Daming pirates

The banks are temporarily using these banknotes as a temporary replacement for the current shortage of new currency. If they have not spent these banknotes after a month, they can use them to exchange them. This is just a transitional measure. The local governments will provide guarantees and send people to maintain the banknotes.

order.

People were doubtful, although they were very uneasy, but they thought that this banknote was also something that the emperor had promised to be effective. Nowadays, Yu Xiaotian has a high reputation among the people. It can be said that he has done a lot of practical things for ordinary people and is very popular among the people at the bottom.

In addition, the first batch of people to receive banknotes were soldiers and local officials. They used banknotes to shop in the market, and merchants in the market were ordered not to accept them.

So people pinched their noses and exchanged a little before trying. With the mentality of giving it a try, they started to exchange some banknotes, and then some people hurriedly spent the banknotes to see if they could buy things. Merchants

I didn't dare not accept it, so after accepting it, I quickly went to the bank to exchange it for new currency at the specified time.

This experimental process lasted for a long time. In order to promote banknotes, Yu Xiaotian even extended the time for exchanging old currency by half a year, giving people more time to verify the monetary value of these banknotes.

In addition, Yu Xiaotian decreed that when local governments collect tax burdens, they will collect all such banknotes from now on, and will not collect new metal coins for the time being, so as to forcefully issue these banknotes and establish the currency credit of banknotes.

The common people tried and tested and found that these banknotes did not seem to be as bad as they thought. When they were put on the market, they could buy things just like those metal coins, and the currency value would not be reduced. The government also publicly collected paper money when collecting taxes.

Banknotes can be used against new currency.

Merchants, in particular, were even more careful. They tested many times and found that the banknotes they collected could indeed be exchanged for new currency at the bank, and they gradually became relieved. Of course, there was also a problem when the new currency was introduced.

The Chinese people have the habit of hiding money. After getting the new coins, they are not eager to use them, but store them. As a result, a large number of newly issued new coins quickly settle among the people and cannot enter the circulation field.

This has caused the problem of insufficient circulation of new coins in the market. Yu Xiaotian has also thought of many ways to deal with these problems, but he insists on one thing, which is to ensure that there will be no problems with the value of these currencies. State-owned banks must have sufficient silver.

reserves, and cannot arbitrarily issue more currency to maintain the stability of currency, especially the stability of issued banknotes.

People habitually keep new coins in their hands and store them, and spend the paper money as quickly as possible. This accelerates the circulation and circulation volume of the paper money. Over time, the value of the paper money will always be reduced.

With strong support, paper money is gradually being trusted by more and more people. Yu Xiaotian believes that as time goes by, as long as the value of paper money is maintained, sooner or later people will gradually become accustomed to using paper money.

, instead of using those metal coins.

Although metal currency retains its value better, it is heavy and difficult to carry. As commercial circulation becomes faster and larger, it is much more convenient for business travelers traveling from south to north to carry paper currency than metal currency. Exchange business in various places

They are all unified. Gradually, paper currency will definitely become the main currency in circulation on the market. Sooner or later, metal currency will be squeezed into auxiliary coins, but this will take a process.

In addition, Yu Xiaotian also issued an order prohibiting any private banks or money shops from exchanging new currency privately, regulating their business practices, and requiring them to pay a certain percentage of deposits among state-owned banks in China before they can continue to operate.

They collapsed after a run in the province, causing civil chaos.

In short, the implementation of the new monetary policy has also improved the monetary system of large and medium-sized enterprises. Although it is still difficult to implement it now, the new monetary policy has been implemented, which will play a very good role in the future development of industry and commerce.

Those places where money is spent under the Ministry of Industry and the Ministry of Household Affairs have all begun to use paper currency to replace metal currency, as well as those state-owned industrial and commercial enterprises and Yu Xiaotian's original private royal enterprises are now the first to accept paper money.

trade.

The most critical thing is the official attitude towards paper currency after the introduction of paper money. The treasure banknotes issued by the Ming Dynasty depreciated violently. After they got into the hands of the people, they could not use the treasure banknotes to pay taxes, and even the government refused to accept them.

The treasure banknotes must have immediately lost their credibility. Therefore, the treasure banknotes issued during the Ming Dynasty quickly turned into waste paper.

However, after China issued paper currency, it always insisted on stabilizing the value of paper currency. The government also made it clear that when paying taxes, paper currency will be the main method. This makes the people feel completely at ease.

Since these banknotes are recognized by the government, there will be no problems for a long time. At worst, when they cannot spend them, they can just pay taxes to the government, so they no longer worry so much about the credibility of banknotes.

As a result, the promotion of paper money was gradually carried out, and the monetary credit of paper money was initially established, making more and more people willing to use or accept these paper money.

It can be said that after the establishment of the Dazhong Dynasty, Yu Xiaotian was very busy, constantly abolishing various bad policies left by the previous dynasty and launching various new policies, which made the development of the Dazhong Dynasty begin to rapidly enter a stage.

In the fast lane, development started like a rocket.

With the Qingming Dynasty in officialdom, the waste and corruption in the officialdom were greatly curbed, and a large amount of money was saved for the fiscal expenditure of the Great and Central Dynasty. While implementing various new policies, Yu Xiaotian also began to transfer the remaining money into the government.

A lot of money has been invested in infrastructure construction in various places.

Among them, the construction of water conservancy projects had already begun during the reign of Chongzhen. Over the years, a large amount of money was invested in repairing rivers that often flooded. Local governments took the lead and vigorously repaired the farmland.

Various water conservancy facilities were built, and a large number of wells were dug in the northern farmland.

For this reason, Yu Xiaotian also ordered the Ministry of Industry to use the existing technical level to personally design a new animal-powered well drilling machine to replace the previous method of digging wells that relied entirely on manual labor.

In ancient times, digging a well was quite laborious and dangerous. It basically relied on manpower to dig underground until water was dug out. During this period, landslides often occurred, burying the person who dug the well underground alive. Drilling a well was an absolute risk.

In this industry, people may die, and it costs a lot of money.

However, new animal-powered well-drilling machinery can make well-drilling much simpler and safer. This has also provided great help to northern agriculture in drought resistance. As northern agriculture develops, its ability to resist drought has been greatly improved.

promote.

Of course, these are all trivial matters. Yu Xiaotian is always paying attention to such trivial matters and is constantly implementing new policies.

In order to vigorously develop industry and commerce in the future, in terms of infrastructure, after he founded the country and ascended the throne, he began to vigorously build roads. The official roads in the previous years were in disrepair and lacked maintenance. Coupled with the limitations of road construction technology, the official roads in various places were in poor condition.

Very very bad.

Many official roads have been turned into deep ditches due to years of traffic and lack of maintenance. If it doesn't rain, they will be covered with thick floating soil. If it rains, they will become ditches, making it impossible for pedestrians or vehicles to drive on them.

So Yu Xiaotian joked in the court and copied a slogan from later generations, that is, if you want to get rich, build roads first, and repair the roads first, then various places will become rich faster.

As for the funds for road construction, he ordered the Ministry of Household Affairs to find a way to allocate them. Starting from the north, he would use the road construction methods he used on Taiwan Island. If the initial funds were not enough, he would select the main official roads for construction, and then follow up.

In the future, when the financial situation gets better and better, we will start building more official roads.

As for the manpower for building roads, they are requisitioned locally in various places. However, the project can only be started during slack periods and must be stopped during busy periods. Civilians are only allowed to be recruited within fifty miles to build roads. Civilians are not allowed to work on the construction site for a long time. In addition,

Governments in various places are also not allowed to let the people prepare their own food rations. Even if they do not pay wages to the people, they must at least provide them with food supplies when they work on the construction site, so that they can eat enough to work.

Although ordinary people can't make money by doing this, as ordinary people with poor business awareness, when they are idle, they are idle. Although when they are idle, it is not good to eat less and eat twice a day.

It is inevitable that even if you only drink porridge, you still have to eat your own food.

Now the government recruits them to build roads during the slack period. Although they have to work hard, during this slack period, they can eat for free on the road construction site instead of eating their own food, which saves money for their family.

They bought some food. Compared with the previous dynasty, when the government frequently demanded labor and required them to provide food themselves, they already felt that their treatment was quite good. Even if their contribution was not proportional to their income, they could only eat two rations a day on the construction site.

A full meal made them very satisfied.

Moreover, when you work in Public Enemy, you eat real food, which basically satisfies you. It is much better than drinking gruel at home, so ordinary people are willing to go to the construction site just for the food.

live.

So in fact, in this era, the real investment in building roads and rivers was not very large. The local government mainly paid for some food and some tools. The materials used for building roads were also solved by using local materials, and the cost was not very high.

There are even cases in various places where each household was originally allowed to provide only one laborer to work on the road construction site. However, in order to save their own food rations, some poor families actually rushed all the unused laborers to the construction site.

They had to work just for the two free meals provided on the construction site, so that they could eat enough and save their own food rations. It can be seen that the people in this era were still living a very hungry life.

Beginning in the third year after Yu Xiaotian ascended the throne and proclaimed himself emperor, that is, in the third year of Chengtian's reign, as the situation in the mainland of China and North Korea basically calmed down, Yu Xiaotian issued an order to begin expanding the navy, so that all these years he had been

The navy, which played an absolutely supporting role, finally ushered in its spring and began to enter a fast lane of rapid development.

Since Xiaotian issued a sea ban at the end of the twelfth year of Chongzhen, maritime trade activities along China's coast have begun to develop explosively.

A large number of merchants began to invest funds in sea trade. Some opened workshops to produce various goods for export trade, while others invested funds in speculation in building ships and recruiting sailors to go to sea for trade.

This also led to the explosive growth of the shipbuilding industry along the entire coast of China. The severe stagnation or even regression of China's shipbuilding industry, which had been caused by the Ming Dynasty's maritime ban policy for more than 200 years, was reversed in just a few years.

Yu Xiaotian issued an edict to impose a sea ban, and at the same time, he also lifted the original restrictions on the size of ships built. As long as you have money, and the boathouse also has this technology, you can build as big a ship as you want, but the prerequisite is that it must be strong and able to withstand the strong winds on the sea.

Only huge waves will do.

!!