Chapter 578: Currency Reform

The system of feudal society in China for thousands of years includes the cultivation and warfare civilization of the Qin, Han, Tang, Song and Ming dynasties, and the nomadic civilization of the minority groups such as the Yuan and Qing dynasties. In fact, the Qin, Han and Tang dynasties, a system in which martial artists were in power in the court, was the authentic civilization of cultivation and warfare. The late Song and Ming dynasties, on the other hand, were a shift from ploughing warfare to ploughing and reading.

Yuan, Qing such nomads were able to inform the majority with a few. However, in the long run, it is inevitable that they will be assimilated by the majority of people, and slowly change from nomads to farming and warfare, or farming and reading civilization.

Throughout the thousands of years of Chinese history, there is no doubt that the civilization of cultivation and warfare, or the civilization of cultivation and warfare, has occupied the mainstream.

Daqin is an era in which hundreds of schools of thought bloomed, and scholars do not have the same rights as later generations here. Therefore, Great Qin can be said to be pure and not mixed with a trace of other cultivation and warfare civilizations.

What kind of system is the civilization of cultivation and warfare, in fact, is very simple, it is literal. Ploughing war, non-ploughing is war. In other words, the main body of society is the two groups of people, the soldiers and the peasants.

If you want to change from an ordinary person to a superior person, it is not like the imperial examination in later generations, but to be a soldier and a farmer. If you farm well, you can become a master, and the same is true if you are a good soldier.

The advantage of the Gengzhan system is cohesion, and there is an unparalleled cohesion in the whole society. It is also the existence of this cohesion that makes Daqin's agricultural production and military strength grow day by day. There is more and more food, and the army is getting stronger and stronger. It is also with the blessing of this system that Great Qin can sweep the world and unify the six countries.

However, the formulation of a system must be polished over time before it can be gradually perfected. As time passed, the flaws of the Great Qin cultivation system became more and more obvious. Especially after sweeping the six countries and dominating the world, the entire Great Qin fell into a state of excess energy, but could not vent.

Fortunately, Li Chen came, and he appeared in this Great Qin who continued to change.

In fact, after the First Emperor unified the Six Kingdoms, Great Qin was not a prosperous era. It's not so much a prosperous era as a waste after the troubled times.

At that time, Daqin was actually very poor, and although the years of war allowed Daqin to own a large amount of land, in fact, at this time, Daqin was also in a state of confusion and confusion.

Gradually, the First Emperor discovered that the experience of governing the country in war was not very useful in the peaceful period. It is even said that it is not suitable at all, and the troubled times should be re-enacted, and the morale of Taiping is Huairou.

At this time, Li Chen came.

Li Chen came to Daqin with the experience of his previous life and mysterious knowledge.

Under the leadership of Li Chen, Great Qin changed from a farming and warfare civilization dominated by peasants and soldiers to a comprehensive civilization integrating peasants, workers, merchants, soldiers, and so on.

The effect of the reform of this system is obvious, under Li Chen's plan, Daqin has completely transformed from a period of ruins to a peaceful and prosperous era. The economy, agriculture, and military power are all growing rapidly.

In the history of previous lives, the common people were the most bitter group. No matter whether a dynasty rises or falls, it must be the people who suffer in the end.

And now, the people of Daqin are not bitter.

Nowadays, the people of Daqin, who are well fed, warmly dressed, have new clothes, new houses, and even those who can't marry a daughter-in-law, as long as you are not lazy, you can buy a woman of different races from the government to inherit the lineage.

Agrarian society, industrial society, commercial society, the Great Qin ravaged the process of thousands of years in China, and then formed a particularly peculiar system.

However, the development of society progresses. Then the most liquid is money, and the people need silver money for transactions between them, and silver money is also used for transactions between chambers of commerce and chambers of commerce. And to mint new money, a lot of copper is needed.

For example, before the Great Qin reform, each common man had ten copper coins in his hand. And after the reform, the copper coins in no one's hands became a hundred.

The increase in the size of the social economy, coupled with the increase in the population of the common people, made Daqin mint a large number of copper coins every year to maintain Daqin's economy. And it's even increasing year by year.

However, at the same time, copper is a strategic material for Daqin. Cannons, muskets, bullets, cannonballs, likewise all require large quantities of copper.

The people also need to use it, and the army also needs to use it, but the land of China is a copper-poor area. Since it can't be open sourced, then it can only be throttled.

Today's Daqin can be said to be a copper-based monetary mechanism, that is, all commodities in circulation in the market, including gold and silver, are traded in proportion to the value of copper.

What Li Chen has to do now is to turn Daqin's copper-based trading into a monetary mechanism with a mixed gold and silver standard. Use silver to replace small transactions on the market, and use gold to Wancheng for large transactions. Then gradually the copper on the market was withdrawn to be used for military use.

This is not a difficult thing for the current Great Qin, because although the current Great Qin is mainly copper coins, the bulk transactions are in gold and silver. Of course, the main thing is that gold and silver are precious metals that do not depreciate, or very rarely. In the case of large transactions between chambers of commerce, if you use copper coins, you are afraid that it will take several cars.

According to the current system of Great Qin, if you want to develop gold and silver currency, Li Chen thinks it will work. As long as you don't want to play with any banknotes at this time, you won't mess with it.

Li Chen naturally wouldn't be stupid to popularize any banknotes in Daqin, this is something that only a fool can do. Let's not talk about how printing and anti-counterfeiting technology are popularized in this era. But in the eyes of the people, gold is gold, and silver is silver. But if you want to popularize it to the people, paper is gold, and paper is silver, I am afraid that the old Qin people will draw it to tell you what is the price of fooling the old Qin people.

To completely eliminate copper coins on the market, the first thing to solve is the problem of small transactions. Because silver is a metal that is slightly more valuable than copper, and the smallest denomination in circulation in Daqin today is a copper plate.

Since silver is more valuable than copper, it is almost impossible to reach a copper plate with silver. In order to achieve the purpose of small transactions, Li Chen decided to mix silver and iron together, and mix them into a silver-iron alloy in the ratio of one silver and nine irons to mint small coins. The value of this small coin is probably the value of the previous copper plate.

On top of the small coins are the medium coins, which are silver coins made entirely of silver. On top of the medium coins are large coins, which are minted from gold and silver alloys. The ratio of gold and silver alloy is also one gold and nine silver.

On top of the big coin is the upper coin, and the upper coin is a gold coin, and the whole body is minted in gold.

Small currency, medium currency, large currency, and upper currency, these four levels of currency are enough to cover all transactions between the people at the bottom and the chamber of commerce at the top of the Great Qin.

The conversion between small, medium, large, and upper coins is the decimal system. It is ten small coins equal to one medium currency, ten medium coins equal to one large currency, and ten large coins equal to one upper currency.

(End of chapter)