123 Currency Reform

Style: Historical Author: deep water salted fishWords: 2129Update Time: 24/01/12 12:26:42
Now the Jiannu and the main Mongolian forces were expelled across the Yalu River.

The Ming Dynasty built Lingbao again. An elite garrison was left behind.

In a short period of time, it was impossible for Jiannu and Mongolia to influence the Ming Dynasty.

With the help of the Nanzhili incident, the strength of the nobles and local powerful people was greatly weakened, and Nanzhili was completely controlled by the imperial court.

Although he had made enemies with many local powerful people, with military power, public opinion, and money in his hands, Zhu Youjian was not worried about these people causing trouble, and even wished that these people would start trouble early.

At that time, if some people related to them are casually implicated, won't the immigrant population come out?

.....

As he said, Zhu Youjian, who returned to the palace, ordered the Jin Yiwei to go check on the situation in the nursing home, and then quickly convened a cabinet meeting.

"I heard from people that the situation of privately minted coins in the Ming Dynasty is very serious now. There are dozens of kinds of copper coins in circulation, which are very difficult to buy and sell. I decided to use face value currency, which means to directly specify the face value, rather than based on weight, fineness, etc. Let’s wait and see!”

“Your Majesty, think twice.

This has already happened before, the Ming Dynasty treasure banknote is it!

Facts have proven that this is not feasible," Liu Hongxun hurriedly advised.

The Ming Dynasty treasure banknotes were printed in the eighth year of Hongwu, Taizu of the Ming Dynasty. Due to the lack of copper at the time, the "Banknote Law" was promulgated in the seventh year of Hongwu in the Ming Dynasty, and a treasure banknote promotion department was established. Under it, there were two bureaus for papermaking and printing, and two treasuries for banknotes and banknotes. In the following year, Zhongshu was established Issued in the name of Nanjing Province.

Baochao was the only banknote officially issued by the Ming Dynasty. Later, due to the excessive issuance of banknotes and rampant counterfeiting, which led to inflation and public dissatisfaction, it was abolished during the Zhengde period.

Zhu Youjian's words made Liu Hongxun feel that the emperor wanted to be empty-handed again.

To put it bluntly, a treasure note is just a piece of paper. The production cost is extremely low. If the emperor ran out of money and just printed it and distributed it randomly, Ming Dynasty would have problems sooner or later.

Of course, Zhu Youjian knew this, and immediately replied: "I know the Ming Dynasty Baochao. This idea is right, but the wrong approach led to the final failure!"

"I don't know what your Majesty's plans are." Liu Hongxun and others looked at Zhu Youjian and said.

This little emperor had too strong opinions. It took the scholar-bureaucrats hundreds of years to achieve the goal of co-ruling the world with the emperor, but it was completely destroyed by the emperor in front of him.

Don't look at it. Your Majesty is discussing it now.

In fact, everyone's suggestions are probably useless.

If it weren't for the importance of the matter at this time, Liu Hongxun would not be willing to mention it.

Emperor Chongzhen looked at Liu Hongxun and others and said seriously: "Use copper coins, silver coins, and gold coins, but imitate the Ming Dynasty treasure banknotes, print numerical values ​​on these coins, and measure the value by numerical values!"

When Chong Liu Hongxun and others heard this, they frowned slightly. They felt that this was like taking off their pants and farting. Is it unnecessary?

If Zhu Youjian hadn't been the emperor, or the emperor who dismissed officials without mercy, Liu Hongxun would have come out to accuse him.

Currency value is naturally the best if paper money is used as a carrier, and the cost to the court is the lowest.

But in addition to preventing counterfeiting, the most important foundation for banknotes is the credibility of the court.

But based on the example of Ming Dynasty treasure banknotes, no matter how beautifully printed banknotes are now, it is impossible for the people to believe them.

Therefore, the court could only take a step back and replace it with metal first.

The face values ​​of one, two, five, ten, twenty, fifty, and one hundred are printed on gold, silver, and copper coins, corresponding to different proportions of gold, silver, and copper.

This currency itself has a certain value and can reduce people's resistance.

Otherwise, after the policy is released, except for Zhu Youjian, everyone in the world will oppose it. What is the use of such a policy?

"In addition, I have also decided to amend the law on excess banknotes. From now on, taxes will only be collected from new imperial coins."

In fact, another important reason for the failure of the Ming Dynasty's Baoqian was that the imperial court used banknotes to pay official salaries and military salaries, and to purchase things from the people, and only used a small amount of Baoqian to collect taxes. Later, it even stopped accepting Baoqian. Coupled with the unwillingness to collect the lost money in a timely manner.

It is clear that the imperial court does not believe in the money it distributes, how can it be possible for the people to believe it?

Coupled with the poor production and easy counterfeiting, the number of treasure banknotes on the market was too large, which greatly exceeded the actual demand of the Ming Dynasty, which naturally damaged the credibility of the Ming Dynasty treasure banknotes..."

"Your Majesty, this is feasible." Liu Hongxun and others said.

"In that case, let's announce that we will immediately summon skilled craftsmen who are good at making coins to enter the palace."

"The Ministry of Punishment immediately issued a document informing the world that privately minting coins is a serious crime. From today on, only the imperial court is allowed to mint new coins. If anyone mints coins privately, no matter who it is, their homes will be confiscated and they will be exiled."

In fact, Zhu Youji just said that no matter how much counterfeit money you make, you will be punished by death. But then I thought about it and decided to confiscate my home and exile him. After all, it was profitable to make counterfeit money.

If all of them were beheaded, some timid people might not dare to engage in it, but the imperial court needed immigrants, so using these people as immigrants was considered waste.

The purpose of recruiting skilled craftsmen who are good at making currency is to design a currency that is exquisite in style and difficult to imitate.

The benefits are exciting.

If currency is too easy to be counterfeited and requires professional people to check whether it is genuine or fake, and even professionals cannot tell the difference between genuine and counterfeit, strict laws cannot guarantee the safety of currency.

The current method of casting money in the Ming Dynasty is the current Fan casting method.

Clay molds are used to sculpt various patterns and inscriptions on the back of the mirror. After drying in the shade, they are fired to make the master mold.

Then use the mother mold to make a clay mold, dry it in the same shade and bake it into a pottery mold, melt the copper water, and pour the poured copper water into the cavity of the pottery mold to make the vessel. After the mold is removed, it is cleaned and polished to become a currency for circulation. .

The coins produced in this way have a sense of vicissitudes of life.

But the same production efficiency is low. And once the mother money flows out, it will most likely lead to large-scale fraud.

The purpose of Zhu Youjian's gathering of craftsmen was to hope that they could adopt the coin-making methods of later generations to suppress them.

The difference between coins produced in the two ways can be seen at a glance.

In addition, the pressing method requires a stamping machine.

For now, it can greatly increase the difficulty for everyone to fake.

By the time stamping machines become popular, people will probably already trust the court, and by then circulating banknotes will no longer be a problem.

Regarding this matter, the officials of the Ming Dynasty could not handle it as fast as they could. The next day, 500 skilled craftsmen from the capital who were good at making currency were sent to the palace.

In just seven days, the news that the imperial court banned private coinage had spread to every corner of the Ming Dynasty.

The main reason why it can proceed so quickly is because of fear.

I am afraid that the emperor will wear small shoes for me, I am afraid that the emperor will overtake my family, I am afraid that the emperor will join me in the traitor temple and be sobbing by the people of the Ming Dynasty.