

Zuo Ming is very clear that with the completion of the Yellow River project, the life of Jiangnan Kingdom will also come to an end, so whether it will become history.

The attitude of the Ming court towards Jiaozi and Huizi was very disliked. In the main social and economic activities of the Ming country, the government never accepted any currency other than copper coins, including Jiaozi and Huizi. Not accepted.

Therefore, even if there are people who use Jiaozi and Huizi, they still exist in transactions with Jiangnan.

Judging from the news Zuo Ming has received so far, the Zhongdu court is planning to rectify the entire country's economy after the destruction of the Jiangnan Kingdom, and gradually withdraw the baitiao from the circulation field and replace it with the Daming treasure banknotes with copper coins as reserves.

Su Yonglin held several national economic conferences in a row at the beginning of the eighth year of Hongwu to discuss economic issues after the country's basic reunification, including the crucial currency issue.

The result of the meeting is that before the great voyage achieves certain results, and before the country can stably obtain a large amount of gold and silver, there must be a temporary monetary strategy that can replace the current monetary system.

After many discussions, the economic meeting gradually reached a consensus.

That is to abolish iron coins, Jiaozi and Huizi, and mainly use copper coins and Daming treasure banknotes as the official legal tender of Daming.

And through a period of preparation, all the copper coins from the Northern and Southern Song Dynasties and any other eras that were excavated were gradually returned to the furnace and recast into a brand-new copper coin [Da Ming Tong Bao].

Through the presentation and research of Shanghai's data at the meeting, the Central Capital Economic Conference basically determined that the worsening money shortage in the Northern and Southern Song Dynasties was related to China's own lack of copper reserves, but it was not the main problem during this period.

During this period, the productivity level of the Northern and Southern Song Dynasties and the degree of development of the commodity currency economy were not enough to make the problem of copper deficiency the main reason for the shortage of money in the Northern and Southern Song Dynasties.

The normal functioning of the economy during this period will not expose the shortage of copper reserves as a major drawback, or at all, will not expose the problem of insufficient copper reserves.

In addition to the problem of insufficient copper reserves, the economic conference also concluded three main reasons for this phenomenon: [outflow of copper money] [the prevalence of hiding money] and [destroying money casting tools].

The outflow of copper coins is easy to understand.

Song copper coins are well-cast, stable in quality, and based on Song's strong economic strength, so they have strong purchasing power and are generally trusted currencies in international trade. The surrounding countries are limited by their own casting technology and economic scale. Song copper coins to engage in trade.

In addition, the purchasing power of Song copper coins in foreign countries is stronger than that in China. Therefore, even if the emperors of the Northern and Southern Song Dynasties strictly prohibited the outflow of copper coins, a large amount of copper coins continued to flow abroad through trade, smuggling and other channels, and circulated in foreign countries.

Among them, overseas is not the main direction of the outflow of copper coins. Song copper coins taken away through sea trade are far less than expected.

The Liao Kingdom, Western Xia, Korea, Japan, and later the Jin Kingdom, these co-located countries in the mainland are the main directions for the outflow of copper coins. In other words, these countries and regions are important promoters of the money shortage in the Song Dynasty.

They would take a huge amount of copper coins from the Northern and Southern Song Dynasties and put them into circulation in their own countries through annual coins, livestock trade, etc., so that the Northern and Southern Song Dynasties did not have so many copper coins to circulate.

There is no doubt that this is one of the important reasons for the shortage of money.

Regarding this issue, the Central Capital Economic Conference believes that the Liao Kingdom has long been over, and the Jin Kingdom and Xixia have been destroyed by Daming. The economies and coins of these areas have been unified by Daming, and Daming has obtained a large amount of copper coins officially stored by various countries.

Although Korea and Japan still exist, these two countries are small in size, and the amount of copper coins taken away is far from the amount of copper coins owned by the Jin Kingdom and Xixia, so the problem is not that big, and it’s okay to ignore them for the time being. Big deal.

Therefore, the problem of the outflow of copper coins has been partially solved.

In the future, with the advance of the military, this problem will be further solved. The split outer loop in the mainland will eventually be solved by a unified inner loop, and the outflow of copper coins will no longer be a problem worth discussing.

And the problem of the prevalence of money hoarding is also well understood.

In the middle and late Song Dynasty, the government was chaotic, administrative efficiency was low, and economic problems became increasingly incapable.

In particular, after Song Ting discovered that paper money was profitable, he always over-issued paper money, which led to unstable currency values, and often collapsed, making people no longer trust paper money.

Copper coins are the hardest hard currency.

Therefore, the common people began to store copper coins to protect against risks.

On the other hand, of course, the corruption and incompetence of the Song Dynasty allowed the privileged class to gain a lot of wealth, but they held huge wealth but did not have the corresponding commodities to consume, so this part of the money was deposited and became their savings.

The scale of their hoarding of money is often tens of thousands, or [-], like a terrifying gold-devouring beast, swallowing a large amount of copper coins circulating in the market without spitting it out, which makes the money shortage in the market more and more serious.

As for this problem, the Zhongdu Economic Conference believes that under the rule of Daming, this problem has been well resolved.

Because Daming carried out a land revolution, the gold-eating beasts were physically eliminated. After the gold-eating beasts were wiped out by the revolution, their family property and the huge amount of copper coins they stored were also included in the national savings of the Ming state.

Through recourse, the Ming government unearthed a huge amount of copper coins hidden in the houses of landlords and tyrants.

The Ming government did not have the bad habit of swallowing gold beasts, and was keen on construction and restoration.

Through the great construction movement in these years, the Ming government has continuously invested the vast amount of copper coins it has obtained into the private sector, and hundreds of thousands, tens of millions of tens of millions of dollars have been thrown into the private sector, making this money return to the field of circulation.

There was plenty of copper coins in circulation, so there was no shortage of money in the Ming Dynasty.

(End of this chapter)