But even so, Zhao Zhen was crazy with joy.
In just a few days, more than 500,000 strings of cash were deposited in the Jiaozi office. And this was only in Bianliang, not including Chengdu. If Jiaozi were spread to more than ten of the most prosperous cities in the entire Song Dynasty, I am afraid that tens of millions of strings of cash would soon be deposited in the money box.
These funds do not require interest, and merchants will be charged high storage fees and handling fees. In the case of money making money, it is more than enough to solve the problem of the empty treasury caused by the cash-on-demand system in a short period of time.
What’s more important is that this will greatly promote economic development, make the country’s fiscal and tax revenue healthier, and significantly increase income.
At that time, merchants traveled to buy and sell goods.
For example, after the Jiaozi shops were opened between Chengdu and Bianliang, merchants would transport Chengdu’s specialties to Bianliang to sell, and then transport goods from Bianliang to Chengdu to sell, thus forming a fixed trade route.
However, the Song Dynasty did not have a large influx of silver like the Ming and Qing Dynasties, so one had to carry copper coins when going out to do business.
Copper coins were measured in strings of guan (a type of string), with one string weighing one thousand wen (a type of string), and each string weighing five Song jin (a type of jin). In the Song Dynasty, one jin (a type of string) was 640 grams, equivalent to about 3,200 grams, or 6.4 jin (a type of jin). During the reign of Emperor Huizong of Song, iron coins became the mainstream, with one string weighing 14.4 jin (a type of jin).
Even if we only count copper coins, if you do a business worth 100,000 strings of cash, you have to carry 640,000 kilograms of copper coins with you when you go out.
In addition to being heavy, copper coins also take up space. Water transportation will squeeze the storage space for goods, and it is also a hassle to carry them on and off the ship every time.
Due to such restrictions, major merchants may only travel between Bianliang and Chengdu once or twice a year.
But now that we use Jiaozi, we can make more trips every year.
It doesn't even take much. Just one more trip can generate a lot of money, create many jobs, and support a lot of people.
Even though commodities have a certain turnover period, we should not forget that the waterways and the Maritime Silk Road were extremely developed in the Song Dynasty, and nationwide circulation of goods could be achieved through the Grand Canal.
As long as Jiaozi is spread in major commercial cities across the country, allowing the circulation of materials and currency to be faster, handicraftsmen, shipyards, fleets, escort teams, as well as hotels, restaurants, dock porters, etc. along the way can all benefit from it.
Therefore, after the opening of the Jiaozi shop, it will not only benefit the merchants, but the economic environment of the entire society will be greatly improved, and the economic benefits it will drive will be immeasurable.
This is a classic example of making the plate and the cake bigger.
In addition, merchants deposited their money in Jiaozi shops, and the entire economic system was revitalized through Jiaozi shops. The official tax revenue of the Song Dynasty would increase significantly, and there would be extra money for education, transportation, and scientific and technological construction, which would create more jobs and development.
You can say that.
The construction of a single Jiaozi shop benefits the entire country.
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