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The number of workers employed in the military, coal, and steelmaking industries has exceeded 5,000, and the military industry alone has more than 3,000, not including the number of workers in civilian workshops. In addition, the exponentially expanded army, the government officials of the commissioner's office and various counties, the people fleeing from the Yellow Flood Area and the occupied areas, etc., the money and food in the entire base area are not abundant.

If it had not been for the recovery of a large area in eastern Henan, the "granary" in hand, and the implementation of a series of new economic policies, the problem of money and grain would have been basically solved. And the war will continue for a long time, and the basic solution will only be temporary and short-term.

"This year's increase in income is obvious to all, and next year we will strive to use 80 percent of the fertilizer in cultivated land. Grain for fertilizer, settlement after the autumn, the people can use it without surplus money in their hands, and the increase in income in a year can be slowed down, and they will be consciously voluntary in the future. ”

"The war has affected the price of land, so that soap, tooth powder, glycerin and other civilian goods factories to attract investment is relatively smooth, enlightened people Zhu Yuanzhi, Gao Kunshan and others took the lead in generously donating money and selling property, some landlords are also gradually changing their attitude, exchanging land for shares, or selling land for shares, and the first batch of small factories have been built for production."

"With the assistance of the military, the implementation of the policy of rent reduction and tax reduction has been implemented in the old area, and the ...... will be carried out in the new area next year."

"Mr. Du Lao completed the survey task of the Yellow Flood Area and made a proposal: the special administration allocated funds to build a levee along the west bank of the Yellow Flood Area with work for relief......

Yang Tianfeng was still listening attentively in front of him, and when he arrived at the embankment, he hurriedly waved his hand and shook his head, and said bitterly: "Special agency to draw money? Where does the money come from? I'm afraid this won't be possible for the time being. ”

In the investigation report, in addition to explaining the flooding situation and the living conditions of the victims, he also wrote about the political, economic, and military conditions of the Yellow Flood Area, and finally put forward the idea of building a levee.

If this proposal is realized, it will have the following advantages: (i) it will prevent large areas of land west of the Yellow Flood Area from being inundated; (2) Cash-for-work relief can provide relief to disaster victims; (3) It can be used as a river defense fortification, which is conducive to the War of Resistance; (4) The embankment can be used as a transportation road, which is conducive to the prosperity of the economy of the Yellow Flood Area.

"That old Mr. Du's hard work, and-" Zong Hui wanted to speak and stopped, a little embarrassed.

Yang Tianfeng thought about it, and it seemed that the matter of repairing the embankment had indeed been completed, but it was a few years later.

"Instead, the government will pull out the funds." Yang Tianfeng touched his chin and said thoughtfully: "Xingwen Xi'an General Office, the Yellow River Water Conservancy Commission, the First and Fifth Theater Governors' Headquarters, and the two provincial governments of Henan and Anhui, without the approval of these departments, from Xinzheng to the head of the realm, is that a joke?" Now, we must first of all do a good job of our jurisdiction, which is located in the yellow flood area. If the land cannot be planted, fish and ducks will be raised in the pond, and the burden will be reduced a little if it can be reduced. ”

"Understood." Zong Hui nodded, skipped the report material, and talked about the economy and trade of the base area.

The War of Resistance Against Japanese Aggression was not a simple military war, but a general war of the Chinese nation. In addition to the contest of armies, weapons, and strategy and tactics, the contest of economics also determines the final direction of the war.

Unified finance, rent and interest reduction, self-reliance to promote production...... During the Anti-Japanese War, a series of economic measures carried out in the anti-Japanese base areas were closely related to the war. Behind the blazing fires, short guns and long artillery, there is actually an economic war without gunpowder.

And an army will not be able to do it without financial revenue, and it will not be able to go long only by relying on the support of the goods collected from the war.

The Commissioner's Office abolished many exorbitant taxes and miscellaneous taxes, implemented a new tax policy, added commercial taxes and expanded the scope of collection of excise taxes, and the tax system became more and more perfect, for example, the collection of progressive taxes on agriculture was more scientific and perfect than before, and the formulation of excise taxes was also progressing year by time.

"Preparations for the issuance of commodity negotiable bills are nearing completion and the issuance is expected to begin by the end of the year." Zong Hui paused and added: "If the deterioration of the situation exceeds the limit, it can also be issued in advance, but it is a little hasty. ”

During the entire period of the Anti-Japanese War, Japan's money printing machine never stopped, and the counterfeited Chinese currency produced exceeded more than 4 billion yuan. In addition, the Japanese army also used the banks of the puppet regime to print counterfeit banknotes. These counterfeit banknotes, together with the economic blockade of the Japanese army, stifled the anti-Japanese struggle in the anti-Japanese base areas.

However, it was difficult for the national government at that time to achieve fiscal balance, and in order to hedge the deficit, the central bank increased the issuance of fiat currency, and the endogenous inflation contained in it was inevitable.

At the same time, due to the fact that a large number of fiat currencies in the occupied areas were rejected and their value was low, the prices of fiat currencies in the national control areas and those in the occupied areas were different, and arbitrage opportunities arose. Transporting the fiat currency of the occupied areas to the Kuomintang to buy supplies, buying and selling them, can make huge profits. Smuggling has led to a greater scarcity of goods in the Kuomintang area, which has further pushed up the inflation level.

In order to control inflation in the base areas as much as possible, the use of internal currency is one solution. However, this was unacceptable to the government, so Yang Tianfeng adopted another roundabout strategy -- issuing negotiable coupons to resist economic aggression and avoid the outflow of materials by replacing currency negotiable coupons.

"Since the economic situation is still within our reach, let's try not to rush too much." Yang Tianfeng thought about it and sighed helplessly, "Try to print the circulation coupon as well as possible, it can be used for a longer time." Otherwise, in order to prevent the devil from forgery, you can only keep reprinting new versions, so that the printing of counterfeit coupons cannot keep up with the update and printing speed of real coupons. This is a local method, and it is more troublesome to use! ”

Zong Hui finished the work report and resigned. Yang Tianfeng fell into a long thought.

War is not a simple contest of weapons, and if there is no guarantee of economic foundation in the base areas in this war of resistance against Japan, it is difficult to say what the outcome will be. The key to the economic role played in the war was to ensure the basic living needs of the military and civilians during the war.

And from a higher and farther perspective, Japan did not have the ambition to defeat China militarily, so it wanted to defeat China with a currency war. They use counterfeit and confiscated fiat currencies in the occupied areas to purchase large quantities of military supplies for them in the international market and control the economic and financial lifelines of the occupied areas.

Maintaining the circulation of fiat currency in the occupied areas and consolidating people's confidence in fiat currency to a certain extent undoubtedly played an important role in the maintenance of the entire anti-Japanese war economy.

Therefore, Yang Tianfeng can't scrap fiat currency, and he doesn't want to scrap it. Then he will have to make plans to maintain the credibility of the fiat currency and fight back against the devil's currency war.

Objectively speaking, as a kind of credit banknote that was still in its youth, fiat currency still stood stubbornly in the struggle against Japanese counterfeit currency, despite the bloody and bloody stumbles all the way, and despite the congenital deficiencies and internal and external troubles, so that China's economy did not completely collapse.

…………… (To be continued.) )