Sea-going ships are not being replaced quickly, and the penetration rate of advanced power ships is certainly not high.
In other words...
It also takes a process and a certain amount of time for maritime merchants to "take action" after receiving the information. In such a situation...
When the merchants really rushed to the southeast corner in person, they made a last special sound, why didn’t our Tang Dynasty banknotes have this magical power? If I had known about this good thing, my brothers would have hoarded a lot of banknotes. Now they are sitting on the ground.
Isn't it better to be rich than to be a merchant in this world... After that, I discovered that the countries in the southeast had abolished banknotes.
Oh, it’s finished.
There is nothing to say that the maritime merchants ran away decisively. They came out to take the sea route, in wind and rain, just to make money. Now that there is such a big basket on the sea route... then they must have fled at the speed of light. At this time
Wouldn't it be a waste of money to eat more money? It's a waste of money visible to the naked eye.
Of course, no one cares about such a trivial matter... Anyway, everyone's hoarding of banknotes ended before it even started, so it doesn't matter. This is what is commonly known as a world where no one is hurt... But because of this incident, paper money
The status of banknotes in the Tang Dynasty has plummeted!
It can even be said to have plummeted. Because to the people, what is paper money? It is something issued by the court. Normally speaking, who would exchange their family's food, goods, and life-saving gold leaves and silver ingots for paper money?
Tickets? This is not all based on the court's face. And since there is such a factor as the court's face, then naturally...
The imperial court itself cannot lose its prestige. In other words, the banknotes must be effective and always effective. The reason why gold and silver can almost innately possess monetary properties is because gold and silver can naturally easily satisfy the needs of those major demands.
Function: High value density, portable, easy to store for a long time...
etc.
But banknotes are different. It is true that banknotes are portable and easy to store for a long time. But compared to gold and silver?
In the truly ancient times, our ancestors often used gold and silver to make various things. Of course, it was first used to make weapons. There is nothing to say about this. Before the emergence of the thing "currency" or even the need for currency, gold and silver were used to make various things.
Silver exists in large quantities in the world because of its inherent chemical stability, and is widely used in military affairs - the military in ancient times was also military. It can be speculated that...
During that period when humans were eating raw materials and drinking blood, humans may have initially mastered the skill of making fire, but the technology of playing with fire was definitely not advanced enough to smelt metal. So it is conceivable that...
At that time, gold and silver were strategic resources. A tribe had several metal-headed spears, even if they were made of very hard gold and silver, it would be a great help to the entire tribe's food and clothing problems.
.
With such a history, it is not difficult to imagine why gold and silver would later acquire a unique and high status, even to the point of becoming currency.
And now...
In this era, although gold and silver are no longer military assets, compared with other equivalents such as silk cloth, the value of this thing is still much more stable. After all, the production of silk cloth increases and decreases every year, and the sudden discovery of gold and silver mines
Things would be much less. What's more, for every common people, even if they think gold and silver are nothing more than yellow and white, so what? Anyway, everyone in the world recognizes this thing, so it is not just yellow and white.
thing, and...this "not only" is also very stable and solid.
But this was a big headache for Li Er.
It would be fine if the Tang Dynasty had enough gold and silver, but the problem now is.
Although maritime merchants were constantly transporting overseas gold and silver to Datang,... the development of the factory industry still exceeded everyone's expectations and was too fast. Such rapid growth is certainly a gratifying event.
That's a good thing, but...if you consider that this growth rate will soon be hit head-on by deflation, it doesn't sound so exciting.
At this time, of course it is necessary... This is why Li Er decisively took out the banknotes and decided to start a credit currency system. However... As the name suggests, the basis of credit currency is credit.
Of course, the foundation of any currency is credit. But compared to gold, silver, copper, silk...the "five surnames and seven hopes" in the currency world, today's banknotes are undoubtedly of a nature that was issued in the wild.
Although the story of someone who started from a humble beginning and conquered the world is undoubtedly very romantic, there is no doubt that...it is full of difficulties and difficult steps.
Like today, Li Er used the greatest strength both within and outside the country. Within the country, he used the emperor's own prestige to promote it, and outside the country, he used the best elites of the younger generation.
As a result, even in this way, the pace is still slow. After the Persian girl presented a complicated and troublesome action plan, Li Er did not feel the slightest sense of surprise after reading it, although it was undoubtedly an unexpected action plan...
And such a troublesome great undertaking will undoubtedly now undergo a new test, and...
According to the prediction of the sage king Li Sheng in "Money and Banking", this will also be the biggest test.
That's right... of course all tests are still credit tests.
But this time it is the biggest, because in the book on currency and banking, Li Sheng, who has never spoken much, did not hesitate to write a lot of pen and ink. What if... A country prints too many banknotes for the sake of immediate benefits.
What will happen.
Printing banknotes looks like making money out of thin air, but in fact... banknotes are a tax burden in themselves. The more banknotes are printed, the less valuable the banknotes in the hands of the people are, and their purchasing power decreases... This is actually
The top is the tax burden. Of course...
As long as the rate of additional currency issuance is commensurate with the growth rate of the country's economic scale, then there will be no problems with the additional issuance of currency and it will promote further economic growth, but...
The premise of all this is based on the fact that currency does have credibility and is indeed accepted by people. Without this foundation, things will become ugly, with banknotes that no one pays and no one uses...
There is a great possibility that the banknotes of the Tang Dynasty will become invalid like those of Southeast Asia!
This is actually the reason for the turmoil over the banknote abolition in Southeast Asia. In the beginning...
In fact, it's just the Champa Kingdom that has a problem, because this generation of Champa Kingdom kings really don't know anything and keep printing money to make money out of thin air, and they get away with it. However, what follows is...
When currency holders from other parties saw this situation, they were immediately frightened and began to sell their banknotes one after another!