Hidden Dragon in Qing Dynasty

The marketing of the credit currency was not an easy task. Even the promotion of gold and silver paper money required time. Before the First World War, there had been a serious run on the currency.

At that time, the people of Beijing were crazily using paper money to exchange for Yuan Datou, and in the end, they forced the government of Northern Yang to stop their exchange.

On the contrary, Shanghai waged a financial siege war, resolutely opposed the Northern government's suspension order, and resolutely defended the paper money, which was then referred to as the capital's currency.

This was the famous capital's currency storm in history. If not for Zhang Gonggong of Shanghai and Song Hanzhang's resolute resistance, Bank of China's credit would have gone bankrupt at that time.

Perhaps the Government of the Republic simply could not bear the opportunity of the first world war to erupt that famous great economic development of the Republic of China!

Civilians were naturally wary of power. This was a memory that was imprinted in their genes, making them believe that a piece of paper that was worthless was money. It could be traded, saved, and lived … This change in psychological acceptance may take several generations.

How did the southern Chinese vote of credit come about? The reason they relied on is not because the Chinese control a large percentage of the Ocean trade in East Asia, but because they believe in Xiao Letian's paper money. It is because they saw that you, Xiao Letian, have something in your hands.

And it's not just gold and silver, food, industrial goods … Even if you have some bricks in your hand, I can exchange them to build a house.

The Chinese emphasis on business also led to the prosperity of logistics, the flow of goods let people see, always very peaceful!

Not only were they ready-made goods, but more importantly, the Chinese controlled the largest industrial base in China right now, which was the Northern Industrial Zones in Bohai Bay.

This place was already known as the Ruhr of the east. This extremely large Industrial Zones had already radiated all over Tangshan region. The Swallow Mountain mountain area's coal and iron mines had already been developed and turned into a huge productive force.

The merchants of the world knew that the Chinese had productivity, but they were very much at ease. They believed in this, knowing that even if the leader did not have money, he had the privilege of producing industrial goods.

Money cannot be exchanged for silver, I can exchange for your iron nail! The mine lamp! Kerosene! Screw... The added value of industrial products in this era was very high, not inferior to later generations of high-tech chips in Europe and the United States!

As long as this paper could be exchanged for industrial goods or even Gun, then this paper would have a lot of credit!

Commodity logistics, huge productivity... What was still missing? They still needed a strong army to protect them. As long as the Chinese Army's combat power was strong, they did not need to rely on their own Chinese to brag about it.

Therefore, the credit of the Southern Bills banknotes was first established among merchants. As for Jiangnan, Beijing Belt and Guangzhou, they were the most economically active areas in the entire Qing Dynasty. Only these three places had a large circulation of banknotes.

However, once they left these areas that were prosperous, they would head to the heart of the Central Plains or into the ravines of the mountains. For example, in the Wuyishan area of Fujian, the commoners would live a very traditional life.

Silver taels and copper coins were the only currencies that they accepted. They really didn't have any silver taels or copper coins left. Giving cloth to grain could be done in exchange!

However, he would not accept paper money. He absolutely would not accept it!

At the moment, the Chinese couldn't infiltrate into Jiangnan and didn't have the spare energy to run Fujian Province, so the people here were even more unfamiliar with paper money.

Once the rumors spread, it would be hard to calm them down! He didn't know why, but the thirty thousand New Imperial Army s were all quickly spread the rumor that the emperor was going to issue big guys southern tickets to become silver. This time, the soldiers became restless.

They definitely wouldn't dare to rebel, and they wouldn't dare to do so either. After all, it was just a matter of pay and rewards, so it didn't matter if it was a few days earlier or a few days later.

However, not causing trouble did not mean that they did not complain. These people were communicating with each other in their hometown's native language. Thus, the untoned official language of the Northern Lands that they had learned over the past few years was not spoken.

With the three hundred Son of Heaven's personal army s as the base, the command system immediately felt that something was amiss. Why did the soldiers beside them suddenly become alert?

"Quiet down …" What are you talking about? I'm asking you... "What are you talking about?"

"None... He didn't say anything … What's for lunch today, sir? "Is there meat …"

"Just you wait, His Majesty is here, how can I not have your meat …"

He had just finished reprimanding the soldiers when he turned his head and whispered into their ears, "Look, even Company Commander doesn't know about this. It seems like the matter of the bounty is really suspenseful …"

The soldiers complained indignantly, "We are not greedy for money, it is enough for us to just make up for our debt. Selling our lives for the His Majesty is already doing our best to repay the debt …"

"But what is this nonsense? His Majesty cannot lie and play as well … "

"Don't spout nonsense …" His Majesty would not lie, didn't I heard from the officials that there are traitors in the court, they just do not want the His Majesty to take control of the situation personally … "

"The His Majesty is guarding this mountain, he can't make the decision!"

"That's right, the money was taken away by those traitors … If you dare to lie to us with paper money, we'll tear you apart and burn you on the spot! "

"That's right, I remember people saying in the past that the big lords of Beijing had torn paper money before, and they were cheated as well …"

This was a matter of years and months, those were the jokes made in Beijing when the paper money had just been promoted, but they never thought that Fujian, which was thousands of miles away, would actually take the joke as real.

They really thought that paper money was paper money. They just couldn't believe that this paper, which was burned to death, could be used as money! If the imperial guards gave them paper money, they would be cursing them to die!

There were more and more rumors, and the atmosphere became more and more gloomy. Inside the tent, Tongzhi could no longer sit still.

The bodyguards kept reporting to the tent, but the little emperor was aware of everything that was happening outside!

He checked his pocket watch. It was already half past twelve, yet the soldiers were still not in the mood to open fire and cook.

It seemed like these soldiers would not rest until they got their hands on the silver!

"Let's take a look …" Take a look... A million taels of silver and we're going to be crushed like this? What face does This Emperor have to be able to go out and meet the soldiers? "

Tongzhi did not say a word. This morning, he had even refused to pay a visit to the English. Originally, the foreigners engineers and the officials of the British Fleet were going to come together to meet Tongzhi.

"We have rejected all requests from the foreigners to view the ceremony... I really want to let them see this New Imperial Army, and let them walk in personally … "

"But how could I dare to agree with the morale of the troops in front of me?"

"This official is waiting for death …" Shen Baozhen led the officials and all kneeled down. Lin Zexu's young master's eyes were crying like peaches.

"This official is going to die..." This subject will die... Fujian was poor on one hand, but it was definitely a coincidence … He had just settled a sum of money for the Mawei Shipyard's foreign goods and a sum of money for Marshal Zuo's military expenses … "

"Actually, in another half a month, if I were to collect business tax..." The magistrate office only had money left … Now I've really gotten to the point... "Sob, sob, sob …"

Just then, an official behind Shen Baozhen suddenly cried out and said, "His Majesty ah …" Why don't we just issue the south ticket... "The government office still has more than 600,000 yuan in south tickets …"

"Pah …" You fart... Are you asking me to slap myself in the face? What I said yesterday was silver! Silver! "Silver!"