Wang Haichao took the piece of colored paper and the printing was very exquisite. There were several printed pictures on both sides of the front and back. The head was "Huainan-Dongdu-Shangdujie". Below was the year of Xingyuan. The seal was stamped with the "Huainan Yangzhou Grand Governor's Office". Then on the back was a drawing of Shun singing the south wind with a five-stringed zither, and there were also a blank sign of the denomination number and the signing of the applicant.

"This is to exchange it for flying money!" Wang Haichao lost his voice.

"That's right, it's actually more direct, it's called paper currency." Gao Yue replied.

Of course, the current paper currency is just a commercial bill.

The monetary economy of the Celestial Dynasty was actually not quite developed in ancient times. Commercial bills first appeared in the Babylonian era and came into being under the background of lush Mediterranean trade. However, the Celestial Dynasty had a bumpy journey. The first peak of its currency issuance was in the Han Dynasty. However, after the demise of the Han Dynasty, society took the initiative to regress to the physical economy era.

The second secondary peak was the Sui and Tang dynasties.

Why is it called a second peak? Because during the prosperous Tang Dynasty, although currency had penetrated into all aspects of society, the entire country still had a strong physical economic color. It was not until Yang Yan's implementation of the two tax law that the economic model of the Celestial Empire had earth-shaking changes. The two tax law had a core principle, that is, all taxes must be paid with money (or converted into money), that is, the currency standard of copper coins, and monetary finance. Then, the Middle Tang Dynasty was the era of great explosion of the monetary economy, which continued until the Song Dynasty.

During the prosperous Tang Dynasty, the country was not short of cloth, rice and grain (as Du Fu said, "rice flowing, corn and white, public and private granaries are abundant, and there are abundant physical objects, and even excess). As a result, the goods are light and the coins are heavy, so private minting is very rampant, because everyone began to understand the benefits of money at that time.

But after the Anshi Rebellion, there was a period of time in the Tang Dynasty that it was a serious "depreciation of currency". In layman's terms, it was "money is not worth money". The reason was very simple. The war directly destroyed Heshuo, Henan and other areas. A large number of young and strong laborers were forced to join the army, with a sluggish production, and the rice was gone and cloth was gone. So the physical objects were very expensive at once (Du Fu's 'How could he hear of a silk being ten thousand coins'), and even Emperor Daizong Xuan Guo Ziyi went to Beijing to comfort him, not to give money, but to give Guo two hundred pieces of silk.

Then to the two tax laws, the state adopted the mandatory policy of "tax collection and payment of money" to take all the money in the world, and the situation immediately changed. The money used for circulation on the market became less and more expensive, while grains and cloth became cheaper, making it difficult for merchants to buy and sell, and farmers and workers' lives, forming a "deflation" that lasted for decades, that is, money shortage.

In the past, currency depreciated, and the Tang Dynasty wanted to add a large number of smelting furnaces to cast more money, hoping to exchange more physical items.

Now that the deflation is deflation, the Tang Dynasty still has to cast more money to invest in circulation and alleviate the money shortage.

However, the Tang Dynasty only had minted about 200,000 coins in a year, which really couldn't meet the demand. Finally, it used a killer move - Emperor Wuzong of Tang destroyed the Buddha and melted many Buddha statues at one time to issue new coins (the fine copper proposed by a large Buddha statue can create 200,000 to 300 million copper coins), which was considered to be a solution to this problem.

However, the good times did not last long. After Emperor Xuanzong of Tang ascended the throne, he once again believed in Buddhism and returned the copper to build a Buddha statue...

Then there was the second peak. When the Song Dynasty was founded, the clouds were clear and the moon was bright. The first good thing was to inherit the plundering techniques of the five dynasties and ten countries, and even integrate them into various ways. Therefore, the Song Dynasty may be the only dynasty in the history of the Celestial Empire that did not implement "light taxes and levies" in the early years of the founding of the country (1) (If there are students who have different opinions on this, you can directly refute me). Two taxes, mixed accumulation, prohibiting the profits of goods from mountains and seas, as well as commercial taxes, mining and smelting, selling official titles, selling certificates, and speculating on official land. There are many varieties, so the heavier the tax, the more money you need. The Song Dynasty played his life and minting, and tried his best to mint two or three million yuan a year.

It was not enough, so I started to make banknotes. At first, the banknotes were okay, but the Song Dynasty was a "used all the art of making money in the previous dynasty". The additional currency and banknotes were basically useless to increase production (2), but were swallowed up by Sanhong without restrictions. Wang Anshi's reforms were even more powerful, with the purpose of plundering more money into the hands of the emperor. Therefore, the Song Dynasty was still suffering from the shortage of money and the depreciation of paper money. In the era of Cai Jing, the fiscal policy of "weak outside and solid inside" (snatching from the local area and concentrated in the hands of the emperor) reached its peak. Of course, the Jin people came in the end, and with one precise blow, all of them were completely destroyed. Of course, Wanyan Gou went south of the Yangtze River to continue to accumulate, which is a later story.

Facts have proved that there is no good ending to gather money from the people.

Therefore, Gao Yue was unwilling to hand over the money collected from the Huainan two taxes to the court, because this would make all the money stored in the capital, and the entire Jianghuai River would be even short of money, which would prevent the transfer of trade and trade, which would also cause low grain to harm farmers and low cloth to harm workers.

He simply used Caohe and asked the merchants in Huaiyang to sell the goods to the capital. After selling them for money, they directly sent them to Jinzhaoyuan to receive the same amount of "paper currency", that is, bills of exchange, and then brought the paper currency back to Yangzhou to collect cash.

In this way, the money from the capital was actually transferred within the capital, and the money from Huainan was also transferred locally in Huainan.

Gao Yue also set up a special money exchange agency for this year. He invested part of the cash in the two taxes this year, plus the wealthy merchants in Xingyuan, Jiannan, Kuifu, Huainan, and the fundraising of Xingyuan Huguo Temple to establish a "money quality treasury".

The physical goods paid by the people, namely cloth, rice, and some of Gao Yue left them in Changping Warehouse or military capital warehouses, responsible for disaster relief and military rations, or sent to brew wine, the rest were also entrusted to merchants to sell them to other places, buy low and sell high in exchange for cash.

Finally, in front of the backyard of Yangzhou City, ships set sail. The ships were loaded with hubu rice offered on the prescribed items, including tea, medicine, wood, jewelry, and silk, wine, porcelain, etc. that were specially made from Huainan.

This is not like a fleet that pays taxes, but rather a huge merchant fleet.

Since Dong Jin took over the leadership of the Xuanwu Army, its appearance has improved greatly. Dong Jin was a minister of the court. After he took office, he not only calmed down the people's hearts, but then hired mercenaries and soldiers to dredge the Bian River channel and withdraw the Datang along the road. Therefore, when the Yangzhou fleet arrived at the Bianzhou Transportation Courtyard, the entire military city caused a sensation.

Many people, soldiers and women gathered here to form a natural grass market, including brocade from Yangzhou, silk from Runzhou, paper from Changzhou, porcelain from Suzhou, and porcelain from Suzhou, and many wealthy families are eager to try it out and are particularly interested in jewelry made by the Hu people.

Even Luo Zhen was on a high building and knew that "Huaiyang Goods" had arrived, so he asked his maid to buy a few good lottery tickets, and a few strings of tea and some paper.

Soon some of the goods were sold out. In fact, before coming to Bianzhou, a lot of them were sold in Chuzhou and Sizhou.
Chapter completed!