Zaichun is very cool today, usually this group of teachers took turns to abuse him, but today Zaichun can already come up with some newly learned knowledge to fight against abuse, in the face of modern financial knowledge, these Qingliu courtiers are a bunch of scum.

"What is silver? What is copper money? What is gold? Including foreign banknotes, bonds issued by the Great New Era, and military stamps issued by the Ryukyus, in fact, they are money! These things can be collectively called money ......."

"And what is money? In the final analysis, money is just a subject matter, a subject matter that both the buyer and the seller recognize! Master Weng, do you say that this silver can be eaten or worn? Master Feng, do you say that this pile of copper coins can be used as a house to live in?"

"In the final analysis, human beings need money, not the thing that needs money itself, but the things that need money in exchange, that is, the various needs of survival, at the small level, it is food, clothing, shelter and transportation, and then in the big way, it is spiritual enjoyment and so on......"

Jaechun shrugged his shoulders like Xiao Letian, and said indifferently, "Now that you understand, don't mention the amount of money, the picture of gold and silver mountains will immediately jump out of your mind, that's your own fantasy, okay!"

"Before the Qin and Han dynasties, cloth could still be used as money? The imperial court gave food and cloth, that is, a limited amount of copper was refined into tripods and weapons, although there were some knife coins, shovel-shaped coins or something, but only a few people could use them, and the people still used the traditional trading mode of barter......

"At that time, there was no silver and gold as coins, and gold and silver at that time were just jewelry and ornaments for the nobles!"

"Silver really became a circulating currency, and that was because of a whip law implemented by Zhang Juzheng in the Ming Dynasty...... This master Weng should know very well that all kinds of taxes in kind will be changed to silver delivery, so that silver and copper coins will become the currency varieties in social circulation together......"

"So, all kinds of things in the world, including money, are constantly evolving, as long as there is something that can complete the role of the subject matter that silver and copper coins can achieve, then even if he is a piece of paper, it can be spent as money!"

"In the Ryukyus, Rakuten Bank's daily capital throughput is about 15 million silver coins, but less than one-tenth of the physical silver is traded, and most of the merchants just take out a piece of paper with numbers written on it, called a check, from a foreign bank to buy the whole ship of goods that he has his eye on......"

"The captains of those sea ships are also very willing to accept such checks, because they are easy to carry and not easy to lose, and they can even go to the bank to set a password, so there is no possibility of losing them......

"They took the ships to Shanghai, Tanggu, Guangzhou, and even Hong Kong, and with such a thin piece of paper, they could exchange it for the porcelain, silk, tea, and medicinal herbs he wanted...... And gold!"

"When these goods return to Europe, it is natural that their European counterparts will be doing the same business, and the distribution banks will support this ocean-going trade that spans half the world......"

Today's eleven or twelve-year-old Jae-chun has become the absolute protagonist, and the envoys present have become elementary school students, and these simplest financial theoretical knowledge has become a vernacular in his mouth, and he will explain it to the other party in an easy-to-understand way.

This is the essence of Xiao Letian's education, he has always believed that making complex things simple is the real ability, and saying simple things complicated is called Mengren.

At the end, someone in the envoy group exclaimed, "My God, it's too easy for this bank to make money, isn't it? Lending with the left hand and receiving with the right hand, as soon as you get it, there is a high interest, and you don't need to use the principal, most of the physical gold and silver are actually circulating in the bank vault of their semicolon, isn't this a credit what they sell?"

With a snap, Jae-chun snapped his fingers, "yes...... I'm very optimistic about you, and I'm on the point all of a sudden!"

Weng Tongyi coughed, "Your Majesty, please pay attention to your demeanor, you are the Ninth Five-Year Honor, not a big job on the dock, don't bring market gas!"

Jae-chun stuck out his tongue and said with a wry smile, "Isn't this not in the Forbidden City......"

"Not in the Forbidden City, you are also His Majesty the Emperor of the Qing Dynasty, you must be majestic!" Weng Tong's tone became stern.

"Okay, what the master taught me!"

The official of the envoy who had just asked the question then said: "Why doesn't our court do it ourselves? Why should we cheap Xiao Lotian for nothing? Our court still has taxes as a guarantee, and the government maintains order, and we are not afraid of a run, let alone bankruptcy, and such a good thing must be held in the hands of the imperial court!"

As soon as this remark came out, it caused a strong response from everyone, but unfortunately in exchange for Zaichun shaking his head helplessly, Feng Fu asked in surprise, "Isn't this suggestion good? Why did Your Majesty shake his head and sigh?"

Jae-chun stood at the window and stretched out his hand to point in the direction of the bay, "At the pier where you disembarked, there are several statues, and they are all kneeling statues, among which is the former Ryukyu Tobe Shangshu Lin Yuanmiao...... He's still alive and he's already been made a kneeling statue!"

"The dignified head of the household department of a country, because of the embezzlement of 700,000 silver dollars, was almost cut off by the prime minister, Lin Yuanmiao and the two of them fell ill at home and died, and the other crossed the ocean to study in Europe in an attempt to atone for his sins...... Bring that booklet!"

The senior quickly handed over a thin album to Lord Weng, on which was Xiao Letian's eye quotation in the Prime Minister's Mansion, that is, his analysis of how the bureaucratic class destroyed China's industry and commerce.

Why did the Song and Ming dynasties in China see the germ of capitalism and the dawn of the industrial revolution, but they were all short-lived and unsuccessful? This booklet gives a very clear answer, that is, the overly powerful bureaucracy.

Xiao Letian, who has been a man for two lifetimes, knows that if capitalism wants to rise, there must be a space for capital to exert its strength, and the millions of people in the Netherlands dared to form the East India Company and Britain, France, and Spain to grab the cake of maritime trade, and finally did it, relying on the power of capital.

Britain was able to take the lead in industrialization, the Jenny loom machine, the steam engine, the railroad and the Royal Navy to protect maritime trade, but behind the superficial things there was actually capital behind them.

As the saying goes, if you don't have money, you can't gather troops, and it's the same for doing business, so how can you have a big output without a big investment? A huge amount of upfront capital investment will naturally be exchanged for an increase in scale and technology, so as to get more profits.

But the question arises, with so much money pooled together, who will protect him?

Jae-chun recalled the speech of the prime minister at that time: "When millions of taels of silver are gathered together, it is already a mountain of silver, how can the greedy bureaucrats let go of such a piece of fat? And for thousands of years, China's civil officials have been repeating a sentence, the peasants, businessmen, and merchants are the lowest class, and their political rights are suppressed to the lowest ......."

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