Chapter 424: The Jingle of American Poverty

Grant was completely shocked, this guy seems to be in his twenties, how can he seem to know everything! You can think of such a clever plan!

Lincoln on the side was also excited, and shouted: "Yes, General Guo, your proposal is too good, if you really recruit soldiers from serfs, I'm afraid that in less than two months, we can arm another 100,000 troops, or even 200,000 troops, and it is a cheap army!" ”

I rub!

Guo Ye was completely speechless, it turned out that Lincoln's excitement was actually because he had found a cheaper source of soldiers!

Of course Lincoln is excited, now an ordinary American soldier's monthly salary has reached between $600 and $700, and Guo Ye's soldiers have reached a monthly salary of $800, just based on 200,000 troops, now a month, the federal government needs to pay as much as $20 million in military spending! Two million dollars! This is solid money, who doesn't feel distressed?

The current U.S. federal government is far from as beautiful as imagined, since the beginning of the Anglo-American War in 1812, the U.S. federal government's finances have been in deficit one after another, until now, the deficit has lasted for nearly 50 years, you can imagine what kind of situation the U.S. finances have become, just at this juncture, the U.S. civil war broke out in the United States, and the U.S. financial implementation has worsened, and in less than two years, the U.S. federal government's military spending has exceeded one billion dollars. At present, the total fiscal revenue of the US federal government is less than $200 million a year! The huge fiscal deficit had already overwhelmed Lincoln, and now Guo Ye's proposal to recruit soldiers among blacks was undoubtedly a relief in disguise.

Blacks are among the extremely cheap laborers in the United States. Even the military is a high-risk, high-income group. That would not have paid a black soldier more than a dozen dollars a month. That's just one-third the size of the average U.S. soldier!

If 100,000 black soldiers were to be drafted, they would save hundreds of millions of dollars in revenue compared to white soldiers in one year! This is definitely an astronomical amount, which is already equivalent to half a year's income of the US federal government!

Don't think that the US federal government has a lot of money, the current US federal government's fiscal revenue is only equivalent to one-twentieth of the gross national product, that is to say, even if the gross national product is as high as $5 billion, the annual fiscal revenue is only more than $200 million.

Of course, Guo Ye will not study the finances of the United States in this era so thoroughly. Where did he know that Lincoln was about to be driven crazy by military pay?

Lincoln exclaimed, "Thank you! General Guo, thank you so much, your reminder to me is too timely, this will solve the huge financial problem of our federal government! ”

Guo Ye was puzzled: "What? Mr. Lincoln, your country's finances are in trouble? Probably not, your war has only just started less than two years ago, the total strength of the two sides is only 500,000, and the northern army is less than 300,000, and you can't afford the military expenses of 300,000 troops? ”

Lincoln smiled bitterly, "General Guo." Do you think our federal government is rich? ”

Guo Ye was surprised: "Isn't it? At the very least, as one of the world powers. Your finances will not be without money! ”

Grant smiled bitterly and said, "General Guo, let me tell you this, now our annual financial income is 280 million US dollars, and do you know how much we spent on military spending last year?" A billion dollars, a whole billion dollars......"

Forehead!

One billion dollars, Guo Ye's head was big at that time, one billion dollars, even if the dollar is worthless, converted into silver, it will be six or seven billion taels of silver! Put it to the Qing government, that is the total financial revenue of the Qing government for 15 years! These people are literally burning money!

Lincoln said, "How? General Guo now knows how difficult our finances are......"

You know, if you don't know like this, then you don't become a fool? Don't say that the United States, even the British Empire, can never afford such a big expense! I really don't know how the Americans spend their money!

Guo Ye was speechless, in fact, the problem is also very simple, Americans cherish life the most, there is no high price, there is no way to attract ordinary 100 people to join the army, not only in the northern government, but also in the south to face this problem! The annual salary of a US soldier is as high as 1,800 US dollars, which is equivalent to three times that of a skilled worker, and the military expenditure of 300,000 US troops alone is as high as 500 million US dollars! Coupled with the consumption of military materials such as weapons, ammunition, food, baggage, etc., it is not impossible to break through one billion!

Lincoln continued: "Now the country only prints a large amount of money except for the issuance of public bonds, but what we did not expect is that a large amount of printed money has caused prices to soar in the north, and now the people in the whole north have complained, and we really don't know what to do......"

Printing money......

Guo Ye was speechless for a while, in this era, even savvy Americans have not realized the huge destructive power of excessive printing money to the social economy!

Guo Ye sighed and replied, "Okay, Mr. Lincoln, as your friend, I am willing to help you, and in order to make our future friendship stronger, I will give you a suggestion!" ”

Lincoln wondered, "What advice?" ”

Guo Ye said in a deep voice: "That is, we must stabilize the issuance of currency, and if you issue currency without control, your country's economy will definitely collapse!" Stop the unbridled issuance of money! ”

Grant said worriedly: "General Guo, what you said is light, we stop printing money, so where will the money come from for war?" Is it just debt? We've got to pay it off, and now we're in debt......"

Guo Ye shook his head and replied: "Of course, it's not just about borrowing, needless to say, borrowing is much stronger than issuing a large amount of currency!" Issuing a large amount of additional currency is a dead end! ”

"Why?"

"It's very simple, your country only produces so many things in a year, for example, only 500,000 dollars worth of materials, and you print 500,000 dollars, that's just right, but what if you print 3 million dollars? Your currency has increased, but the materials you produce are still the 500,000 dollars, no matter how much money you have, is it useful? If the price of your supplies doesn't skyrocket, that's hell! ”

Guo Ye said helplessly to Grant.

Grant's face was full of shock, and Lincoln on the side was dumbfounded, there are a large number of economists in the United States, and no one understands this truth! It's ridiculous, it's really ridiculous, in the end, I want an Oriental, and an Oriental soldier, to guide the federal government! Ridiculous!

(To be continued.) )