Chapter 11: Gold and Silver State-Owned

Thank you for the tips of the two classmates of Xiaoao Jianghu and Niu 1000, the list was leaked yesterday, sorry!

――

Soon after the outbreak of the Wuchang Revolution, the Qing court dismissed Yinchang from his post and sent Yuan Shikai as a minister to control the armies of the waterways.

Yuan Shikai immediately issued an order to attack the revolutionary army of Xiakou (the old name of Hankou), and Feng Guozhang replaced Yin Chang as the commander of the First Army in the south, and he said to his subordinates very excitedly: "It's time for us to show our faces." ”

Since the establishment of the Beiyang New Army in 1895, this army has never been tested by war, and Feng Guozhang immediately issued a general attack order, and the Xiayang War broke out.

At this time, Yuan Shikai was still in Huanshang Village at the north gate of Anyang, and the price code given by the Qing court for the ministers and the control of the waterway armies was far from meeting Yuan Shikai's requirements.

At this time, in addition to the Beiyang Army, the new armies of more than a dozen provinces responded to the uprising, and the Qing court had to pin its hopes for quelling the rebellion on Yuan Shikai.

On October 19, the regent Zaifeng nominated Yuan Shikai as the prime minister of the cabinet, and four days later, Yuan Shikai led the guards mightily, mightily and prominently to Yanjing City, Zaifeng agreed that Yuan Shikai would govern all [***] affairs, but he has refused to hand over the real power.

Yuan Shikai began to realize that even if the rebellion was put down, Zaifeng would not let them go of the Beiyang group.

At this time, Wang Zhanyuan led 3,000 Beiyang troops along the railway line to attack Liujiamiao on the periphery of Xiakou, and the Wuchang Revolutionary Army was immediately hit hard and had to retreat to Xiakou.

The streets of Xiakou are complicated, the wooden houses are lined up one after another, it has become the place where the revolutionary army fights guerrillas, Feng Guozhang has made meritorious contributions, a few days later, Feng Guozhang went to the front line to supervise the battle, ordered heavy artillery to bombard Xiakou, and at the same time ordered arson, the fire burned for three days and three nights, and the prosperous streets of Xiakou became a scorched earth.

Huang Xing, who saw the Hubei Revolutionary Army retreating to Hanyang, thought that the Hubei Revolutionary Army had no chance of success, so he fled Hubei by boat and went to Jiangsu. At this time, except for Zhang Xun, the defender of Nanjing, the rest of the prefectures and counties have changed banners.

At this time, it was the end of October, Xia Jun learned of this news, and immediately sent the Fourth Reading Force Regiment to Hanyang to support the revolutionary army, and at the same time sent a rapid-fire artillery battalion to support Hanyang.

At this time, while Xia Jun was busy printing money, he began to form howitzer divisions and rapid-fire artillery brigades, and the artillery was expanded from the original regiment to a division, and the total number of howitzers increased to 324 and the number of rapid-fire guns increased to 162.

Just buying these artillery guns will cost 15 million points, but Xia Jun is not stingy, because with the artillery division, he really has the ability to compete with Yueben, and now there is a little less artillery regiment.

The artillery division is headed by Guo Qirong, the most outstanding student in the artillery department, and 80% of the artillery shells needed for the artillery division's usual training are coaching shells, which are very cheap, and only need 1 point each.

……

In terms of money printing, Xia Jun's banknote printing factory has just been built, and the first batch of revival coins was quickly printed.

In terms of economic system, Xia Jun convened three economic conferences in a row.

Xia Jun advocated nationalizing gold and silver, and in the future, all Fujian, Zhejiang and other territories would use Fuxing currency, and banks would not exchange gold and silver for the outside world.

In this era, no country has implemented such a policy, banks in various countries can still exchange gold and silver, and the United States is still issuing silver coins.

The price of silver will rise sharply in the future because of the policies introduced by the United States to stimulate the price of silver, and by the time of the Great Depression in the United States in 1929, the price of silver will fall sharply.

Such ups and downs are very unstable for the market, and a small one will cause huge losses, so Xia Jun advocated the nationalization of gold and silver.

In this way, the substitution of paper money for gold and silver is equivalent to getting all the precious metals that flow out of thin air, and the paper money is used internally, and these precious metals are used externally. However, some of these precious metals must be reserved, and if there are not enough reserves, paper money will be extremely fragile, and a casual financial war will lead to economic collapse, but it is still possible to use some of them.

There are three ways to eliminate the deficit, one is to borrow money from the public, one is to issue more money, and the last is to consume foreign exchange, when gold and silver are nationalized, these gold and silver are also considered a kind of foreign exchange, but they are the most important foreign exchange, because the banknotes of other countries are subject to seigniorage by other countries, which will depreciate over time, while the reserve gold and silver are not subject to seigniorage.

Once there are enough gold and silver reserves, there is no need to reserve much foreign exchange in other countries, so after the nationalization of a single tael of silver can not be spent, while the currencies of other countries can be spent with confidence.

Some people agreed at the meeting, while others thought it was too risky.

However, Xia Jun does not think that there is any risk in this way, first of all, the revival currency has strong anti-counterfeiting ability, and it will be updated every 7~8 years in the future.

As long as there is no risk of counterfeiting of paper money, and gold and silver are not used after nationalization, there is no risk in such a policy.

Moreover, the quantity of precious metals is limited after all, and the amount of money will not be enough after a certain degree of development, which will cause monetary tightening and is not conducive to economic development.

China has already taken away a lot of precious metals before, and the great powers are still taking China's precious metals at this time, and the loss of gold and silver can be prevented after the nationalization of gold and silver.

After three meetings, the policy of nationalizing gold and silver was formalized, and the Jian'an Banknote Printing Factory began to produce the main currency and auxiliary currency at full capacity.

This time, however, it was not a seigniorage, but a state ownership of gold and silver, so the coins were issued by the central bank.

――――――

Recommend a friend's new book "The Way of the Devil".

Introduction: The meridians are always burned by the nine evil flames, and they are tormented by pain and blood feuds; Suddenly, one day, a gold brick fell from the sky and changed his fate.

Let's see how Hantian relies on the scientific and technological products of a parallel space to destroy the enemy, torture and kill the enemy, and embark on the road of the peak of the strong.

Cultivator level: Qi training period, foundation building period, Jindan period, Yuan infant period, Void Stage, Illusory Period, Immortal Transformation Period, Tribulation Period, Mahayana Period

[bookid=2125965,bookname="The Demon of Phaselessness"]