Revolution is inseparable from money, and without money, it is difficult for the revolution to move forward.

It is precisely because of this that Sun Yat-sen at that time needed to issue "revolutionary bonds" everywhere overseas to collect money, and in the early days, our party could not do without the financial assistance of the Comintern -- there was no way, and if we wanted to establish a national influential party in a short period of time, it was absolutely impossible to lack funds.

For this superficial truth, whether it is the Red Army generals of this time and space or the time-travelers of modern shijie, it is probably clear.

Especially after taking control of a piece of territory, the issuance of an independent currency became a top priority for the leaders of the Red Army.

-- Without its own independent currency, the money collected by the Soviet power into its coffers would be full of miscellaneous and foreign currencies of all kinds, which would cause great trouble in management and expenditure: the conversion of various coins, the currency in which the appropriation was made, the daily counting and bookkeeping, would probably be too busy to count and keep accounts. In which currency is the issuance of public bonds purchased, and in which currency is interest paid and redeemed? It's a nightmare!

In short, without an independent currency, it is impossible to establish a reliable fiscal revenue; Without reliable fiscal revenues, it is impossible for local governments to stabilize and win a long war. On the other hand, if an independent currency can be established, it will strongly promote production and trade, improve people's living standards, and invigorate the local economy, thereby increasing local government fiscal revenues and consolidating the nascent red regime.

As a matter of fact, ever since the Red Army began to "fall into the grass" and establish revolutionary base areas everywhere, the nascent Red regime immediately created its own independent financial system. established its own central bank, the Chinese Soviet State Bank, with Mao Zemin as its president; It issued its own banknote, the Chinese Soviet State Silver Coin Bill, with the head of Lenin as the banknote design...... It has issued as much as 8 million yuan.

Obviously. After the occupation of Shanghai, the Workers' and Peasants' Red Army could not continue to use the Kuomintang's banknotes, nor could they arbitrarily use one or more foreign currencies so as not to cause all kinds of trouble. Instead, they must set up their own banks and issue their own independent currencies as soon as possible in order to gain a foothold in Shanghai.

Therefore, when the traversers packed up all the real money on the beach and took it away. I have seriously considered the currency issue of the Shanghai Commune in the future--at least for those revolutionary ancestors of our Party that we often see in textbooks, Wang Qiu and their time-lapse chengguan are still very disciplined.

However, this involves a series of practical difficulties that are not easy to solve.

-- What was the basis of the Soviet currency? Where do the reserves for banknote issuance come from? How to build monetary credit? How to prevent counterfeiting of banknotes?

Although the Workers' and Peasants' Red Army seized hundreds of tons of gold and thousands of tons of silver in Shanghai. But these things have been teleported back to the modern Shijie to offset the huge expenses spent on squandering weapons and ammunition for a while...... So, neither the gold standard nor the silver standard will work.

Initially, Wang Qiu's idea was to use the "grain standard". That is, the issuance of food stamps. And this is also the traditional practice of our party and our army.

-- In the early days of the founding of the People's Republic of China, the new Chinese government was also faced with the dilemma of a shortage of precious metals, so in terms of financial policy, it adopted the method of directly distributing grain as a monthly salary. For example, the monthly salary of a university president is 1,300 to 1,500 pounds of millet, and the monthly salary of professors and associate professors is 800 to 1,300 pounds of millet; The monthly salary of lecturers, instructors, and teaching assistants is 400 to 850 pounds of millet and so on.

Saying goes. The people live on food, as long as the money can be exchanged for food. I believe that the vast majority of Chinese people are still willing to use it.

From a rough point of view, since this "grain standard" monetary system was applicable to the early days of the founding of the People's Republic of China, it is naturally also applicable to the Shanghai Commune today.

However, after careful consideration, everyone found a big loophole that was difficult to make up for - the Red Tenth Army did not have so many food reserves at present!!

-- It is necessary to have reserves for the issuance of gold-standard currency, and there must also be grain reserves for the issuance of grain-based currency, otherwise it will be impossible to cope with the exchange and build credit.

However, although the Red Tenth Army seized more than 100,000 tons of rice, flour, and miscellaneous grains from various public and private warehouses when it occupied Shanghai, and it seemed that it was rich in wealth, it was still somewhat insufficient for a super metropolis like Shanghai with a population of 4 million, let alone for the expansion and combat of the Red Army. Once the "grain standard" currency is issued, there is a danger that the citizens will run on and buy grain, resulting in an emergency in grain storage.

-- In the early days of liberation, a food crisis broke out in Shanghai because of the stirring up of speculators. Chen, who was in charge of economic work at that time. Yun used all kinds of deceptive means to appease people's hearts, and urgently requisitioned hundreds of thousands of tons of grain from Northeast China, Sichuan, and Huguang to support Shanghai, which reluctantly brought down the price of grain...... But now that the Shanghai Commune is alone in the hinterland of the enemy, and has completely torn its face with the imperialist powers, where can it mobilize grain to cope with the run and save the market? You can't rely entirely on the supply of modern shijie! Not to mention whether Wang Qiu's transportation capacity is enough, just the large-scale export of grain itself is already a very taboo "politically incorrect" thing!

Let's not forget that in the 21 st century, modern China has never been a grain exporter in order to feed a population of more than one billion, and the issue of food security is an old topic that has been going on for a long time when the central leaders hold a small meeting of the congress every year -- with China's current status as a "shijie factory," as long as there are sufficient funds, the output of general industrial products can even increase tenfold or hundredfold, but it is not so easy to increase the output of agricultural products. Zhongnanhai could not hesitate to approve tens of millions of grenades and hundreds of millions of rounds of ammunition, but it did not dare to throw out too much grain at will......

Seeing that the "grain standard" could not be achieved, all the traversers couldn't help but be at a loss. But Wang Qiu somehow suddenly remembered the trend of grabbing salt back then, and his mind was enlightened and he had a flash of inspiration - since the "grain standard" could not be achieved, then it was better to engage in the "salt standard"!

Unlike the long-term need to import grain, China's salt resources are extremely abundant, and the salt reserves are unusually sufficient, and salt companies in various places generally have three months of inventory. In the case of extreme production, China's maximum salt production capacity can reach more than 80 million tons per year, ranking first in the whole shijie. However, China's annual salt sales are only about 8 million tons, and it is difficult to expand consumption, so production has exceeded sales for many years, and the backlog is serious...... This is also the fundamental reason why almost every salt rush in New China will become a joke -- the salt company is worried that the salt will not be able to sell it!

However, in the era of the Republic of China, due to heavy taxes and miscellaneous taxes, the price of salt in China was generally very expensive, and the fact that the poor families in "The White-Haired Girl" could not afford to eat salt was a common phenomenon in the vast inland areas. Even in Shanghai, the price of salt was much more expensive than in modern China.

Therefore, no matter from which point of view, salt stamps should have a market in the Republic of China era.

Zuihou, on the issue of anti-counterfeiting of banknotes, Wang Qiu also has a foolproof countermeasure - as long as you don't use paper to print money? (To be continued......)