C3464 I want silver! Silver! (1/2)

The marketing of the credit currency was not an easy task. Even the promotion of gold and silver paper money required time. Before the First World War, there had been a serious run on the currency.

At that time, the people of Beijing were crazily using paper money to exchange for Yuan Datou, and in the end, they forced the government of Northern Yang to stop their exchange.

On the contrary, Shanghai waged a financial siege war, resolutely opposed the Northern government's suspension order, and resolutely defended the paper money, which was then referred to as the capital's currency.

This was the famous capital's currency storm in history. If not for Zhang Gonggong of Shanghai and Song Hanzhang's resolute resistance, Bank of China's credit would have gone bankrupt at that time.

Perhaps the Government of the Republic simply could not bear the opportunity of the first world war to erupt that famous great economic development of the Republic of China!

Civilians were naturally wary of power. This was a memory that was imprinted in their genes, making them believe that a piece of paper that was worthless was money. It could be traded, saved, and lived … This change in psychological acceptance may take several generations.

How did the southern Chinese vote of credit come about? The reason they relied on is not because the Chinese control a large percentage of the Ocean trade in East Asia, but because they believe in Xiao Letian's paper money. It is because they saw that you, Xiao Letian, have something in your hands.

And it's not just gold and silver, food, industrial goods … Even if you have some bricks in your hand, I can exchange them to build a house.

The Chinese emphasis on business also led to the prosperity of logistics, the flow of goods let people see, always very peaceful!

Not only were they ready-made goods, but more importantly, the Chinese controlled the largest industrial base in China right now, which was the Northern Industrial Zones in Bohai Bay.

This place was already known as the Ruhr of the east. This extremely large Industrial Zones had already radiated all over Tangshan region. The Swallow Mountain mountain area's coal and iron mines had already been developed and turned into a huge productive force.

The merchants of the world knew that the Chinese had productivity, but they were very much at ease. They believed in this, knowing that even if the leader did not have money, he had the privilege of producing industrial goods.

Money cannot be exchanged for silver, I can exchange for your iron nail! The mine lamp! Kerosene! Screw... The added value of industrial products in this era was very high, not inferior to later generations of high-tech chips in Europe and the United States!

As long as this paper could be exchanged for industrial goods or even Gun, then this paper would have a lot of credit!

Commodity logistics, huge productivity... What was still missing? They still needed a strong army to protect them. As long as the Chinese Army's combat power was strong, they did not need to rely on their own Chinese to brag about it.

Therefore, the credit of the Southern Bills banknotes was first established among merchants. As for Jiangnan, Beijing Belt and Guangzhou, they were the most economically active areas in the entire Qing Dynasty. Only these three places had a large circulation of banknotes.

However, once they left these areas that were prosperous, they would head to the heart of the Central Plains or into the ravines of the mountains. For example, in the Wuyishan area of Fujian, the commoners would live a very traditional life.

Silver taels and copper coins were the only currencies that they accepted. They really didn't have any silver taels or copper coins left. Giving cloth to grain could be done in exchange!

However, he would not accept paper money. He absolutely would not accept it!

At the moment, the Chinese couldn't infiltrate into Jiangnan and didn't have the spare energy to run Fujian Province, so the people here were even more unfamiliar with paper money.

Once the rumors spread, it would be hard to calm them down! He didn't know why, but the thirty thousand New Imperial Army s were all quickly spread the rumor that the emperor was going to issue big guys southern tickets to become silver. This time, the soldiers became restless.

They definitely wouldn't dare to rebel, and they wouldn't dare to do so either. After all, it was just a matter of pay and rewards, so it didn't matter if it was a few days earlier or a few days later.

However, not causing trouble did not mean that they did not complain. These people were communicating with each other in their hometown's native language. Thus, the untoned official language of the Northern Lands that they had learned over the past few years was not spoken.

With the three hundred Son of Heaven's personal army s as the base, the command system immediately felt that something was amiss. Why did the soldiers beside them suddenly become alert?

”Quiet down …” What are you talking about? I'm asking you... ”What are you talking about?”