The Shaofu ordered Li Tiankui to introduce the situation related to the money shortage to the important officials of the court.
He emphasized the harm that the continued money shortage will cause to the country.
Many officials understood for the first time that no disaster would occur unless people rebelled.
Just because there is a lack of money in the market, the consequences will be more serious than a plague.
After Li Tiankui introduced the impact of the money shortage, he also introduced the three policies he had introduced.
Cabinet Minister Li Zhisheng heard the Shaofu Order Li Tiankui finish introducing the policy.
He couldn't help but slap the table and said: "That's nonsense, Li Tiankui, your statement is simply nonsense.
The money shortage has already occurred, but managing it according to your ideas will lead to more serious secondary disasters."
After Li Zhisheng finished speaking, he saw his surprised colleagues and the slightly frowning Emperor Su He.
He stood up, bowed and apologized: "Your Majesty, I was a bit rude today, but I really can't help it.
The minister's family can be considered a wealthy family in my grandfather's generation.
It was precisely because the Ming Dynasty used treasure banknotes to harvest people's money.
The Chen family fell into decline very quickly, and there are many people who had similar experiences to Chen who still remember this incident freshly.
If the imperial court wants to issue treasure banknotes, it is completely humiliating itself.
The Shaofu ordered Li Tiankui to manage the factories under the Shaofu, and he has completed his duties.
How could Li Tiankui, the commander-in-chief of the Shaofu, know the complexity of a country's money and grain system?
This incident affects the whole body, and if something goes wrong, people will be in dire straits.
The three policies of the Young Master Li Tiankui are either castles in the air or bad policies like Baochao.
There was a shortage of copper and silver, raw materials could not be supplied, and it was impossible for banks to produce more copper and silver coins.
There has never been a shortage of gold coins on the market. These are the gold mines in Mobei and Nanyang, which continuously supply the mint.
The only way to fundamentally solve the shortage of copper and silver coins is to mine a large amount of copper and silver mines.
However, this kind of permanent solution cannot be achieved now. Even ten years from now, all domestic minerals will be minted, and it may not be able to meet the money needed in the market.
When Li Tiankui proposed this policy, he thought too simply and it was not feasible at all.
Forbidding people to hoard money is a bad policy proposed by officials who have no experience in governing.
If the imperial court really introduces this policy, not only the people who have extra money, but also the poor people will try their best to hoard money.
Coins that can barely circulate will be tightly held in the hands of the people and will never appear on the market again.
Li Tiankui is a mediocre official who does bad things with good intentions and is incompetent. This refers to people like him.
Imitating the Ming Dynasty treasure banknotes is the worst of bad governments.
The Ming Dynasty printed precious banknotes wantonly, resulting in the value of the banknotes being reduced by more than half in just a few years.
The people had lost trust in the treasure banknotes, but the Ming Dynasty used apportionment methods to force the people to use the treasure banknotes.
In this way, the Ming court used this method to plunder the few hard-earned money in the hands of the people.
Your Majesty, if we do the same thing, it will greatly damage the court's credibility in the hearts of the people.
After this, if the imperial court promulgates some policies, the people will never believe them."
Li Zhisheng refuted the policies of the Shaofu Order Li Tiankui one by one.
He was very rude to Li Tiankui in his words.
He didn't know which of the three policies Emperor Su He liked.
Li Zhisheng considers himself a fairly conscientious official. He feels that these three policies are all impossible to implement, and he must strongly oppose them.
Especially Bao Chao, Li Zhisheng was firmly opposed to it.
In his impression, things like treasure money are too harmful and have extremely negative effects, with no beneficial side.
During the disaster years of the Ming Dynasty, the treasure banknotes were too hard to wipe one's buttocks, and the treasure banknotes could not buy any supplies at all.
According to Emperor Su He's usual method, if he really issued treasure banknotes, at least half of the official's salary would be paid in treasure banknotes.
Li Zhisheng could imagine that by then, there would definitely be complaints in the official circles.
No one wants to have half of their salary disappear.
If the money shortage is not managed properly, it will lead to even greater troubles.
When Li Zhisheng discussed this policy, it was not all smooth sailing.
He stopped several times to argue with Li Tiankui until he was rendered speechless by his refutation.
After Li Zhisheng finished speaking, he bowed again and apologized: "Your Majesty, this matter is too important, I have to be cautious.
I just had an argument with the Shaofu Order and ignored the etiquette before the emperor.
Your Majesty, please forgive me for my sin of recklessness."
Emperor Su He waved his hand and said: "When discussing political affairs, it is inevitable to get excited.
I will never use this matter as a crime."
Su He signaled Li Zhisheng to sit down, and he asked the ministers: "Li Aiqing has already expressed his opinion on the money shortage. Do you have any good suggestions?"
The cabinet ministers and the six ministers were silent.
Qian Fuwen, the Minister of Household Affairs, has resigned and returned to his hometown because of his son Qian Mingyi, and is going through the process.
He could resign and return home after waiting for the new Minister of Household Affairs to return to Beijing and take his place.
Qian Fuwen, the person in charge of the Ministry of Household Affairs, did not come forward to discuss relevant policies.
Prime Minister Wang Zhongce saw that no one else spoke.
He stood up and said: "Your Majesty, just now Li Tiankui introduced the dangers of money shortage to the ministers.
The problem of money shortage must be solved as soon as possible.
However, the court cannot act too hastily, and I suggest a multi-pronged approach.
It is not too late to treat the root cause first and fix the problem before it is too late.
Let the Ministry of Industry go prospecting all over the country and vigorously exploit minerals, and at the same time encourage people not to hoard copper and silver coins.
I haven't thought of a solution that can be effective right now.
Please allow me to discuss with other cabinet ministers to find a solution and then report to Your Majesty.
Regarding Bao Chao, I think Mr. Li's reaction was a bit excessive.
Treasure banknotes are a good way. I think that to temporarily solve the money shortage, I can give treasure banknotes a try."
Emperor Su He looked at the performance of the ministers and smiled.
Now the situation is very urgent, and they can't think of a solution, so they can only accept banknotes issued by the imperial court.
Emperor Su He picked up Li Tiankui's memorial and said: "I think Shaofu Ling's strategy has merit.
The money shortage must be resolved as soon as possible to allow the large backlog of goods to circulate.
The food grown by the people can be sold, and workers in the city will not starve to death in their families due to lack of food.
The current situation is very urgent and does not allow us to discuss it slowly. We can only choose to issue banknotes to survive this crisis."
Prime Minister Wang Zhongce quickly asked: "Your Majesty, what is the difference between the banknotes you mentioned and the Ming Dynasty treasure banknotes?"
Emperor Su He simply explained: "The Ming Dynasty treasure banknote is a very good thing, it can solve the problem of insufficient silver.
We in China have been short of copper and silver since ancient times.
The biggest shortcoming of Ming Dynasty banknotes is that they are man-made.
That is, the Ming Dynasty issued treasure banknotes indiscriminately and did not control the issuance quota of treasure banknotes.
The Dahua Dynasty is preparing to issue banknotes, and I have learned the lessons of the Ming Dynasty.
The imperial court had no shortage of gold. Every time a banknote was issued, a gold coin was used as a guarantee.
Banks also allow banknotes to be exchanged freely for gold, silver and copper coins.
The banknotes printed by the bank each year require the approval of the emperor and the cabinet before they can be printed.
The most important thing is to give paper money and metal currency equal treatment.
People are allowed to pay with banknotes when paying taxes or purchasing goods from companies under the Shaofu."
The ministers saw that Emperor Su He proposed to issue banknotes, this banknote with a different name.
They all saw that Emperor Su He's attitude was very firm.
The imperial court wanted to solve the money shortage as soon as possible and the only way was to issue banknotes.
Many people who were dissatisfied with Bao Chao looked at the Young Master Li Tiankui with vicious eyes.
Li Tiankui saw many of his colleagues looking at him with murderous eyes.
He knew that after the issuance of banknotes, there would be a sharp depreciation in a short period of time.
There is really no way for him to survive in the officialdom.
Emperor Su He saw that several ministers still insisted on their opinions and believed that banknotes should not be issued.
He asked these ministers directly if there was any way to solve the money shortage?
They all shook their heads in silence, and Su He directly reprimanded: "There is no perfect policy in the world.
After any policy is promulgated, some people's interests may be harmed.
The lesser of two evils, as long as the benefits far outweigh the damage, we can introduce this policy after considering the gains and losses."
These opposing ministers could not find a solution to the money shortage. They saw the emperor's attitude and no longer opposed the issuance of banknotes.
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The Imperial Council went through some twists and turns, but finally unanimously approved the issuance of banknotes to solve the money shortage.
Su He immediately arranged the relevant matters and asked the bank to print a batch of banknotes as soon as possible.
…………………………
The door of the household department was surrounded by a fence several meters high, and there were sounds of knocking and banging inside.
A large number of workers and carriages were constantly entering and exiting this huge enclosure.
Hube's unusual behavior aroused the curiosity of the people nearby.
There are many people observing the situation here.
The land in front of the household door is a very valuable place, and the people are very curious about what the imperial court wants to build in such a big place.
Emperor Su He and Prime Minister Wang Zhongce are in the Ministry of Household Affairs.
They looked at the newly issued banknotes.
There are seven types of banknotes: one penny, five penny, ten penny, twenty penny, fifty penny, one hundred penny and one tael of silver coin.
Paper money is mainly used for ordinary people's transactions.
For large transactions between businessmen, they usually choose bank certificates of deposit.
Su He picked up a one-tael note, which was a red note.
Su He's profile picture is printed in the center of the front, and the words issued by United Overseas Bank are printed in black above the profile picture.
One or two silver coins are printed on the left side of the banknote.
There are uneven patterns printed on the right side of the banknote, and the serial number of the banknote is printed on it.
The Forbidden City is printed on the back of the banknote.
The styles of other banknotes are similar to this banknote, with slight differences in size, color, and patterns.
Su He held the note in the air and kept shaking it.
The banknotes made a crisp, crisp sound.
Emperor Su He said with satisfaction: "We in Dahua have so many skilled craftsmen that we can produce banknotes in a very short time."
Prime Minister Wang Zhongce asked with some concern: "Your Majesty, the banknotes are very exquisitely designed, but they are too valuable. Will there be counterfeit banknotes among the people?
Private minting of copper coins is punishable by death if caught, and there are many people who follow the trend.
I feel that printing banknotes is much simpler than minting coins.
There will definitely be many people who, even if they lose their lives, will make counterfeit money."
Bank president Zhou Yunxu saw the look in Emperor Su He's eyes.
He immediately explained to Wang Zhongce: "Wang Xiang, don't look at the simple style of banknotes. This small thing condenses the court's top technology.
Ordinary people will never be able to master the technology of making banknotes.
Banknotes are intaglio printed using a special template, which makes the banknotes feel three-dimensional.
This printing method is beyond the control of ordinary people.
The materials we use to make banknotes are also very special.
Cotton and wood are broken into pulp in different proportions and soaked in their solutions, which also contain many chemicals.
The proportions of various raw materials are different, and each style of banknotes has a different feel.
The trees we use are not ordinary trees, but trees that only grow deep in the Qinling Mountains. They are unique there and the source of the materials is easy to control.
There is also a unique code on the right side of the banknote.
The coding is related to the hidden lines on the banknotes, and it is difficult for people who don’t understand this to imitate the banknotes.”
After Zhou Yunxu finished speaking, he picked up a banknote from the side and soaked it in his teapot.
His hand slowly lifted up the banknotes. The banknotes were not like other papers that would shatter when wet.
Even if paper money is soaked in water, it still maintains strong toughness.
Zhou Yunxu said confidently: "Prince Wang, this kind of tough paper is not available to ordinary people.
You don’t have to worry, there are people in the private sector who will counterfeit banknotes in large quantities.”
Wang Zhongce saw that Zhou Yunxu was well prepared.
The situation of the banknotes was much better than he expected.
When Emperor Su He heard the bell ringing, he waved his hand and said, "It's almost time. We are officially issuing banknotes today."
Wang Zhongce arranged his official uniform and walked out of the household department.
The fence in front of the household has been removed and things are covered with a piece of cloth.
Wang Zhongce led the crowd and personally removed the cloth.
A tall golden mountain was erected at the entrance of the household.
Under the sunlight, Jinshan shines dazzlingly.
The people who were watching saw the golden mountain several meters high.
Someone said in surprise: "How come there is such a big gold mountain outside the Ministry of Household Affairs?"
"Such a tall gold mountain must exceed hundreds of thousands of taels, so the Ministry of Finance is not afraid of being stolen."
"Are you blind? There are soldiers standing guard next to Jinshan Mountain. What thief would come here to steal things if he doesn't open his eyes?"
Wang Zhongce held a large amount of banknotes in his hand and said: "The imperial court has always been concerned about the situation of the people and learned that there is a money shortage in the market.
The imperial court decided to issue banknotes to solve the money shortage."
As soon as Wang Zhongce said these words, the people nearby booed.
Some bold people shouted loudly: "The imperial court also wants to issue treasure notes. If you change the name, don't we know each other?"
Wang Zhongce saw that the scene was a little out of control, and he said succinctly: "Every banknote issued by the imperial court is guaranteed by gold.
Paper currency has depreciated. One tael of silver coins cannot be exchanged for one tael of silver coins. You can come here directly to dig for gold.
Banknotes can be freely exchanged with other currencies, and the court will not set an exchange threshold.
Paper money can be used to pay taxes, and all yamen related to the imperial court will accept paper money for payment."
Wang Zhongce explained the advantages of paper money as quickly as possible.
When the people learned about this situation, the anger in their hearts gradually subsided.
The court is very sincere this time, but many people still have concerns.
After Prime Minister Wang Zhongce made the announcement, the imperial court officially issued banknotes.
He returned to the Ministry of Household Affairs, walked to Emperor Su He and said, "Your Majesty, I think the people's acceptance of banknotes is not high."
