People in the Ming Dynasty are lawless

Chapter 56 The first mistake of the Ming Dynasty’s financial system was the excessive issuance of treasure money!
He couldn't see it with his eyes, but he still wanted to explore the direction of Zhu Youwei.

I just want to tell Zhu Youwei, watch my performance.

"Actually, when it comes to the fall of the Ming Dynasty, financial constraints must have played a part."

After hearing this, Zhu Youwei's heart skipped a beat, and then she looked at her grandfather and father.

Sure enough, the expressions on their faces became extremely serious.

Ling Han felt very fresh after hearing this point of view.

He asked hurriedly: "Teacher Xiao Chen, you have to explain it carefully, I am very interested in this aspect.

If only I could solve this problem from your mouth.

Then if I go outside and talk to their superiors, they will admire me to death.

Then I will be the most knowledgeable among them all. "

Hearing Ling Han say this, Chen Han almost burst into laughter.

Isn’t this the competitive nature of young people?
I didn’t expect that the old village chief, who is over 50 years old, would still have such worries.

Sure enough, a man is a teenager until he dies.

Whether you are young or old, you are always competitive.

When it comes to money, Chen Han is very interested.

At the same time, he also devoted more efforts to this aspect.

So he started talking, "I can only talk about how some people operate now, but I can't say that it can solve the problem. This is a huge troublesome problem. Even now, I dare not say that it can be solved. After all, there are too many factors.

Without further ado, let me talk about the financial system of the Ming Dynasty.

Since the founding of the Ming Dynasty, money has actually been plaguing the entire empire.

When the Ming Dynasty was first established, the world was in dire straits, and the Northern Yuan forces in the north were still thinking about going south.

There are still many remnant forces of the Northern Yuan Dynasty in the southwest of the empire, forcing the entire dynasty to recover quickly and appease the people.

So Zhu Yuanzhang made the first mistake first. "

Zhu Yuanzhang immediately became nervous when he heard this.

It turned out that the first mistake he made was not to abolish the prime minister, but in terms of money.

He would like to hear what kind of reason Chen Han can give.

Everyone present also became nervous.

Chen Han said, "The first mistake is to issue excessive amounts of money."

Zhu Biao's heart skipped a beat.

The issue of treasure money has always been bothering Ming Dynasty.

He is also constantly thinking about how to change.

Because he had already discovered that the treasure banknotes had depreciated so far that people were unwilling to use them.

Officials had to force people to use treasure money.

As a result, the common people could only secretly use copper coins and silver as currency exchange in private, and were even forced to barter in some places, returning to the most primitive state.

Chen Han said: "From the eighth year of Hongwu, when Zhu Yuanzhang issued the Ming Dynasty Baobao based on the Baobao system left over from the Yuan Dynasty, many problems began to arise.

Let’s make a summary first. There is only one reason why the Ming Dynasty Baochao eventually turned into a piece of waste paper. That is, the Baochao was only needed by the court for financial expenses. There was no reasonable circulation control and no set of large-scale banknotes was established. The issuance system of treasure banknotes is only based on the government's credit and does not establish a reserve system. "In the ninth year of Hongwu, the imperial court issued an order prohibiting private transactions in gold, silver, and physical goods. Anyone who violated the rules would be punished, and those who reported the matter would be rewarded with the goods traded by the plaintiff. The people who were persecuted were afraid of the punishment of the law, and Don't dare to trade with copper coins.

However, after the issuance of the treasure banknotes, Zhu Yuanzhang's government, which had no economic acumen or financial knowledge, realized that it could buy enough food by printing the treasure banknotes at will, pay salaries to officials and clans, and stabilize people's hearts. When it comes to big infrastructure construction and so on.

As if he was addicted, he began to hand out money without restraint.

Even during his 31 years in office, he conducted more than 20 Northern Expeditions, and all of these expenditures were financed by indiscriminate issuance of treasure money.

As a result, a very bad consequence occurred, that is, there has never been a currency that has depreciated dozens of times in just [-] years of issuance.

At the beginning, it was stipulated that one tael of silver could be exchanged for one guanbao note, but by around the 20th year of Hongwu's reign, it had become a phenomenon that even five or six guanbao notes could not be exchanged for one tael of silver.

It even depreciated to the point where no one wanted to use it.

There is only one reason for this, and that is that Emperor Zhu Yuanzhang did not know how to control the issuance of treasure banknotes. It can even be said that the entire court felt complacent because of this invisible means of plundering the people's wealth.

Thinking that you can make a fortune secretly is like being addicted and you don't exercise restraint at all.

The excessive issuance of treasure banknotes is essentially sucking the blood of ordinary people.

There are many ordinary people who have worked hard all their lives and exchanged for a few precious notes, but their value has depreciated inexplicably, and all their hard work has been wasted.

What's even worse is that the imperial court banned gold and silver trading. People can use gold and silver to exchange for treasure banknotes, but they cannot exchange treasure banknotes for gold and silver.

This is a gangster and a money grab. "

Zhu Yuanzhang turned pale after hearing these words.

After hearing these words, Princess Jiangdu felt a chill in her back.

Ling Han told him before that Chen Han would speak freely, and that was indeed the case.

And what he said really surprised me.

There is really no one else who can so blatantly degrade his imperial grandfather to this level.

But for some reason, when she heard Chen Han say that her imperial grandfather was addicted to printing and issuing treasures, she felt that this was indeed the case.

The entire Ming Dynasty seemed to be immersed in this kind of self-entertainment, without paying attention to the people.

Ling Han saw that Chen Han was speaking too harshly and quickly went back to make amends, "According to what you said about robbing the people, it may be that Emperor Hongwu didn't understand the dangers of treasure banknotes."

Chen Han smiled and said: "Village chief, don't think that Emperor Hongwu is so simple. In fact, he knows many things clearly, but he just wants to find various excuses to complete the collection of money.

It may take some hindsight for Bao Chao to involve finance, but he must be aware of the Guo Huan case. From the Guo Huan case, it can be seen that Zhu Yuanzhang never had a financial plan after he became emperor. Directly fish for law enforcement, and find an excuse to make money all over the world.

No matter how greedy Guo Huan is, he can't be as profitable as Zhu Yuanzhang! "

The Guo Huan case was definitely a taboo in the Ming Dynasty. Even though many people knew that there was something unreasonable in it, no one dared to delve into it.

However, the imperial edict issued by the imperial court recorded many of Guo Huan's crimes.

Judging from the crime record, Guo Huan really deserves to die.

Zhu Yuanzhang was a little disappointed when he heard that this matter was dug out.

"I remember that Guo Huan really deserves to die!" the village chief said.

When Chen Han heard this, he sneered: "Really, is that what happened? How about I explain it to you and let you know how wronged Guo Huan is and how ruthless Zhu Yuanzhang is."

……

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(End of this chapter)