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Chapter 31 Nanyuan Campus Buys People's Hearts Fanpu Talks About Financial Chaos(2/2)

Looking at the Prime Minister, Chen reminded the Prime Minister again.

"Prime Minister, it can be seen from the current investigation that Japanese profiteers and ronin have concentrated the redemption provinces in Northeast China, North China, and Central China, and this area can be called the cornerstone of the central government. If the economy of the three areas is unstable, it will inevitably have an impact.

Central reputation..."

"You mean, the Japanese government was involved in this matter?"

Li Zicheng was slightly startled by Chen's words, but then he figured out why. How could the Japanese government not get involved? Facing the last failure, how could the Japanese intelligence agencies allow themselves to develop as they pleased? The Secret Service and the Ministry of Security

Not all intelligence shows that in the past six months, Japanese spies have frequently contacted warlords in various provinces. On the one hand, they have contacted warlords, and on the other hand, they have used merchants and ronin to steal copper coins to disrupt the economy of the north. However, the north, including central China, Jiangsu and Zhejiang, has

The center of gravity and foundation of the central government. If the financial situation in this area is hit hard, then...

"Prime Minister, unless we unify the auxiliary currency immediately, it will be impossible to eradicate the Japanese's ability to take advantage of the rise in copper prices to rob the auxiliary currency and disrupt the financial market!"

Kong Fanpu's words made Chen shake his head. At the same time, Li Zicheng also frowned. The reason was very simple. Starting from Zhang Zhidong's large-scale production of copper coins, copper coins became an important tool for plundering local wealth. By the end of the Qing Dynasty, various bureaus alone

The circulation reached nearly 20 billion coins. After the rise of the Republic of China, in order to raise military expenditures, various provinces began to mint copper coins one after another, and there were also privately minted copper coins. According to statistics from the Ministry of Finance, the number of copper coins on the market is currently

More than 30 billion.

Not to mention other people, Li Zicheng himself also produced a large amount of copper coins in order to raise funds when he was in Lianyungang. Compared with others, his imitation copper coins were scattered along the Longhai Railway. However,

At that time, the profit from manufacturing copper coins had dropped from nearly 60% of the profits in the early days of the copper coin to 40%. And that was the "technical profit" obtained by using Lianyungang's advanced machinery and metallurgical technology. Other copper coin bureaus often only had a profit of about 5%.

.

In the Qing Dynasty, the Ministry of Household Regulations required copper coins to contain no less than 95% copper and 5% zinc. In order to pursue high profits, some mints did not change the composition according to the above regulations, and regarded the contents of other components as

When it exceeds 20%, it is brass, which is a low-quality coin. The Ministry of Revenue does not allow its manufacture, and its issuance is prohibited once discovered. Therefore, the copper content of "bad coins" on the market is generally around 90, while the Lianyun Copper Yuan does not.

It uses relatively advanced technology to manufacture copper coins in large quantities using 46 brass with a copper content of no more than 40%. The weight is maintained through appropriate thickening and other methods, and then the copper coins are "passed off as copper coins" by plating them with red copper. However, due to the thicker coating,

Therefore, it is difficult for people to detect it. In history, the "financial disease" of the copper yuan has been rampant for nearly half a century from the end of the Qing Dynasty to the rise of the Anti-Japanese War. The reason is very simple: chasing profits.

Because, after the Republic of China, copper coin casting did not decrease. On the contrary, due to the financial needs of various provinces, it became more and more crazy. Provinces that had not set up factories before also followed suit and set up factories. The government of the Republic of China was unstable and there were many wastes to be made.

The management of private casting of copper coins is even worse than that of the late Qing Dynasty. Although the central government and even local governments have tried to control the private casting of copper coins, the governors of many provinces themselves are the ones responsible for the indiscriminate casting of copper coins, and their influence with private castings is different.

There are often various relationships. In this case, talk about river governance?

Even in the end, the problem of private minting of copper coins was partially improved, and it still relied on the efforts of local chambers of commerce to achieve a slight improvement. In this way, political forces in various provinces and local forces were involved, taking advantage of the benefits of manufacturing large quantities of copper coins, and trying to persuade them to give up making copper coins.

How can it be so easy to unify the auxiliary currency in order to achieve great benefits?

Seeing the Prime Minister, the two chief ministers seemed to be a little hesitant, and Kong Fan suddenly felt nervous. His family had experienced the "suffering of the flood of copper coins" many years ago, so he was extremely nervous about the changes in copper coins, because he clearly knew

Whether there was a proliferation of copper coins or a tightening of copper coins, ordinary people were the ones who suffered in the end, so they hurriedly made their last efforts to persuade the State Council to unify the coins.

"Since Zhang Zhidong, in order to gain the benefits of coining money, various provinces have been producing copper coins on a large scale, so that copper coins are flooding. By the end of the Qing Dynasty, although the Qing Hu Department had intended to take back the right to make money, it was abandoned midway due to the rise of the Xinhai Army. After the Xinhai War, the provinces would

Copper coins are regarded as an important source of finance. Copper coins are cast in large quantities. The number of coins made in two years exceeds half of what was produced in the more than ten years of the Manchu Qing Dynasty, reaching tens of billions. Most of them are worth twenty, a hundred, or even five hundred.

Hundreds of millions of people have suffered from the copper yuan. But now..."

Kong Fanpu's words were somewhat emotional. When he returned home from a provincial school many years ago, he saw rural farmers who had hanged themselves because of the depreciation of the copper dollar. Even he himself had been deeply harmed by the copper dollar. Because of this,

That's why he took this investigation so seriously, and it was his seriousness that gave him the opportunity to explain to the Prime Minister face to face.

"Prime Minister, now is the best time to unify the auxiliary currency!"
Chapter completed!
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