The monetary system of the Ming Dynasty returned to the era of the silver-copper dual currency system. That is, the government issued copper coins, and silver was allowed to circulate among the people. The advantage of this currency system is that it can effectively and automatically adjust the exchange ratio of gold, silver and copper coins to adapt to the economies of various places.
The reality of development differences. For example, advanced areas mostly use silver, while backward areas mostly use copper coins. The disadvantage is that hard currency is limited by the number of mines exploited and is often in a state of deflation when it is not enough. Deflation is not conducive to economic development.
Taizu's implementation of the treasure banknotes failed completely. On the surface, he made two mistakes: first, the government's policy of not exchanging the treasure banknotes made the people doubt the value of the treasure banknotes; second, the conservative and withdrawn policy of issuing treasure banknotes accelerated the development of the treasure banknotes.
The depreciation of the Ming Dynasty and the competition from silver continued to reduce its real share in the money market, and was finally completely replaced by silver. Fundamentally speaking, if paper money wants to completely replace metal currency, it can only be based on the commodity economy.
In the stage of rapid development, unfortunately, capitalism in the Ming Dynasty has just sprouted.
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Zhu Hengjia also wanted to cast copper coins, and he had already thought of a name: Jingjiang Tongbao.
Before casting, he asked people to compare the styles of the previous Tongbao in this dynasty. I don’t know if I don’t compare, but I am shocked when I compare. Coins really represent the comprehensive national strength! During the Hongwu and Yongle periods, the Ming Dynasty had a strong national power, and the money was printed beautifully.
Especially the Yongle Tongbao, which not only has superb calligraphy and exquisite casting, but also is thick and majestic. Not only the Ming Dynasty people rushed to use it, but friendly countries such as Japan and Annan also rushed to imitate it. This money cast really brought glory to the country! Xuande Tongbao,
During the Hongzhi Tongbao and Jiajing Tongbao periods, the Ming Dynasty’s national power was still good, and money could be minted just fine. Recently, the Ming Dynasty’s national power has weakened, and it wants to mint good money without the ability. Hongguang Tongbao? What the hell!
Zhu Hengjia thought: If you don't cast it alone, you have to cast it so that everyone wants to use it! He summoned the Minister of Revenue, Guan Shouzhen, and the Baochao Promotion Department (in order to unify the power, the Banknote Paper Bureau, the Banknote Printing Bureau, etc. were all merged into the Baochao Promotion Bureau)
Jiang Wende, a doctor in the company, and others discussed repeatedly and finally decided to cast five kinds of Jingjiang Tongbao: one coin (ten coins), two coins, three coins, five coins, one tael (the two refers to the copper coin weighing one tael, and the ten taels of Tongbao).
One tael of silver). The four characters "Jingjiang Tongbao" are written on the front, and the currency value is printed on the back. The text is clear, the shape is simple, and more importantly, the weight is sufficient and the materials are real. I don't dare to mint more, so I will cast 300,000 guan first, and put it away
Enter the Daming Bank for circulation.
As for banknotes, Zhu Hengjia doesn't plan to print them for the time being, as those things might arouse public resentment. If he really needs money, he would rather print some banknotes in the name of Daming Bank. Banknotes are guaranteed by the hard currency stored by the bank, and their credibility
High, people like to use it. The most important thing is that if one day too many banknotes are printed blindly, the responsibility can be passed on to the bank. What will the person in charge of the bank be called? Yes, Zhao Baoyuan.
The boy was caught and beheaded, and with a single blow, all public grievances were settled! What, shameless? What is shameless or not? Who has been an emperor since ancient times, but who is not thick-skinned, cruel, cruel, and vicious? Otherwise, how could he sit on the throne of the Nine-Five Supreme Being?
Bit? Besides, I just thought about it and haven’t done it yet. It’s too early to say I’m shameless.