Paper money has not existed in the world since ancient times, but credit currency does have a long history. In the most ancient times, even leftover beast bones, as long as they were intact and strong, could be used to exchange for things, and it can be speculated that there was a considerable amount of money in such transactions.
history.
Later, in the Bronze Age, currency gradually turned into copper coins of various shapes. Compared with the past, when bones were 100% usable, this copper...a small piece of copper naturally did not have that much practical value. Therefore, there is no doubt that
...The copper coin itself already possesses a large number of credit currency attributes.
But unlike banknotes, copper coins still have their own value as copper metal anyway, and banknotes...if there is something wrong with their credit, they really have no value. In other words...
Even if there is a problem with the credit of copper coins, as long as the court handles it properly and collects and releases it properly, the matter can still be handled. But it is different with banknotes. The collapse of the credit of this thing is no different from a bank run and bankruptcy.
Therefore, the panic caused by the incident in the Champa State is not just the fearful association of banknote holders of all walks of life, but has actually touched the hearts of all banknote holders...
For ordinary people who hold banknotes, this thing is actually not that good, nor is it that evil. It is just a way of holding assets, or a financial management product.
...As for financial products, what they fear most is not plummeting, but running away, which is truly losing all their money.
This kind of fear did not arise after the Champa State abolished banknotes. It arose from the moment banknotes appeared in everyone's thinking. It was just because of the various conveniences and appreciation of banknotes.
, and those bandits whose origins are unknown and inexplicable... have caused a large number of people to ignore their fear.
The incident in the Champa Kingdom triggered this fear in an instant... and a chain reaction naturally began.
original……
In fact, although there are no heroes like Li Shimin, Yuan Gaisu Wen, and Li Sheng among the Southeast Asian countries, there is some cultural inheritance in their countries, at least among the royal family. And the consensus of the whole world is...
Almost all parents will teach their children that if you can't figure out something, just stay away from it. In Western terms, don't "make a decision."
As for the kings of the countries corresponding to the southeastern area... this banknote is certainly not a very safe thing. Of course... because they have witnessed the economic explosion of the Champa Kingdom with their own eyes, the kings also have uncontrollable feelings in their hearts.
The feeling of living, but...
On the other hand, the kings have never really been too reassured about banknotes, and they are still relatively conservative in their approach - and this should have saved their lives, or at least... Infinite dangers that will most likely appear in the future.
When the issuance of additional currency occurs, it subconsciously warns them so that the crisis will occur later.
However... as soon as something happened to the Champa Kingdom, the leaders of Siam, Luzon and other countries who had been trying so hard not to let go of their gatherings, all laid their guns on the gun. In an instant, everyone in the country began to get rid of the banknotes they had saved, and started to collect them again.
In exchange for gold and silver, assets sold from the northern empire, and food!
In short, an unprecedented wave of bank runs appeared immediately, and then... there was a scene where Wang Jing and others learned the news and ascended to heaven on the spot. However...
Li Er did not expect this situation, but even so...
The actual situation is very simple.
There was a bandit problem in Southeast Diao some time ago. Of course... it was Li Er who took action, or rather, he was the real mastermind. As for the purpose, it was actually very simple, to defeat his competitors.
In the final analysis, paper money is also a kind of "county", which is used to coordinate and manage the world's production factors while giving people freedom. And since it is a county...
Of course, paper money is the same as a city. Of course, Anshi City itself does not care whether it is a city of the Tang Dynasty or a city of Goguryeo, but the Tang Dynasty has to care. The same is true for paper money. Since it wants to establish counties...
How can we not cover all the countries and counties?
In Li Sheng's sacred book, Li Er already knew that although the banknotes were nominally equivalent to copper coins, they were actually different. The banknotes were essentially similar to banknotes. However, because they were made of
The imperial court came forward, so it naturally had the attributes of currency, regulating the rate of economic growth and decrease, and controlling the operation of resources...
But all this is not without cost.
Since banknotes owe their existence to the prestige of the imperial court, then conversely... once there is a problem with the credit of banknotes, the prestige of the imperial court will inevitably also be in question!
And if the court's prestige also suffers from problems, the next step will be big trouble...
This is naturally what Li Er is worried about. Even if... the banknote system of the Tang Dynasty was not collapsed by the impact, it will still be impacted. This impact itself will definitely occur, then... it is equivalent to the imperial court's
Prestige will still be damaged. When people start to fear the events surrounding banknotes, they will naturally fear the banknotes themselves, and suspicion of the "imperial court" will inevitably appear.
And with the collapse of the banknote system of the Southeast Asian countries...
Immediately afterwards, merchants and sailors in Jiangdong also quietly began to reduce their holdings of banknotes... and exchange them for gold and silver.
Originally, it was quite difficult for the Tang Dynasty to implement banknotes, because the scale of wealth in the country was really not small, and many experienced landowners who knew all about farming to become elite maritime merchants. Obviously, it was not easy to do so.
Accept that all the assets in your hands will be exchanged for a brand new thing, so you basically have reservations.
Now, because of the Southeast Banknote Incident, the Jiangdong area of the Tang Dynasty has naturally experienced a similar situation to Southeast Bank, and the price of banknotes... has begun to fall.
And it's not just a little bit, but a shocking level... But at this time, some advantages are revealed.
Because this time... the banknote crisis in Southeast Island, in the final analysis, Li Erjun and his ministers' secret mischief accounted for at least half of the cause... and precisely because although the crisis existed naturally, it was triggered by Li Er on his own initiative, so of course he was prepared.
It's quite sufficient... From the beginning, Li Er had no intention of promoting banknotes all at once. Instead, he quietly laid out the plan in the country and only revealed the name of this thing to the public through various channels.
Promotion.
The reason for limited promotion is of course not because Li Er is indecisive and not thorough, but because this step is not really a critical step at all.
The really critical step is the crisis itself. Li Er plans to take advantage of this banknote crisis!