As the entire territory of the Ming Dynasty was about to complete the reform, Zhu Youxiao's long-term idea finally had the conditions that could be realized, that is, to abolish the silver standard. Pen, fun, and www.biquge.info

China has long been a country with gold as currency, the Ming Dynasty was due to the interruption of trade, resulting in a decrease in the import of gold into China, plus the dead brought a lot of gold into the ground, it is said that Genghis Khan of Mongolia, after his death is estimated to bring a large amount of gold to the ground.

There was not enough gold in circulation, and there was severe deflation in the market, which led China to start using silver as a currency. At first, the Ming Dynasty did not recognize silver as a currency, but the people used it a lot, so they finally began to use silver.

The Ming Dynasty did not really include silver in the tax system for a long time, that is, during the period of Zhang Juzheng.

But there's a problem, there's too much silver in South America.

Now the Europeans trade with the Ming Dynasty and use a large amount of these silvers, which is a Ming robbery in Zhu Youxiao's opinion! It is really not cost-effective to use a bunch of industrial raw materials such as silver to change a large number of commodities produced by the people of the Ming Dynasty.

The reform had not been completed before, and Zhu Youxiao was worried that the introduction of the gold standard would harm the interests of ordinary people. Most of this reform has been completed, and the Apocalypse Treasure banknotes are already circulating in most parts of China, just one southwest region away.

At this time, the Ming Dynasty was conditioned to implement the gold standard. The first is the gold mines in South Africa, which allows Daming to obtain a large amount of gold every year, and at the same time, gold mining activities in the Outer Northeast are also carried out in large quantities. Now the Ming official obtains a large amount of gold every year.

At this time, the silver standard was abolished, and there was enough gold to support the face value of the Apocalypse Treasure Banknote.

In fact, it is not much of a problem if you don't need gold support, as long as the Apocalypse Treasure banknote is an officially issued and recognized currency, and don't print the banknote worthless.

As a trade surplus country, even if the Ming Dynasty exposes gold to the outside world, the Apocalypse banknotes are linked to gold and adopts the gold standard system, which will not lead to the outflow of gold.

The most important thing is that after the gold standard was adopted, the Europeans could not exchange a large amount of Chinese goods by plundering silver from South America, but could only export raw materials, grain and other things to China in exchange for goods.

When the time comes, the Europeans will want gold without gold, and they will want industrial commodities but there will be no industrial commodities, so what money will they use to engage in industrialization?

After industrialization, you can only sell it in your own country, and at most rely on tariff protection, but if you want to sell your goods, you can't compare with China in terms of technology, and you can't compare with labor costs! It is basically unrealistic to sell, and the international market must be controlled by Daming.

Think about how much hardship China suffered in order to industrialize in later generations.

Those Europeans have nothing to rob in the future, and there are no goods to export for money, and at the same time the culture is not advanced, and the labor force is not abundant, what do they use to industrialize?

Just put the theories and drawings in front of them, and they will build some steam engines at most! It is completely unrealistic to want to industrialize, and it is even more ridiculous to build an industrial system. Before Zhu Youxiao's rebirth, the Europeans could develop modern civilization, and it was because of China's absence that they had plenty of time to develop, but in fact, the development speed of Europeans was still relatively slow, and it took three hundred years to develop into the era of ironclad ships.

Therefore, at this time, Zhu Youxiao did not prohibit private capital from participating in ocean trade, and if private capital participated in ocean trade, tariffs could be increased a lot, and the efficiency of foreign trade would also be greatly improved.

As for the imperial court, it is mainly responsible for maritime security, and of course, the state-owned ocean-going trading fleet still has to continue to operate.

In the era of agricultural globalization, China's participation in global trade does not feel a little cost-effective, because the barbarians do not have any civilian goods imported into China, that is, some curiosities and other things, which are also played by the rich. But now that the Ming Dynasty has a steam engine, the industrial revolution is in full swing.

The industrial age has come, and the market of those barbarians is also possible, and at the same time a lot of raw materials are obtained from those barbarians.

The premise is that the Ming Dynasty cannot suffer losses in trade, and the adoption of the silver standard will suffer a lot.

Therefore, in the fifteenth year of the Apocalypse, Zhu Youxiao ordered banks to settle in the southwestern provinces, and at the same time issued and circulated the Apocalypse treasure banknotes in the southwestern provinces, and abolished the cash and silver transactions.

The circulation of paper money is not necessarily accompanied by reform. Paper money can also be circulated first, and the silver standard will be abolished after the people's silver is almost exchanged, and the imperial court will not lose anything.

It's just that the precious metal linked to the Apocalypse Treasure Bill has been exchanged from silver to gold.

This policy was not implemented until after the autumn harvest.

In October of the fifteenth year of the Apocalypse, the Central Bank of the Ming Dynasty officially announced: the silver standard was abolished, silver was no longer used as currency, and the Apocalypse Treasure Banknote was linked to gold.

As soon as the policy came out, silver changed from a precious metal to an industrial raw material, and the exchange rate with the Apocalypse Treasure Banknote fell from the original 1:1 to 3:1, and the value of silver directly depreciated three times.

But those who held the Apocalypse Treasure were not affected. The exchange rate between the Apocalypse Treasure Banknote and Gold is maintained at 10:1.

The equivalent of the exchange rate between silver and gold has become 30:1, instead of about 10:1.

As soon as the policy came out, ordinary people were not greatly affected. Of course, there are also some ordinary people who didn't believe in the Apocalypse Treasure Money before, and they still have some silver in their hands, but their faces are directly black. However, there are not too many such groups, and it is many large families who really have black faces.

There are too many big families who don't believe in the Apocalypse Treasure Banknote, and many large families have hundreds of thousands of taels of silver hidden in the vault and are moldy, anyway, they will not be in a hurry to use it for a while, and they feel that the Apocalypse Treasure Money may depreciate in the future, just like the treasure money with the previous Ming hairstyle, it will be worthless, so they are extremely distrustful of the Apocalypse Treasure Bank.

As a result, as soon as the policy was announced, the wealth on hand shrank to one-third of the original amount.

Some of the potential liquidity was abolished by this policy, and the Apocalypse Treasure increased the money supply and supplied money to the market through large loans, so the abolition of silver's monetary properties did not cause any economic problems. The economy of the Ming Dynasty, at the end of the fifteenth year of the Apocalypse, was still very prosperous, with construction sites everywhere and factories still very busy.

Foreign trade was somewhat affected, and the Spaniards and Portuguese were soon dumbfounded to find that their silver could not buy much in Daming.

This led to a sharp decline in trade volume, but the economic impact on the Ming is not large, itself Ming is a very large market, and the European market is actually not large, in the past the role of trade between Europeans and Ming is to import liquidity, but now the Apocalypse Treasure has solved the problem of liquidity, deflation does not exist, the trade between Europeans and the Ming Dynasty, has lost this financial function.

Of course, gold is still valuable, and the Spaniards still have a lot of gold in their hands.

The Ming Dynasty abolished the currency attribute of silver, which immediately affected the currency exchange rate in Europe, and the price of silver also fell. The influence of the Ming Dynasty, a productive empire, is still very strong. If the Ming Dynasty was not a production center, then even if the monetary attribute of silver was abolished, the Europeans would still play their own games and would not be affected.

But the problem is that many of the goods that Europeans need must be purchased from the Ming Dynasty, which affects the value of silver in Europe.