Recently, a history enthusiast Camel has been caught in the historical whirlpool of "Da Song Gong Ci", paying attention to why the paper money "Jiaozi" supported by Liu E, played by Liu Tao in the play, has not fully replaced gold and silver. In this article, we'll delve into the reasons for the rise of paper money during the Song Dynasty and why it ultimately failed to dominate the monetary world.
The rise of paper money: the curtain of what was once "credibility".
In the early days of human civilization, barter prevailed, and the concept of money gradually emerged. The earliest natural currency was shells, but with the development of society, various materials are complex and diverse, and natural shells are gradually insufficient. Metal currencies have dominated the monetary scene due to their outstanding performance, and they have continued to do so in recent years.
Why did paper money appear in the Song Dynasty?At that time, there was a "money shortage", and there was a shortage of currency, mainly made of copper. Although metal currencies have been solidified, the advantages of metal durability have led to the long-term existence of metal currencies. And in this predicament, paper money began to rise. In Sichuan, a relatively remote but peaceful place, the people pioneered the "Jiaozi" system to solve the problem of inconvenient iron money transactions.
Credibility Crisis: Why Paper Money Failed to Rule the Monetary World?
However, in the early days of the rise of paper money, it was not issued by the government, but by the people. When the turmoil led to a large influx of people into Sichuan, the Jiaozi system began to be challenged. In order to make profits, some "Jiaozi shop" owners abuse the iron money deposited by customers, resulting in damage to their reputation. The essence of money is credibility, and once it loses credibility, paper money cannot stand.
The official "Jiaozi" launched by the Song Dynasty faced credibility problems. The initial management system was well implemented, but due to the poor management of the imperial court, it led to over-issuance, and the reputation of Jiaozi gradually declined. Although the official Jiaozi became legal tender, the market was dissatisfied with it and eventually failed to circulate widely. This situation provided a negative model for later rulers, and the Ming dynasty even abused the paper money system, causing it to lose its credibility.
Paper money withdraws from the stage of history: the condemnation of the Ming Dynasty.
The history of the rise and fall of paper money teaches us that the core of money is credibility. Although the "Jiaozi" of the Song Dynasty had convenience, due to the crisis of credibility, it was ultimately unable to dominate the gold and silver era. In order to avoid the repetition of history, the Ming Dynasty completely eliminated paper currency. Although the rise of paper money is part of history, the flaws in its credibility make it impossible to last forever.
Summary: The road to the credibility of the rise and fall of paper money.
Through the analysis of the historical process of Song Dynasty banknotes, we find that the rise and fall of paper money is inseparable from its credibility. The reason why paper money has not replaced gold and silver is not only because of institutional problems, but also because of the credibility crisis. The lens of history tells us that the essence of money lies in credibility, and only by protecting credibility can paper money occupy a place on the stage of history.
This article provides readers with an in-depth historical exploration of the rise and decline of paper money during the Song Dynasty, as well as the credibility issues behind it. The author starts from the perspective of a history lover camel, and "Da Song Gong Ci" provokes his historical thinking about Liu E, played by Liu Tao, and the paper money "Jiaozi" that supports the issuance.
First of all, the article vividly depicts the historical context of the evolution of money while narrating the historical background, from barter, natural shells to the rise of metal money, providing readers with a clear historical background. This helps readers better understand why paper money appeared during the Song dynasty and the context in which it competed with gold and silver currencies.
Secondly, the article highlights the importance of credibility when analyzing the reasons for the rise and fall of paper money. Through the example of the "jiaozi" system during the Song Dynasty, it vividly shows how credibility is related to the actual operation of money. Especially in the private "Jiaozi shop", due to the abuse of iron money deposited by some customers, the credibility of the entire industry was damaged, and in the end paper money failed to replace gold and silver. This is a profound revelation to the reader, as it reminds us that the credibility of the currency is essential for the stability of the economy.
The article also makes a brief mention of the misuse of paper money during the Ming Dynasty, emphasizing the repetition of history. This echo makes the whole article more coherent and deepens the reader's understanding of the credibility issue. Through the lens of history, we see that the issuance of banknotes needs to be cautious and must maintain full credibility, otherwise it will lead to economic turmoil.
Finally, the summary of the article provides a profound summary of the road to the credibility of the rise and fall of banknotes, and once again emphasizes the indispensability of credibility for money. The article uses the expression "historical lens" to vividly show the historical status of paper money and the great impact of credibility on the fate of money.
Overall, this review** gives positive comments on the structure, logic, and depth of the article. Through in-depth excavation of the history of the rise and fall of banknotes, readers can gain a deep understanding of the development of money and the issue of credibility, which further stimulates thinking about history.
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