Chapter 248 Plum Blossom Watch (2/2)



But because both families bought a lot of things and they had to protect their wives and children, they did not take the goods for the time being.

Farmers are like this. They miss their children at home whenever they go out. Qiao Jiang wanted to ask them to stay for a day, but they refused. They bought a lot of things and went home with their bags.

Despite Qiao Jiangxin's refusal, Liu Afang bought her a pair of small leather shoes and malted milk, and also tore off a piece of light blue cloth, saying that she would help her make clothes.

"Jiang Xin, there is no end to the work, and you can't just do it all the time. You should take a couple of days off and go home to rest. Mom will kill a chicken for you to eat." Liu Afang instructed while holding Qiao Jiangxin's hand.

Qiao Jiangxin nodded, "Don't worry, Mom. Second Aunt and Taozi are here, as well as Sister Xinyan and the others. I'm not too tired to go anywhere. I'll go home to see you when I'm free."

Liu Afang nodded, "Okay, when the clothes are ready, I'll ask your dad to bring them to you."

Then she lowered her voice and asked, "Do you have money? If you don't have money, ask me for it. There is money at home, and I save it all."

Speaking of money, Qiao Jiangxin waved his hand and called Qin Xue over.

"Mom, auntie, don't keep too much cash at home. Keep the amount for freight transfer and deposit the rest at the post office in town to open a passbook."

Qin Xue was a little hesitant. "I have considered this, but I always think it is safer to keep it in my own hands than to leave it in other people's hands. Besides, everyone keeps their money at home, but no one puts it in the bank. I will discuss it with your mother when I get back."

Although Qiao Jiangxin did not have much education, she had spent most of her life with Chen Wende. She had also heard Chen Wende and Chen Zhi talk about some things that she did not understand.

Before the founding of China, the country's financial order had already collapsed, leaving behind the previous structure of "big finance" and "small banks".

Before the founding of the People's Republic of China, prices had risen a hundred million times, and the currency commonly used in the city had become foreign exchange and gold.

The countryside has returned to the era of barter, and the financial system has become a mess.

In the 1950s, due to the impact of the Korean War, the people and the government troops panicked and rushed to buy supplies. For the first time, the state ordered the freezing of 90% of all unit deposits for a period of one month to stabilize the banking system and eliminate the potential threat of rising prices.

During the Great Leap Forward in 1960, in order to meet the needs of efficient construction, banks issued more banknotes to make up for a fiscal deficit of nearly 17 billion yuan. Subsequently, due to inflation and various other reasons, the country froze bank deposits again at the end of the year in order to maintain economic stability.

During the Cultural Revolution in 1968, domestic financial expenditures were in chaos, resulting in the first fiscal deficit since the Great Leap Forward. The central government issued an emergency notice to freeze deposits for the third time.

In 1977, the great leader passed away. Coupled with the Tangshan earthquake and the fact that the country had consumed too much foreign exchange by importing large quantities of Western technology and equipment in the previous few years, the country's economic development progress stagnated, various investment imports declined, industrial and agricultural product production decreased, major state-owned enterprises suffered huge losses, and the national fiscal deficit lasted for three consecutive years. As a result, the country froze all deposits of various units for the fourth time to ease supply tensions.

These four large-scale deposit freezes have deeply touched the hearts of the people. Although they were all due to the deterioration of the financial situation and the country took effective measures to stabilize the economy and prevent deterioration, the people no longer feel safe.

They don't understand what a fiscal deficit is, nor do they understand economic crisis, much less large-scale construction and fiscal balance. They only know how to believe everything they hear.

They heard that their money deposited in the bank might be frozen and they couldn't get it out when they needed it.

In addition, the per capita deposit was low at that time, so most people in rural areas would not deposit money in banks, and if they had money they would hide it at home, so that it would be safer to hold it in their own hands.

"Aunt, it's safe to keep money in your own hands, but it's not safe to keep too much cash at home. You can't put all your eggs in one basket. If you have extra money, I suggest you deposit it in the bank. I know you have a flexible mind at home, so you should discuss it with my mom." Qiao Jiangxin advised.

Qin Xue nodded, "Okay, since you said so, I'll put it to rest."

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