this novel is healthy

Chapter 1526: The Third Year of Zhenguan
At the same time, even the most picky Yuwen Chan had to admit that these three years were the smoothest and most perfect three years for the development of the Great Zhou. In these three years, this little emperor, without touching the interests of the major bureaucratic and aristocratic groups, actually perfectly achieved the development of people's livelihood and economy, and the lives of the people were greatly improved.

At the same time, he invented a word called economy and created things like the Royal Bank of the Great Zhou Dynasty. Money houses are not rare, they already existed during the Han Dynasty, but they could only provide deposit and withdrawal services, and they were local deposit and withdrawal services.

In addition, because the function of the money house at that time was only to keep the finances of the users safe and to compensate the money in full in case of theft, the fees charged by the money house were extremely high. On average, they charged up to 2% as a custody fee per year. Any more would almost be as high as the interest of usury.

However, the Great Zhou Royal Bank actually said that it would provide free deposit services, without charging any custody fees, and guarantee the safety of finances. Most importantly, the Great Zhou Royal Bank also provided cross-regional deposit and withdrawal services. As long as you hold the banknotes of the Great Zhou Royal Bank, you can withdraw the corresponding money in any state or county.

Such an awesome service without any waste!!!
More importantly, the court also announced that all of the court's financial affairs would be transferred to the Great Zhou Royal Bank. All tax-related silver would be directly deposited by local government offices into the official account of the Great Zhou Royal Bank, and then directly remitted to the court.

In other words, the actual gold and silver remained in the safe of the local bank without moving, but the money had already been magically delivered to the imperial court, saving a large amount of money specifically used to transport the gold and silver.

That’s not all. What’s even more outrageous is that grain, cloth, metals, etc., which are traditionally bulk materials that the government is responsible for transporting, were all converted into gold and silver according to the unified price announced by the court and deposited in money houses.

In this way, the imperial court did not need to actually transport any food and supplies. The traditional agricultural taxes, cloth taxes, etc. were all paid in the form of gold and silver, while the real food, cloth, etc. were all circulated among the people and never entered the imperial court's warehouses.

As a result, a large amount of grain that was originally wasted in transportation and government warehouses was put into the free market. Even if someone wanted to hoard such a large amount of grain, they could not eat it all. In the end, the grain price of the entire Zhou Dynasty dropped at an alarming rate, from the original one stone of grain to 2 guan.

The price was directly reduced to 400 wen per stone of grain, a reduction of 20% of the original price.

Of course, it would not work if the court’s warehouses were completely without any grain reserves, after all, the army needed food to fight, so Yuwen Chan introduced the unprecedented salt permit system.

Because salt was controlled by the government, and the southern region, where a large number of industries were located, was in the hands of the Chen Dynasty, the price of salt was very high and the profits were also very amazing. Originally, the sale of salt was controlled by the government, and countless people manipulated it, causing the price of salt to reach an extremely outrageous level.

Yuwen Chan directly announced that he would give up the official management of the salt industry. After all, with the establishment of the money bank industry, the small amount of money from the salt industry was no longer worth it. Instead, the sale of salt was entirely handed over to merchants.

However, the source of salt production and the market for trading with the south were controlled by the government. If one wanted to buy salt from the government, one had to obtain a salt permit, and the salt permit was required to complete various tasks issued by the government.

For example, if a granary in a certain place is short of food and a batch of food needs to be transported there, then merchants will be needed to purchase the food, then find a way to transport it to the destination, and then exchange it for salt permits from the local government, etc.

It was not just food, but other materials needed by the court could also be delivered to the people in this way, which gave rise to a large number of freight escort companies in the later period. In the end, even the court's daily salaries and various subsidies were all converted into silver notes... The Ministry of Revenue directly delivered the silver notes to each official, and the officials could directly take the silver notes to the money houses to exchange for gold.

In this way, the entire Zhou court would not need to bear any physical transportation, as well as the various losses caused by drifting in the process, etc., which saved the Great Zhou a huge amount of trouble and fully mobilized the enthusiasm of private business.

The originally lifeless Great Zhou Dynasty suddenly began to revive.

At the beginning, many people were worried that this would be too troublesome. After all, every time they needed to use silver or copper coins, they had to go to the money house to deposit and withdraw money. However, after the first year, the Great Zhou Royal Bank strictly carried out various exchange businesses in accordance with relevant regulations.

Gradually, officials and common people were no longer willing to go to the bank to get silver notes, copper coins, or gold and silver to spend, but to spend directly with silver notes. After all, silver notes can be exchanged directly in the bank, so why go an extra trip?

At the beginning, the wealthy families were somewhat resistant, but the amazing benefits brought by the money banking industry were something that no entity could resist. In the end, for convenience, a large number of wealthy families stored all their gold and silver in money banks.

At this point, the entire Great Zhou Royal Bank was completely established. Although the Great Zhou did not increase any taxes, the court had endless money... Of course, Yuwen Chan was not shameless enough to issue large quantities of silver bills. Instead, he opened up the mortgage function. The Great Zhou Royal Bank directly lent money to the people and officials, and the interest rate was about half of that of traditional usury.

The result is naturally continuous money making money. The income from one year of Big Zhou is comparable to the income from the previous five years.

At the same time, Yuwen Chan also promoted the development of various productive forces in a great way, and all kinds of novel gadgets emerged one after another. It took only three years for the Great Zhou to change from a poor situation to an extremely wealthy state. Both the people and the court accumulated a large amount of production materials, and at the same time, the armies in various places were constantly training.

Except for the insufficient population, the economic and social prosperity of the Great Zhou Dynasty at this time almost surpassed the Zhenguan period in real history.

The main reason why the policies of the Great Zhou Dynasty could be implemented so smoothly was naturally because of the time traveler Yuwen Chan. Standing from the perspective of the Emperor of the Tang Dynasty, he clearly knew the various social problems in the early Sui Dynasty, as well as the attitudes of various forces, etc.

Therefore, he can accurately grasp the core of the contradictions in the whole society and the interests of the major families, and then use various means to achieve his goals.

Not to mention that Li Shimin himself has also been to the author's world and the White Elephant world, and Li Shimin has seen all kinds of things of modern civilization with his own eyes.

And the most important thing is that these things also appeared in the Qin and Han dynasties, and they have a complete development trajectory, as well as various problems, drawbacks, and solutions that appeared in the development process... Everyone says that hindsight is the most terrifying, but are you afraid of Li Shimin afterwards?
(End of this chapter)