In the eighth year of Chongzhen and the ninth year of Tiancong in the Later Jin Dynasty, after Huang Taiji bowed his head to the Ming State by retreating, he put most of his energy on developing domestic production and sorting out the relationship between Manchuria, Mongolia, and Han people. Books.com

Relying on the population and a large amount of property looted from Korea, the Houjin cultivated the surrounding areas of Shenyang on a large scale, and introduced potatoes, corn, and other overseas crops brought in from the Ming Kingdom in agriculture, and the Koreans successfully planted early-maturing improved rice in the northeast, which greatly increased the grain production of the Houjin.

Later, the issuance of gold banknotes also began to gradually improve, not only in Shenyang and Yingkou to gain recognition, but also began to penetrate into the Mongolian and savage Jurchen tribes under the post-metal.

The development of agricultural production made the granary of Houjin begin to be abundant, and the discovery of paper money quickly made Houjin's national use sufficient. The nobles of the Eight Banners and those Han officials did not understand the economic laws of the time, but this did not prevent them from complimenting Huang Taiji and praising this policy as a good government for the people and the country.

Although Huang Taiji was not carried away by these compliments, he did not think that he could make money by printing paper money. However, the stability of market prices and the continuous accumulation of wealth in the treasury made him reluctant to limit the scale of paper money issuance.

What's more, there is still an insurance in his heart, thinking that something is really going to happen, and Fan Yongdou, who is in charge of the issuance of banknotes, will be pushed out to calm the anger of the public. If there were restrictions on the printing of banknotes, whether it was to carry out reclamation or to build ordnance, it would be limited by insufficient funds, which was not what he wanted to see.

For businessmen such as Fan Yongdou, who presided over the issuance of banknotes, they feel as if they are reincarnated between heaven and hell.

The issuance of paper money allowed them to exchange worthless paper for bulk materials and hard currencies such as gold and silver in the Houjin market, and then sell them to the merchants of the Ming Kingdom at a high price, and the difference between the two greatly benefited both the treasury and the merchants who handled it.

Moreover, another advantage of paper money replacing coins as currency is that the paper money deposited in the hands of merchants or ordinary people is equivalent to them lending their wealth to the state without interest.

However, as the scale of banknote issuance continued to expand, merchants such as Fan Yongdou found themselves in a huge whirlpool.

First of all, the Later Jin Dynasty and its affiliated Mongol and Savage Jurchen tribes did not develop the concept of commodity economy at this time. Most people believe that gold and silver, although valuable, are still less important than the various production and living materials.

The Mongols and savage Jurchens preferred to exchange a few good mink and fox skins for a warm fur hat or a barrel of wine than to accept gold and silver currency. The nobles of the Eight Banners preferred to exchange the output of the manor for various cloths, silks, porcelain, tea, sugar and other goods produced in the Ming Kingdom.

It is also said that whether it is the subordinate tribes of Houjin or the Manchu and Mongolian people in China, the premise for them to recognize and accept Houjin banknotes is that these banknotes can buy goods from the Ming Dynasty.

The only things that could be used to support the exchange value of these banknotes were horses and grain. As the total amount of banknotes continued to rise, Fan Yongdou realized to his horror that the issuance of banknotes did not make the Houjin economy independent, but made the Houjin economy more dependent on commodity trade with the Ming Kingdom.

Unless the Khan ordered the confiscation of the public property of the Mongol tribes and the banners, the horses and grain owned by the state could not offset the amount of paper money that had been issued, which could only cause a large depreciation of the paper money, and it would be abandoned by the people like the Ming treasure banknotes.

Fan Yongdou felt that there was always a chill in the back of his neck, if such a scene really happened, he didn't think that those Manchu nobles who had suffered losses would easily let him go.

The most chilling thing for him is not only this, the Aixin Jueluo family has strong heirs, and there are as many as 100 children in the clan. Not all of these clan disciples are as talented as Yue Tuo and others, and they are talents who can lead the army.

Although the Later Jin Dynasty has just risen, these clan children are not as bastard as the clans of the Ming Dynasty, but they still need to be supported by the state. The economy of the Later Jin itself was underdeveloped, and the extra little belongings were not invested in reproduction, but were used to win over the Mongols and the savage Jurchen tribes, so the clans of Aixin Jueluo have always lived a relatively poor life.

Now that Fan Yongdou, an outsider who fled from the Ming Kingdom, has suddenly become rich with the help of printed banknotes, the children of the clan who love Xinjueluo are naturally unwilling. Most people think that printing paper money is not a difficult task, and it is really unconvincing that such a simple matter is not handed over to the management of his family, but given to an outsider with a low status.

These clan disciples will naturally find fault with the door from time to time, and by the way, fight the autumn breeze. And what is even more troublesome for these clan children is those women who love the Xinjueluo family, they often come to borrow money openly, not to borrow again, but to borrow money at the end of three days and refuse to pay interest.

These women who love the Xinjueluo family, whether they are called aunts or Gege by Huang Taiji, their greedy behavior for property, even Huang Taiji is helpless, and can only scold their husbands and fathers for a few words.

Under this kind of internal and external attack, even Fan Yongdou himself had to break through the amount of banknotes issued by himself, and the number of post-gold yuan issued broke through to a new height again and again.

The constant pouring of money into the treasury always gives everyone the illusion that this prosperity can last forever. Even a few smart people think it's wrong, and they just want to make a fortune before the building collapses, rather than trying to stop the collapse of the building.

Of course, the fear of Fan Yongdou and others, Huang Taiji can't feel it. The increase in grain production and the abundance of the economy enabled him to woo the Manchu and Mongolian relatives and nobles, and to eliminate the instability brought by the rebellion of Amin and Mang Gurtai.

The surrender of the Zhenglan Banner to the Ming Dynasty caused a great setback to the forces of the Mang Gurtai lineage, and even after Huang Taiji redeemed many of the Zhenglan Banner generals, most of the forces loyal to Mang Gurtai and Derge have stayed in the Ming Kingdom.

Over the past year or so, Huang Taiji has reorganized the blue flag, the blue flag, and the yellow flag, not only rebuilding the organizational structure of the three flags, but also ensuring the loyalty of the three flags to himself.

In this way, the two fathers and sons, Huang Taiji and Haoge, controlled the two yellow flags and the two blue flags, and became the real first military group of the Jurchen Eight Banners.

At the same time as rebuilding the Eight Banners of Manchuria, Huang Taiji also eliminated the Mongols from the Eight Banners of Manchuria and combined them with the Four Banners of Mongolia to form the Eight Banners of Mongolia. He made Adai, *, Engtu, Eju Buyandai, Wu Lai, Hu Xibu, Yibai, and Eju Suna the Eight Banners of Mongolia the Eight Banners of the Eight Banners of Mongolia and the Eight Banners of Mongolia with a quota of 18,064 people.

This move seemed to be intended to strengthen Manchu control over the Mongols, but in fact it weakened the power of the Manchurian Eight Banners and strengthened the power of the Later Jin Khan. In the past, these Jurchenized Mongols would only obey the orders of their own banner masters, but after that, they would only obey the orders of the Later Jin Great Khan.

As for the Mongolian tribes abroad who were dependent on the Houjin, Huang Taiji also organized the remaining five tribes into 13 banners to prevent these tribes from fleeing to the Ming State again. The 16 tribes of Monan Mongolia have been divided by the Ming Dynasty and the Later Jin, and there is no independent tribe.

As for the three tribes of Mobei Mongolia, although they still tried to find a relationship between the Ming Kingdom and the Later Jin Kingdom, due to the continuous extension of the Ming trade routes in Mobei and the orders of the local councils of the Southern Mongolia Dynasty, the low-level herdsmen of Mobei Mongolia began to tend to throw themselves into the Ming Kingdom.

Surrendering to the Ming State and trading with the Ming State, it is obviously to throw himself into the Later Jin, and it is much safer and easier to follow the Later Jin to invade the Ming State.

Huang Taiji thought hard for more than a year, and finally eased the political struggle in Houjin, and there was a scene of a somewhat full treasury. But when he looked around again, he found that Houjin seemed to be trapped in a cage at the moment, and it was difficult to find the direction of development for a while.

Except for Mobei Mongolia in the northeast and Huerha in the north, the rest of the regions were either controlled by the Ming Dynasty or allied with the Ming Dynasty. Although some Han officials saw that the domestic situation had stabilized, they once again wrote to him to ask for the start of a war against the Ming State, but the nobles of the Eight Banners were silent about this.

Huang Taiji knew that the surrender of the Zhenglan Banner to the Ming State had seriously dealt a blow to the self-confidence of the soldiers of the Eight Banners against the Ming army. Many people privately believe that the fertile land of Liaodong is enough for the Manchurians to claim the king here, so why bother to fight with the Ming Kingdom.

Others feel that the total number of Manchurians is only a million, and that there is one less than one death, while those Han people have hundreds of millions of trillions in the Guan. Even if one Manchurian exchanged the lives of 10 Han Chinese, and the Manchurians were all wiped out, the Han people would only have one broken arm. Those Han officials who surrendered always wanted to provoke Houjin to start a war with the Ming Dynasty, did they really get closer to Houjin or wanted to destroy our clan?

Although Huang Taiji heard about these remarks discussed in private by the Manchurian generals, he could only pretend to be deaf. The reason why these Manchurian generals were so indignant was, in the final analysis, that the battles with the Ming State in the past few years had little to gain except casualties. The preferential treatment policy of the Ming Emperor for prisoners also greatly eliminated the hatred of the low-level soldiers for the Ming Kingdom, especially those prisoners who were released, and their disgust for war was extremely obvious.

In order to prevent these surrendered troops from affecting the morale of the Eight Banners, Huang Taiji could only isolate these captured generals and work in isolation, demote them, and disperse them to other units. Although these actions preserved the morale of the Eight Banners, they also made many captured soldiers even more discouraged.

In such a situation, Huang Taiji naturally believed that the time had not yet come to start another war with the Ming Kingdom. However, he also realized that he could no longer condone the Ming army along the Heilongjiang River and draw all the Huerha tribes over, so that a unified Huerha regime would appear in the north of Houjin, and Houjin would fall into a situation of siege on all sides.

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