When Gao Huan returned to the palace, he convened a discussion on politics and discussed, and issued an additional 10 million Qianyuan to be used for infrastructure construction.

Now Gao Huan is addicted to infrastructure and economic development. When a major project is completed, a local economy develops, and the people get rid of poverty and become rich, the sense of accomplishment he brings to him is no less than a victory.

Several members of the Councillor's House of Representatives had a consistent attitude towards the direct issuance of 10 million yuan, and they all opposed it very much.

After all, with the example of Baochao, everyone's attitude towards political discussions is to rather slow down in economic construction than to maintain the confidence of the people in Qianyuan.

Qianyuan is a piece of paper. If the people believe in it, it is money. If they don’t believe it, it is waste paper.

For paper money, confidence is more precious than gold.

Du Yinxi and others all believed that Qianyuan was a good thing and could not follow the old path of Baochao. They must maintain confidence that was more precious than gold.

Over the years, there has been a habit in China that is to compile history for the previous dynasties.

Now that there is no war in the court, the economy is prosperous, the court has leisure time and began to gather a group of literati to compile history for the Ming Dynasty and compile "History of Ming Dynasty".

During the process of studying history, it was also a summary of the lessons of Gan Chao on the fall of the Ming Dynasty.

The historians of the Gan Dynasty summarized many experiences, one of which was that the Ming Dynasty did not master the currency, which led to the chaos of finance, economy and taxation in the Ming Dynasty, which was one of the main reasons for the demise of the Ming Dynasty.

In fact, all Chinese dynasties will summarize the experiences of previous generations and make corrections, or even overcorrect them.

For example, the Jin and Southern and Northern Dynasties made people see the corruption of aristocratic families, so the Sui and Tang Dynasties began to conduct imperial examinations, reusing poor families and military aristocrats, ending the aristocratic politics.

The separatist rule of the vassal states at the end of the Tang Dynasty and the chaos of the Five Dynasties and the ten countries led Zhao Song to the path of emphasizing culture and neglecting military affairs.

In the early years of the Ming Dynasty, Emperor Chengzu of Ming Dynasty seized Zhu Yunwen's throne, and later restricted the vassal kings, and almost destroyed the royal family.

Now that Gan Chao has summarized the lessons of Ming Dynasty's demise, the ministers saw that Gao Huan was going to issue money, and what they thought of was Baochao. Everyone was very shocked. Moreover, printing so much money at once would inevitably cause inflation, and it was also a disguised way to make the money in their hands worthless and harm their interests. Therefore, most of the political consultants opposed it.

Fortunately, Gao Huan and Chen Zilong made an appointment with Song Xianke to replace Zhou Yanru, so that there would be voices in the Council for supporting him.

Now Gao Huan is also a mature emperor. When he helped Yinxi as the chief assistant and replaced Li Yan, he immediately arranged Chen Zilong as the secondary assistant, and controlled the civil servant group tightly. Otherwise, the civil servant group would be united and many of Gao Huan's decisions would definitely not be able to push.

Chen Zilong became the secondary assistant and stared at the position of the chief assistant. To be the chief assistant, he must get the support of the emperor, so Chen Zilong must cater to Gao Huan's wishes.

In this way, when Du Yinxi's work is in line with Gao Huan's will, Gao Huan will let him do it. When he is not in line with Gao Huan's opinion, Gao Huan will let the second assistant come forward and fight with the first assistant to achieve his goal.

At this time, Chen Zilong immediately put forward the suggestion given by Gao Huan, and issued an additional 10 million Qianyuan, but did not directly invest it into the domestic market. Instead, he asked the vassal states to exchange gold, silver and materials for Qianyuan, and then allowed the vassal states to use Qianyuan to buy weapons and goods in the court, and stipulated that in the future, overseas trade would be settled by Qianyuan.

This is a very exquisite design. Chen Zilong explained it to everyone for a while, and Du Yinxi and others could barely understand it.

"Chen Yizheng means that after foreign trade is settled with Qianyuan, countries cannot directly purchase goods even if they have silver. They need to exchange them for Qianyuan in advance for reserves." Du Yinxi said.

Chen Zilong said: "This is actually similar to silver dollars. But before there were no silver dollars, we would also collect silver. Now after the Qianyuan settlement is implemented, we don't need silver to be just Qianyuan. In order to purchase goods, countries must prepare Qianyuan in advance."

Everyone nodded slightly, and Chen Zilong continued: "In the market, sometimes more, sometimes less. When it is too much, the price of Qianyuan is relatively low, and when it is too little, the price of Qianyuan is relatively expensive. This kind of Qianyuan fluctuates against gold and silver and other countries' currencies is the exchange rate. Because the exchange rate has been fluctuating, those countries that trade with our country and need to buy goods from our country cannot exchange for Qianyuan when they buy goods. In this way, they will definitely need to pay a lot of gold and silver and their own currency, so they must reserve a large amount of Qianyuan in advance."

Du Yinxi understood, "This is, most of the 10 million Qianyuan issued will be reserved by various countries and will not be immediately circulated."

Seeing this, Gao Huan smiled and said, "Your dear finally understands what I mean!"

Du Yinxi was a little shocked and didn't expect that he could play like this, "Your Majesty, will all countries accept such an agreement?"

Gao Huan said: "Generally speaking, countries are naturally unwilling to accept it, but in special circumstances, it may not be necessary."

...

The special situation Gao Huan mentioned is Bangladesh, Western China and Xinshang Company.

Now they are all fighting and urgently need the material support of the Qian Dynasty. Then, if the Qian Dynasty says they have no other choice to accept Qianyuan, they have no other choice.

Time flies to the end of the 13th year of Longwu. This year, the whole world is not peaceful and wars are everywhere.

In Yinzhou, Xinshang Company and the Spanish fought intermittently for nearly ten years. The Qian Dynasty immigrants gradually occupied a vast area on the edge of the Central Plains from the initial base of Kingsoft County to Vancouver Bay in the north, to the Baja California Peninsula in the south, and to the east to the edge of the Central Plains.

However, although Xinshang Company has gained a firm foothold in Yinzhou, its strength is still weaker than Spain, and it can only deal with Spain with the support of the Qian Dynasty.

Therefore, Qianchao asked Xinshang Company to exchange large amounts of Qianyuan for reserve funds with gold mined by Jinshan, and Xinshang Company would definitely not refuse.

Besides, Bangladesh and the Western countries, after they provoked the war, the progress was smooth and the army was about to approach Delhi, but because Britain and France participated in the war, the war entered a stalemate.

At this time, they had been fighting in India for more than seven months and had many large-scale battles with the Allied forces formed by Britain, France and Mozambique.

In India's history, there has never been such a fierce war. In the Battle of Delhi alone, nearly 100,000 people were killed on their own.

This forced Bangladesh and the Western countries to carry out general mobilization, recruit young and strong people domestic, form an army to send them to the front line.

Because the heavy industry of the two countries is extremely backward, the equipment needed to form an army needs to be ordered from Qianchao. Gao Huan felt that it would be fine to let them reserve Qianyuan as foreign exchange.

Industrialization and the construction of a country require the accumulation of capital. The West relies on colonial exploitation to complete capital accumulation.

Historically, China completed industrialization through the sacrifice of millions of farmers to complete the accumulation of industrialization.

Now that the Qian Dynasty is about to complete industrialization and carry out large-scale construction, the entire tribute system must be put in place.

Of course, after the Qian Dynasty completed its accumulation, it would in turn help them carry out construction and improve the living standards of the people of the vassal states.

~~~~~~~~

December 9th, Shanghai.

A sailboat came to Huangpu Port to dock the Western delegation that participated in the New Year's tribute.

At this time, Xu Yixian led the delegation off the ship, but found that the Ganchao officials who should have come to greet him did not appear.

A group of people got off the boat, and everyone was watching around, looking for the figures of officials from the Lifan Academy. Xu Yixian said in a deep voice: "Stop looking, no one will come. Arrange the carriage, let's go to Nanjing by ourselves."

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Chapter completed!