On the train going south, Liu Jin was looking at the scenery outside the window and fell into deep thought.
"It was really an accident. I thought that the 20 million taels of silver might not be raised, and the prince would have to come up with the money. Who knew that enough funds would be raised so smoothly."
"And there wasn't enough to sell, and many people who didn't buy the stock even made a fuss."
"It seems that the popularity of the Ming Dynasty's stock market has made investment seem a bit irrational. The Nanjing Yangtze River Bridge is a big investment, but the returns are not big. There is no way to compare with the Egyptian Canal, but it still attracts a lot of investment, even from overseas.
The feudal kings came back to invest in large amounts."
"Also, Tianjin's stock market has continued to rise recently. This must be related to the emergence of the telegraph. With the telegraph, the exchange of information between various places has become more convenient and faster. Even the bank has a telegraph.
, the flow of wealth has become faster."
"That's fine. Daming's infrastructure construction has just begun. There are still a lot of railways that need to be built. If someone is willing to invest, then the railway construction can be faster. At least there will be no shortage of funds."
"Instead of letting the landowners' old wealth bury in the ground, it is better to use this money to invest in infrastructure, so as to promote the development of Ming Dynasty faster."
Thinking of this, Liu Jin also smiled.
The purpose of setting up banks and stock exchanges by oneself is naturally to concentrate the idle funds of the Ming Dynasty to do big things. If this money is stored in the cellar, it will be like a lump, without any value, and it can neither be drunk nor drunk.
But it is different when it is used. The role of money can be exerted. With the continuous flow of funds, factories, businesses, workshops, railways, highways, ports, reservoirs, dams, etc. can all be built with money.
These are all big projects, and many of them are major events that will benefit the present generation and benefit the future. They will be very helpful in promoting the development of Ming Dynasty.
Moreover, these large projects can greatly promote employment, employing many people, driving employment, creating wealth, and the wealth of the entire country can snowball like a snowball.
In addition, we also look at promoting the development of technology.
Take the construction of the Nanjing Yangtze River Bridge as an example. It is definitely a huge challenge for Daming's construction engineering technology. If the Nanjing Yangtze River Bridge can be built, then there will be no problems or difficulties in building other bridges. Building a bridge
It was enough to elevate Ming Dynasty's bridge construction technology to a new level.
In the past, these wealthy landowners in the Ming Dynasty liked to build cellars, and then pile them full of silver and gold. They even melted the gold and silver into bricks and used them to build walls and houses.
The wealth of the entire society continues to accumulate in their hands, and then they bury it underground. The result is that silver and gold in society are always very scarce, currency is constantly proliferating, and at the same time it is extremely lacking in circulation.
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Once money lacks circulation, it loses its role and value and brings huge problems to society. The people at the bottom have always been in poverty. The wealth created by society always depends on the one-third of an acre of land, and dynasties often escape.
There will be no more than three hundred years of reincarnation.
Therefore, Liu Jin knew clearly that he had to get out the money in the Ming Dynasty's cellar and let it circulate continuously in society, so that the Ming Dynasty's economy could be truly activated.
Otherwise, no matter how much gold and silver wealth is plundered from overseas colonies, the gold and silver will be buried underground immediately, and it will still not be of any help or development to the Ming Dynasty's economy.
Nowadays, the Tianjin Stock Exchange stock market is booming, which is also a good thing. You can get all the money from the landlords and wealthy people. With this money, you can do anything, whether it is infrastructure construction or building factories, it is all a waste.
It's working.
The Ming Dynasty's economy could develop rapidly, and banks and the stock market played a very large role.
Almost every railway that is being built now is a railway factory that has raised funds through listing on the stock exchange, often tens of millions or even hundreds of millions of taels of silver.
If there was no stock exchange and the Ming Dynasty government or private businessmen had to do it alone, I am afraid that even now, the Ming Dynasty would not be able to build a few railways.
But it’s different with the stock exchange. The Ministry of Industry is approving new railway lines every year, and railway construction starts every year, from the earliest Beijing-Tianjin Railway to the Beijing-West Railway, Beijing-Liaoning Railway, and Tianjin-Southern Railway.
The South-Shanghai Railway, the Shanghai-Hangzhou Railway, the Jiangxi-Guangdong Railway, the Kaiwu (Kaifeng to Wuchang) Railway, etc. are currently under construction.
All these railways require huge investment, and they are all main railway lines of the Ming Dynasty. When these railways are completed, they will basically form a railway network covering the Ming Dynasty.
Such a huge railway project requires hundreds of millions of dollars.
Without a stock exchange, there is no way to even think about it.
Although the imperial court has money now, there are also many places to spend money. The annual infrastructure budget has a fixed proportion, and it is also divided into cement roads, dams, reservoirs, ports, docks, etc. Railways are only part of it.
.
As for the private sector, there are only a few people who can afford such a huge railway investment. Even a wealthy man like Liu Jin may not be able to build a few railways.
Therefore, we still have to rely on the power of the entire country to split the shares into countless shares through the stock exchange. You give a little, I give a little. Huge funds can be raised quickly, and no matter how big the project is, it can be done.
stand up.
This is different from later generations.
In later generations, infrastructure construction was mainly carried out by releasing water. To put it simply, it is to pool wealth through currency devaluation to build infrastructure. In fact, in the final analysis, it is still necessary to pool the strength of the entire country to build infrastructure, because the water released will ultimately be borne by the people. Of course, infrastructure construction
After it is completed, it will be the common people who will enjoy the convenience.
All in all, they are all the same, which is to find ways to concentrate efforts to do big things, get money out, let it circulate continuously, create more value, and promote social progress and development.
The only difference is that the Ministry of Household Affairs of the Ming Dynasty not only allocated funds, but also enjoyed the returns from the investment.
In the case of railways, the Ministry of Household Affairs basically provides the majority of the shares and the income generated from the operation of the railway is also distributed according to the proportion of investment. The Ministry of Household Affairs can get a share of these huge infrastructure projects every year.
A lot of money, even this amount of money is getting bigger and bigger, and the proportion is getting bigger and bigger.
This is a virtuous cycle. The Ministry of Housing and Urban-Rural Development has money to continue investing in infrastructure. When the infrastructure pays off, the Ministry of Housing and Urban-Rural Development can continue to invest.
Of course, it still depends on the return on investment. Of course, good railway lines can be profitable, but some railway lines are difficult to make profits. Just like the high-speed railways in later generations, there are only one or two that are really profitable, and the other railway lines are all
It is operating at a loss. As for recovering the investment, I don’t know how long it will take until the year of the monkey.
But even if there is a loss, some things still have to be done, because at the national level, the issue is not about profit and loss at all, but about consolidating the country and promoting local development.
"Perhaps like later generations, we should set up relevant state-owned enterprises and commercial firms under the Ministry of Household Affairs to do these things."
Thinking of this, Liu Jin thought of the state-owned enterprises of later generations and couldn't help but shake his head.
Think about it and forget it.
Now the Ming Dynasty's model is quite good. It combines public and private, private management and application, and public supervision. This model is also very good. It can fully protect everyone's interests and better promote development.
"Old Liu, this is my first time going to Jiangnan. I heard that there have been many beauties in Jiangnan since ancient times. I don't know if it is true?"
Opposite Liu Jin, Zhu Houzhao was actually thinking about Jiangnan beauties, leaving Liu Jin speechless for a while.
After all, you are also a prince, the crown prince of the Ming Dynasty. There are already many women in the harem, whether they are from the south of the Yangtze River, those from the north, those from the Western Regions, Nanyun Province, Korea, or the Japanese Kingdom. You don’t have any women, yet you don’t have any.
I know, I really don’t know what to say to you.
"Aren't there beautiful girls selected by Jiangnan in His Highness's harem?"
Liu Jin was speechless. No wonder this guy couldn't have children in history. He was exposed to it too early and was too addicted to it, so he couldn't have children.
That is to say, he traveled through time. After listening to his words, Emperor Hongzhi imprisoned him until he was eighteen years old. He was not released until he was truly mature, otherwise he would continue to follow the same path of history.
"How do I know who was chosen by Jiangnan? They're all the same if they're naked."
Zhu Houzhao curled his lips and said.
"Your Highness, His Majesty did not ask you to come to Jiangnan this time to find a woman."
Liu Jin was speechless again.
"I know, I just said it this way. Don't worry, I won't forget important things."
When Zhu Houzhao heard this, he immediately felt bored. He couldn't talk to Liu Jin about this matter. He only had two wives and was suffering from tracheitis. How could he understand this?
Liu Jin looked at Zhu Houzhao with a look of disbelief.
I just hope he doesn't harm too many girls this time, he already has enough women.
This trip to Nanjing was naturally to preside over the groundbreaking ceremony of the Nanjing Yangtze River Bridge and to inspect the flood situation in the south of the Yangtze River.
This year, the south of the Yangtze River was hit by a major flood that had not happened in decades, and the north was hit by a severe drought. Emperor Hongzhi also paid great attention to this, so he sent Liu Jin to Nanjing, and by the way, he also asked Prince Zhu Houzhao to go south to have a look and inspect people's livelihood.
Let's see if the people's lives in Jiangnan have been greatly affected by the floods, whether they will have too many difficulties, and whether they need some support from the court.
Emperor Hongzhi loved the people like a son and always cared about the people.
