Chapter 123 National Policy
Zhu Yuanzhang made repeated orders to strictly prohibit usury and set a fixed upper limit on interest rates, but is it effective?
He Xi promoted the improvement of the monetary system to reduce trade costs. It is beneficial to the entire Ming Dynasty. But what will happen soon will be the collapse of many gold and silver shops. After all, they are all currencies of the same system, and there is no need for currencies to be exchanged with each other.
There is no need for gold and silver shops.
And banks can also lend. The lending price must naturally comply with Ming Dynasty policy.
Although most people will not go directly to banks for loans, the loans issued by banks are kept there, which directly drives down the interest rates across the country. It is even foreseeable that many qualified people will take loans from banks and then re-lend them.
Earn the interest difference.
But even so, there are people who do such things, compound interest, and return nine times out of ten. I dare not say that it will not happen, but the channels for ordinary people to borrow money will definitely increase.
This is all good. But for some people it's different.
There is a strong conflict of interest here.
And it is not limited to Beijing. Many places are beyond the reach of He Xi. It only depends on Zhu Yuanzhang's thoughts.
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Zhu Yuanzhang looked at the silver and copper coins on the red tray in his hand, as well as various types of silver notes.
The maximum quota for banknotes is one hundred taels, and there is no limit for any higher amount. But you can go directly to the bank and write a check. Each silver note is beautifully printed, and each silver dollar has a Ming Dynasty silver dollar with the word "one dollar" on the back. The copper coins are also divided into different sizes. A large copper coin is worth a hundred cents, and a small copper coin is worth one cent. All copper coins before the Ming Dynasty will be recycled and recast in the future. From now on, there will only be this style of copper coins.
Apart from the year of casting, there is no other difference.
There is no mark of such-and-such treasure.
Zhu Yuanzhang looked at these carefully and suddenly recalled that he had found the red banknote from He Xi that night many years ago. With a thought in my mind, I found a design with red as the background color among these plans. Said: "Just this version."
Immediately, an edict was drafted.
There are three contents.
First, from now on, people from all over the world can take their treasure banknotes to banks and exchange them for silver dollar banknotes. and silver dollars. In the winter of the twenty-eighth year of Hongwu, Baobao was officially abolished and was no longer allowed to circulate.
Second, from now on, Ming Dynasty only allows the use of silver coins and banknotes. Gold and silver are prohibited. Taxes from various places must be converted into silver dollars and no longer paid in silver ingots.
Third, from now on, the treasure notes in the salaries of Ming officials will be replaced by silver coins.
This is He Xi's first policy to be promoted nationwide and officially promoted.
For a time, the whole world was talking about it.
Treasure banknotes turned into paper banknotes, seemingly ordinary currency exchanges. This happened countless times in the Jin and Yuan era, and many people didn't care. The only thing that makes officials all over the world happy is that silver dollar notes replace treasure notes.
This would be equivalent to increasing his salary.
It's also a big plus for them.
It's just that many people are quite unwilling.
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The lights in Ding Xian's room were dim.
Ding Xian sat in the middle.
There is a group of people sitting on both sides, but in terms of temperament, they do not look like officials or businessmen, but like slaves. It's the kind of slave who works for others while being arrogant to others.
At this time, one of them said sternly: "Ding Xian, is this how you repay my family for giving you so much support? Look at how much damage the court has caused to my family by doing this now. You have nothing to say." ?"
Ding Xian said: "What a loss, let me hear it."
This slave didn't know what to say for a moment, so he gritted his teeth and said nothing.
A man sitting opposite him immediately said: "Okay. Okay." He smoothed things over and said: "Master Ding, we have cooperated for so many years, and you are now a famous person in the world. We can't reach you. It's just an old friendship. You have to think about it, otherwise, how can we cooperate in the future?"
Ding Xian gained Zhu Yunwen's attention. With Zhu Yunwen here, Ding Xian's position will be stable.
Even if Zhu Yuanzhang didn't like Zhu Yunwen, it would be impossible to attack someone whom Zhu Yunwen valued. That would be too intolerant. And what does the prince think?
The reason why Ding Xian became a famous person in the world was naturally with the help of these people. These people were all stewards of the big families in Jiangnan. It can be said that Jiangnan, as the richest place in the Ming Dynasty, also had the most gold and silver shops and pawnshops.
If we say, how much money does this industry make every year? He Xi didn't know. After all, many of these industries do not open for three years and last for three years after opening. As for whether they really do not open for three years, it is hard to say. But it is true that it has been open for three years.
Profit margins are extremely high.
As He Xi analyzed, although He Xi's monetary policy has hurt their interests, they can still tolerate it. They can really tolerate it, but they can't tolerate it. Zhu Yuanzhang's power is still there. To put it bluntly, these people are also the ones who fall into the trap of devaluing the value of treasured banknotes issued by the imperial court and stealing property from the people, but what can be done?
Try your best to pass it on to the following.
As for the rest, I can only endure it.
Now, this policy is also hurting their interests. But what they couldn't bear the most was that He Xi had spread banks all over the world, and even looked like they were going to cover all the prefectures and counties in the south.
This seriously infringes upon their interests.
This is intolerable to them.
After all, Zhu Yuanzhang has been cracking down on the landlord class for a long time. The list of landlords with more than 3,000 acres of land has always been on Zhu Yuanzhang's case list. Now these wealthy gentry are all empty-handed. There isn't much money to come from, and it won't work if we lend money at high interest rates.
Many of their expenses cannot be maintained.
Ding Xian sighed and said: "It's not that I don't help, but now, can I, Ding Xian, speak out about such a thing? I can only tell you some inside information, as for the rest. I don't know. If you really want to find a way, you Are you going to find Bachelor Fang?"
"He is the one who can really use his strength."
When he mentioned Bachelor Fang, they all fell silent.
This made Ding Xian feel a little resentful in his heart.
Without him, Fang Xueshi would be Fang Xiaoru. In fact, the same group of people are behind Fang Xiaoru and Ding Xian, but their cooperation models are completely different. On Fang Xiaoru's side, even the heads of these people's families have to visit them respectfully, and Fang Xiaoru may not meet them. These people want to support Fang Xiaoru.
As for Ding Xian, even though many people know about his relationship with Zhu Yunwen. But he didn't look at Ding Xian seriously. Just send some stewards to deal with it.
I want to get some inside information from Ding Xian, but I don't even have much basic respect.
How could this not make Ding Xian angry?
Ding Xian sneered in his heart and said to himself: "One day, you will be made to pay the price."
"Mr. Ding." A wealthy slave said, "I would like to ask Mr. Ding to give you some advice on the current situation."
Ding Xian said: "Any advice? It's very simple. Now there are three strategies: upper, middle and lower."
"The best policy is to be patient and wait for it."
Someone immediately said: "What nonsense are you talking about?"
Ding Xian said: "Bullshit, now He Xi is behind His Majesty. It's not that He Xi is doing anything, but His Majesty is using He Xi's hand to do things. Opposing He Xi means opposing His Majesty. What will happen to those who oppose His Majesty. You don't do you know?"
As soon as these words came out, everyone turned pale.
Some people even had sweat on their foreheads.
Zhu Yuanzhang's power is as great as this.
Ding Xian said: "The middle strategy is to support His Majesty's strategy and get involved. When banks go to places and want to do things, they always have to bow their heads and cooperate. Mining also makes money here."
Some people died, but not completely...
