[Jackson: Also, wasn't the First Bank of the Nation, which Hamilton founded at that time, also abolished at the urging of President Jefferson, and there was no chaos, so why did it happen when it was my turn to be here? 】

Jackson felt a little wronged.

The abolition of the Second Bank was certainly not something that was thought of by patting the head, the third president, Jefferson, did it, and there are precedents to follow.

This is because the first central bank-like institution in the United States was the First Bank of the United States, which was first proposed by Treasury Secretary Hamilton in Washington.

On February 25, 1791, President Washington issued a decree creating the National Bank.

Hamilton built it on the model of the Bank of England.

The first franchise period was from 1791 to 1811, a total of twenty years.

Of course, this bank is a private central bank to deal with the severe economic difficulties and debt crisis after the Revolutionary War, and the government's money and taxes must be placed in this banking system, and the bank is responsible for issuing the national currency to meet the needs of economic development, as well as providing federal loans.

Money owed during the Revolutionary War, some people want to pay for it.

Naturally, when the boat is pushed along the river, it will be abolished at the point of time.

[Mercerzu Lincoln: It has to be said that it is a bit of a coincidence that the abolition of the First Bank of the Nation coincided with the Second Revolutionary War. In order to fight the war, President Madison needed to borrow, and after a short time, they established the Second National Bank, so that there was no economic depression that followed. You were in a period when there were no large-scale wars, and you gave the right to print money and issue money to the states, resulting in ...... The states printed their own currencies and almost destroyed the entire nation's paper money system, and if you think for yourself, if you use Florida-printed money in Florida, and in Virginia, you will have money printed by other Virginia banks...... What if the Bank of Virginia doesn't recognize your money? 】

When it comes to his own knowledge blind spots, Zhu Houzhao feels a little unconscious and doesn't squeak.

But I also feel that there is some déjà vu.

This...... Isn't it a treasure banknote?

Zhu Houzhao suddenly thought of the characteristics of the Ming Dynasty.

Jackson said that paper money is not as real as gold and silver, that is not a confirmation, the treasure money issued in the Hongwu period, to the orthodox years, no one used it on the ground.

Later, after Emperor Chenghua ascended the throne, everyone tacitly agreed not to use treasure money, but to use gold and silver.

Also, the banknotes in one place are not recognized in another place.

This...... Engaging in a half-day bank is a money bank!

Zhu Houzhao understood in an instant that these unclear things seemed to be left over from their play.

“…… Engaging in money, we should be the ancestors, Emperor Wu of the Han Dynasty seems to use the advice given by Sang Hongyang to make a lot of money in the country......"

Fortunately, Zhu Houzhao's history is better, especially he is familiar with Emperor Wu of the Han Dynasty, and he quickly had a flash of inspiration and thought of some of Emperor Wu's moves to make money.

In addition, the situation of their own coinage in various places, isn't this made by Liu Bang and Liu Heng in the early Han Dynasty?

The vassal states could mint their own coins and mint money, but later Emperor Wu of the Han Dynasty completely unified the money of the Han Dynasty with five baht coins.

How did Emperor Wu of Han do it?

Although he understands it, Zhu Houzhao's self-awareness is also relatively clear, in terms of making money.

He really didn't know anything.

So, I should make up for the lessons.

He only cared about the fruitful results of Emperor Wu of the Han Dynasty in attacking the Xiongnu, and he was a passing pass on how Emperor Wu of the Han Dynasty made money.

Now I can talk about making money all day long, but I am still not good at it.

If the group leader doesn't even know this, wouldn't he let these guys underestimate him.

Zhu Houzhao made up his mind and made up the class after the chat.

Now, I still watch silently, and the small book remembers some unclear things first.

[Jackson: How is that possible!] I give them the power to print money, not to make them issue new money! 】

Jackson still can't accept that he caused this situation, why is it so coincidental, it's okay for others to cancel, it's okay for him to cancel.

[Mercer Joe Lincoln: Mr. Jackson, don't you understand the greedy nature of those bankers? As long as they evade your supervision, the printed paper can be directly exchanged for gold and silver, and this kind of profit of more than 100 percent, or even 10 times the profit is placed in front of their eyes, will they miss it? Besides, you didn't have a powerful regulator then, or now, who will supervise them? 】

[Mercerzu Lincoln: What do you say will happen when they exchange some paper for real money in the hands of the people, and the people take the paper and can't exchange it for real money? 】

Jackson was silent, Lincoln's example could not be more obvious, he did not believe in the future, but he knew the greedy humanity of those bankers.

[Mitaizu Washington: This ...... It's terrible! Don't those bankers have to do nothing, only need to print money, and they can grab the wealth in the hands of the people at no cost? Hamilton: They were so prescient! 】

Washington also understood, and suddenly understood Hamilton's good intentions.

The importance of a stable monetary policy for the country.

[Les Rezous Louis XVI: Slow down...... Banks only need to print money to grab the wealth in the hands of the people, and we currently owe so much money, it seems that we can use this trick? 】

Louis XVI seemed to have found an unenvisaged way to settle the country's lack of money.

[Mercer Joe Lincoln: Your Majesty Louis XVI, please speed up......]

Lincoln was speechless, and couldn't help but look at his speech, he obviously said so many disadvantages, how did the clever Louis XVI come up with printing money to solve the contradiction of lack of money?

[Supreme group leader: It shouldn't be advisable to print money on a large scale. When the time comes, the money will become waste paper, and in the end, everyone will still have to use gold and silver. 】

To tell the truth, just now Zhu Houzhao also came up with the idea of printing treasure money to make money, after all, his great ideas, the little prince of Tatar and Mongolia all need money and food support.

But he then realized that Zhu Yuanzhang and Zhu Di had not done such a thing that lacked great virtue.

The treasure money ends up as a blank piece of paper.

Now the people, no, the officials must all be suspicious when they hear that he prints money.

Their credit of the Ming Dynasty seems to have been exhausted by Taizu Taizong.

This may be the question of royal credibility that Washington is talking about.

It seems that Da Ming can no longer use a pile of waste paper to cheat money from the people?

Referring to what has happened in the Ming Dynasty, Zhu Houzhao vaguely feels a little enlightened, and seems to be a little enlightened about the superficial economy.

[Mercer Joe Lincoln: The words of the group leader are correct!] If the money is printed too much, it will become waste paper. At that time...... If you do a business, don't you still learn from those merchants in the Middle Ages who carried a lot of gold and silver with them? 】

Zhu Houzhao's speech was recognized by Lincoln.

[Lincoln: But, Mr. Jackson, you don't have to be discouraged by this. I feel that your move to abolish the Second Bank has unconsciously put our country through a trap. Without this lesson, our understanding of the economy would not be as profound, and in this respect, you can be considered meritorious. 】

The topic returned, and it felt that Jackson might be a little depressed, and Lincoln changed his perspective to comfort him.

[Mercer Joe Lincoln: From another point of view, the country is also a person, sometimes, the scars caused by some mistakes can make us grow and mature more, we are still a young country, and it is normal to make some mistakes. 】

[Jackson: Growth? So why is it that the price of growth, if it is me, if the general public bears this price? 】

Lincoln's analogy made Jackson unacceptable, so a light growth price, co-authored decline fell on himself.

[Jackson: In the same way, if this kind of avoidable thing can make the country grow, then what kind of growth will the civil war that occurred during your tenure make us grow in the United States? 】

[Jeffrey Jackson: This is the end of my story. Tell me about you, Lincoln...... I feel like I've seen you, tell me what happened then and we have a civil war? 】

Jackson seemed to be a little unhappy for some reason, and changed the topic all of a sudden.