Due to the abundant supply of grain overseas, the Ministry of Household Affairs revised the rules for land endowment, no longer levies taxes in kind, and all taxes were converted into silver coins to be paid, and taxes were greatly reduced or reduced, striving to hide wealth from the people.

Although the influx of grain from overseas has improved the situation of watching the sky and eating in previous years, it is also a double-edged sword, and local agriculture has been hit to a certain extent, and the crops grown in a year of hard work cannot be sold at a high price, so they can only be stored at home, but they cannot be sold, and there is no money to pay the fields, and this has formed a strange circle.

God closes a door and opens a window, and although the peasants can no longer support their families by farming, the various factories and workshops in the cities provide them with a lot of employment opportunities.

The overseas trade of the Ming Dynasty greatly stimulated various domestic industries, porcelain, silk, cotton, paper, and machinery were exported in large quantities, and the original small workshops have been developed into large factories, but they still could not meet the demand, and they had to expand reproduction, buy fields in the suburbs, build factories, and recruit farmers as workers.

In the factories around Shanghai Road, the monthly salary of a mature technician is fifteen taels of silver, and the monthly salary of apprentices and female workers is five taels of silver, which is already equivalent to the income of the yamen officials.

The handicraftsmen in the cities gradually evolved into the embryonic bourgeoisie, the peasants who broke away from the land entered the cities and became a new generation of citizens, everyone had money in their pockets, and began to want to save some possessions.

For thousands of years, the habit of the Chinese is to buy land with money, turn working capital into real estate, and then hide silver in the cellar for emergencies, ten years ago, the emergence of Rishengchang changed some of people's concepts, no longer hiding silver in the cellar, but depositing it in reliable money to eat interest, and the emergence of the Shanghai Stock Exchange has changed people's concept again, no longer buying land, but buying stocks and bonds for capital operation.

A lot of money from the Ming Dynasty has come from overseas Wa Kingdom, Nanyang, The amount of silver flowing into the Song Dynasty and other places is extremely huge, has greatly exceeded the total amount of social ownership in the founding period, according to the estimation of Hu Yimin, the great treasurer of Rishengchang, the domestic silver should be about 3 billion taels, of which two-thirds are non-circulating, now this situation is slowly improving, a large amount of silver invested in the stock market is equivalent to injecting funds into listed enterprises, with funds, these enterprises will develop bigger and stronger, now the Ming Dynasty has gradually moved from a budding capitalist feudal country to a real capitalist empire.

The exhibition of society will not rely on a single person, in the process of the slow turning of the huge ship of the Ming Dynasty, countless outstanding sons and daughters of the Chinese nation have contributed their wisdom, Peng Lao, the owner of the Chilean National Railway, Hu Xueyan, the shopkeeper of Rishengchang, and thousands of small workshop owners, small businessmen, and thousands of small businessmen in the south of the Yangtze River. Even those smugglers who crisscross the sea are imperceptibly promoting this great process, and Liu Ziguang is only one of the small but indispensable characters, with his existence, the direction of the rudder of this giant ship will be faster and will move in a more correct direction.

The Shanghai Stock Exchange is a private financial institution established in imitation of the Song Dynasty Guoxin Bian Jing Exchange, jointly funded by Rishengchang and the wife of Zhenwuhou, and has a very close relationship with the household department, not only to undertake the financing of private enterprises, but also to undertake the task of the stock and bond bank assigned by the imperial court, but because the subject it imitates is itself an imperfect product, so although the Shanghai Stock Exchange is large, it is still fragile, and all kinds of rules and regulations are not perfect, and can only be regarded as a toddler, and any speculation may seriously hit this newborn thing。

Stock trading is a kind of capital ownership of the purchase and sale of shares of major commercial banks, selling stocks to the public, this capital voucher is printed with the top secret process of printing silver tickets in Rishengchang, the manufacturing style is exquisite, the anti-counterfeiting ability is extremely high, the front is a well-designed pattern, the back is a space that can be endorsed and transferred, the stock holder must be recorded in the exchange, reserved seals, when the transfer is made, it is necessary to pay stamp duty and commissions on the exchange, and the endorsement transfer is valid.

However, this method is more cumbersome, and it is only suitable for those stocks with huge denominations and infrequent transfers, and for stocks with small denominations and large and frequent trading volumes, the commission is not enough for the exchange salary. War stocks are of this type, one or two silver shares of the total price of the line of millions of huge, if a tenth of the circulation every day is enough for the exchange to be paralyzed, in view of this, so this kind of small denomination stocks are implemented in a bearer system, and do not need to pay trading commissions, directly outside the market can be traded, but dividends need to be received from the exchange.

Therefore, this system has left an opportunity for some people with ulterior motives to take advantage of, and the Chinese have never lacked wisdom, and this wisdom is particularly clever when it is used to exploit loopholes, after the investigation of the South Factory, taking advantage of the fact that the western ticket fell into the trough, and Yuan Chonghuan's good news has not yet arrived, the person who bought the bottom is not a chaebol, but many ordinary individuals, including farmers, small merchants, soldiers, petty officers, craftsmen, etc., anyway, it does not look like a premeditated action. But a thorough investigation of the details of these people will show that they are all inextricably linked with the military, or a relative of a military official, or a housekeeper in the general military palace, or an old watch of the family of a thousand households in the forbidden army, or something, these people have bought an average of more than 100,000 shares of western bills, although the western tickets have long fallen below the market price and become one or twenty copper coins per share, but this also requires a lot of money, which is by no means something that these ordinary people can afford.

Liu Ziguang did not let Nanchang continue to investigate, because the matter has been very clear, some people in the West Route Army took advantage of their positions to leak information in advance, so that the capital built a rat warehouse, etc., as soon as the good news came, they used 10,000 taels of silver to eat the million shares of the West Ticket, and in a blink of an eye, it skyrocketed several times, all the way to recover the high price of two taels and three taels, because the West Ticket has been controlled, so there is no price in the market, every day is immeasurable, the price is high and outrageous, I am afraid that it will break through the ten or two major marks in a few days.

This hand is so beautiful, even Liu Ziguang is full of praise, ten thousand taels of silver can be turned into millions of taels in a few days, even a prodigy in business can't do this level, but where do these profits come from out of thin air? Even if the Western Route Army recovered Shaanxi and then conquered Gansu, Qinghai and other places to the west, what wealth could those barren places provide to the Ming Dynasty?

The exclusive text version of this work may not be reproduced without consent, and excerpts for more of the latest and fastest chapters please visit! The dividends of war stocks are spoils, including the enemy's houses, money, livestock, large areas of land in the enemy country, forests, minerals, the difference between the north and the west, because the northern front is mainly spread out in Hebei, Shanxi, Mongolia and Liaodong, these places are densely populated, the terrain is flat, there is a lot of arable land, and there is relatively enough oil and water, but what is there on the western front? The Qinling Mountains, the Yellow River, the Liupan Mountains, the Loess Plateau, except for a small flat area in the Weihe Plain, are all mountains and deserts, and further west are even more barren, and the Qilian Mountains and the Tengger Desert are sandwiched by a Hexi Corridor, and the political and military significance of occupying these places is far greater than the military significance, but what is the meaning of these for the small people of Shengdou?

The West Ticket was originally used as a foil to the North Ticket, and the market price of one or two silver has been inflated, since the war is done as a business, the cost must be considered, the military salary consumed by the West Route Army has far exceeded the loss of the war on the Northern Front, Liu Ziguang is good at raising the war with war, just the income from the looting of the Manchu Qing Dynasty nest in Liaodong and the raid of the Beijing Imperial Palace is enough to offset all the war expenses and rewards to his subordinates, not counting the income obtained by hundreds of thousands of Manchus in Beijing City and the income from receiving mineral granges from various places, so the price of the North Ticket is only eight taels of silver.

If the company in the north ticket is a high-priced stock like Kweichow Moutai, then the west ticket is the standard sT plate, but it is such a garbage third-line stock, just relying on the good news that may turn around, it has skyrocketed to ten taels, which is too bubble.

Sooner or later, the bubble will burst, this part of the loss will be borne by the person who takes the last baton, and this baton taker will not be a high-ranking official of the imperial court, nor will he be a military tycoon, but a greedy and poor little people, this world is like this, unlucky, it will always be a flat-headed people, Liu Ziguang has tasted the taste of the five-three-zero plunge before he crossed, and understands this cruel truth, but he still decided to take action, because the serious consequences of the bubble being squeezed out of the West Ticket will inevitably affect the exhibition of the stock exchange and the credibility of the imperial court.

The common people are ignorant, when making money, it is easy to say anything, once there is no return, they will scold their mother, they will not scold those who use inside information to cheat money, they will only sprinkle their grievances on the innocent stock exchange, once the western ticket bought for more than a dozen taels of silver in their hands becomes worthless garbage, it will definitely explode a huge civil unrest, the direct consequence of the civil unrest is the stock market crash, whether it is a good stock or a bad stock, the stock will plummet wildly, so that the wealth of the people shrinks sharply, the financing function of the securities market is paralyzed, and the economy of the Ming Dynasty has come to a standstill.

This is the butterfly wings theory, a clever army scum came up with a way to make money for a while, and it will affect the economic exhibition of the Ming Dynasty, which is probably unthinkable by the initiators, but all this is bound to be developed in this direction, no matter whether the Western Route Army wins or loses, the collapse of the Western Ticket is a matter of time. bsp; Liu Ziguang asked Peng Jingrong to invite Hu Yimin to the house to talk about his worries, and Hu Yimin was also taken aback after hearing it, and asked Liu Ziguang how to deal with it.

Liu Ziguang said: "Now the matter can only be restricted from the system, first stipulate the price limit system, the official price of the exchange can not rise and fall more than 10% per day, that is, 10 percent, and then set up a regulatory agency to supervise these insider trading, it is better for the court to come forward to do this, let the household department take the lead, the procuratorate and the criminal department, The South Factory has sent personnel to participate in the establishment of a securities supervision yamen, and the grade is not too high, and the five grades are enough, and some professionals are assigned to supervise illegal transactions or other things, and those who engage in insider trading will all be taken down and held accountable, so as to curb this new type of economic crime. ”

Hu Yimin said: "It's so good, let my uncle propose it in the morning tomorrow." ”