War of Resistance: Glory of the Beasts

Chapter 403 The Economy in 1935 (Thanks to 'Book Friends' for the reward)
If you were to ask what the country lacked most during this period, there would probably be many answers, including foreign exchange, talent, food, mineral reserves, etc.

Does our country have foreign exchange reserves?
Have.

Not only that, but it also saved the country and the city.

In 1935, the national government issued legal tender, with the earliest quoted price being 1 legal tender equal to 1 shilling and 2 pence British pound.

But do you know what this looks like in the eyes of the Japanese?

To put it in terms that everyone can understand, this is like a bronze player getting a 100-star king account and suddenly opening a competitive mode!

That would make the Japanese very happy!

The Japanese first issued "butt-wiping paper" that they did not even approve of to defraud people in Songhu. As a result, the people of Songhu had all seen and eaten it before, and no one recognized their stuff. What did the Japanese do? They let the traitors and traitors take these butt-wiping paper to continue to defraud people in the countryside!
In those days, information was blocked and the country folk were easy to deceive. After a few tricks, they were persuaded to exchange "bath tissue" for food.

The Japanese turned around and exchanged the free grain for the "legal currency", and then used the "legal currency" to exchange for gold, silver and other hard currencies through the banks. This gave rise to a very famous saying at the time: "It is impossible to fill a bottomless pit with gold sand" (from Li Deyin's "Economic Literature Collection").

In order to stabilize the unlimited decline of the legal currency, the national government had no choice but to take action. The means of rescuing the market was to stabilize the exchange rate by selling a large amount of foreign exchange.

What does it mean?

Aren't silver and gold almost bankrupt? Then how can we prove that the legal tender issued by the national government is valuable? The country uses foreign exchange to exchange with you. Don't you trust domestic money? You should trust foreign money, right?
In this way, the exchange rate was stabilized at 8.125 pence. From the time the legal currency appeared to the time it fell below 60% of the official price in just two months!
At that time, the national government had no foreign currency that could be exchanged, which led to the subsequent collapse of the legal currency.

This is what is called the Republic of China’s lack of foreign exchange.

Then why can some novels tell you with solid evidence that you can earn foreign exchange by making "stockings"?
First of all, stockings were invented in Spain. At first, they were worn by men, and civilians were not allowed to wear them. Then they became popular because everyone thought they were aristocratic stuff. In 1938, modern wool stockings were invented in America, and they were favored by women. That’s why the founder of Chanel said, “Don’t go out without a hat, and don’t go out without stockings,” which was recorded in “A Brief History of Stockings.”

The use of these things as capital to exchange for foreign exchange began after the Japanese attacked Pearl Harbor. At that time, American women loved stockings to the extent that they even listed them as military supplies. Even female soldiers loved them, and female soldiers have always been the bait for American men to join the army.

After the Japanese attacked Pearl Harbor, many women could not buy stockings on the market. This is recorded in history.

The reason why those people wrote novels in this way is based on two inherent ideas. First, they have naturally applied the modern "Made-in-China" to the Anti-Japanese War period, believing that China at that time was still a major manufacturing country in the world and its manufacturing level was recognized by the world;

The second is that this thing is simple to produce and extremely easy to operate. To put it bluntly, this is just a free-thinking idea within the scope of understanding, and it's just a brain hole.

To put it bluntly, if you were the leader of the United States, would you allow the large-scale appearance of "stockings" in the import and export trade declarations when Pearl Harbor had just been attacked by the Japanese? Would you allow the domestic money to be taken away in this way?
Secondly, the exchange rate at that time was not actually determined by the national government, but by the black market.

While Europe was desperately cracking down on the black market and controlling the exchange rate, the black market at home was the only way for wealthy people to obtain foreign currency, but the government did not crack down on this black market. This created a tacit consent that the people only recognized the black market price and not the official price.

This ultimately caused the overall exchange rate to hit rock bottom, which led to the failure of legal currency.

This is also the reason why when Xu Chaoyang asked Mr. Xiong, such a great mathematician, about "economic issues", Mr. Xiong pushed it to Duan Jingwen. He couldn't explain the above things in detail to a rough soldier like you, and it wouldn't be worth it to argue with you. Guo Degang knows that "if I discuss art issues with the audience, it's my fault". How could he not understand this truth?
Duan Jingwen was a young and brave man who was not afraid of tigers. Naturally, he answered whatever Xu Chaoyang asked. Like all young people meeting their leaders, he wanted to pour out all his enthusiasm...

This was something Xu Chaoyang figured out only afterwards. Otherwise, how could a mathematician like him not understand some economic issues?
People just don't want to talk to you.

So how can we save the country?

Xu Chaoyang didn’t know.

He only knew that when the country could only produce 1935 to 8000 tons of steel, Dagu Shipyard, after two years of stability, had achieved an output of 30 tons in , and that was all thanks to those -ton Martin furnaces!
He also knew that since Song Zheyuan became the King of North China, the first thing he did was to send people to the Laiyuan Copper Mine. After testing, the location was thoroughly determined and formal preparations for mining were made. Many production lines at Dagu Shipyard were eagerly awaiting the arrival of the copper mine.

He also knew that not many years after the sun shone on the earth, my country's steel production reached the level of one million tons, and the nationwide steel production campaign created a wave of enthusiasm...

Xu Chaoyang was not a person who would take shortcuts. He would save money just like ordinary people. For example, he brought back not only 570 children from Peking, but also Wang Shoujing and his son from the Department of Physics of Peking University. Wang Shoujing received a master's degree in physics from Cornell University in 1925, transferred to Harvard University in the same year, and transferred to Columbia University in 1926 to pursue a doctorate, where he created the famous "Wang's Formula".

According to official history, in 1933, Wang Shoujing was arranged by the National Government to go to Germany to purchase military equipment. After returning to China, he planned to build the National Government Machinery Factory in 1936 as a major general commissioner. At the same time, he also created many firsts in the country at that time, such as the first machine tool in the domestic machinery industry, the first large generator, the first large steam turbine, the first 500-horsepower electric motor, the first domestically produced 40-ton boiler, the first domestically produced ferroalloy smelting furnace, etc.

The most important one was the 1942-ton "Ziyuan" car developed in May 5. Although only five vehicles were produced in the first batch, these five vehicles that were sent to the front line were in operation for many years.

His father Wang Jitong was equally capable. He was not only a physicist, but also a mechanical and electrical expert. It was only in recent years that he became a Buddhist in the turbulent times and began to cultivate his body and mind.

But in the Anti-Japanese War time when Xu Chaoyang lived, neither of the father and son was asked to leave by the National Government. It is very likely that his appearance caused many things that did not exist in history. For example, Song Zheyuan kept making things difficult for He Yingqin, which made it impossible for He Yingqin to free up his hands to recruit talents. This was the reason why Wang Shoujing was still the dean of the Department of Physics at Peking University in 1935, and the old man was studying Buddhism at home.

The reason they were willing to meet Xu Chaoyang was that his identity and recent newspaper reports proved that this "anti-Japanese hero" was genuine.

The way Xu Chaoyang was able to invite these two men was very simple - secondment.

He first visited the family at home, and during the conversation he kept sighing, "Mr. Wang, why don't we have as many advanced weapons as the Japanese? Hey, we have been researching the armored vehicles for almost two years, and we still can't copy them!"

"And the Oerlikon cannon and the IG18 cannon, they're either broken here or there, they're just too confusing."

Wang Shoujing listened to these words and exchanged a glance with the old man on the reclining chair. Both of them were smiling. The gentleness that was unique to intellectuals was fully reflected in these two people.

Wang Shoujing said in a southern accent: "Captain Xu, you have to be polite when asking for help."

Xu Chaoyang then slapped his thigh and cursed himself in his heart. What kind of nonsense is this when talking to such a smart person?

He simply stood up, knelt in front of the two men, and said only one sentence: "Sir, please go to Dagu Shipyard and save the country!"

A head hit the ground with a loud bang!

Wang Shoujing did not help him, but slowly stood up, wearing a green gown and put his hands behind his back. He took the blame.

What he accepted was the sincerity of a famous anti-Japanese general, and what was flowing in his body was the patriotic heart.

This time Xu Chaoyang had a good idea in his mind. With the old man of the Wang family, an expert in electromechanics, and Wang Shoujing, a talent who could create a "resource brand" car, an armored vehicle, Dagu Shipyard would have heard the movement;
As long as his family settled in northern Shaanxi and had a stable rear base, and the territory was secured, Xu Chaoyang had already made up his mind to completely dismantle the Dagu Factory and move all the members of his 217th Regiment away before the July Incident, in order to lay the most basic foundation for northern Shaanxi!

At that time, they had the arsenal;

The entire 217th Regiment of Soldiers are skilled workers;

There are 570 reserve talents who have worked in Dagu Shipyard for two years!

This is what is truly lacking in the rear area.

By then, if the entire 217th Regiment was split up, how many arsenals would be hatched and how many troops would be brought out, Xu Chaoyang didn't dare to think...

Woo!
When the train entered Dagu, Xu Chaoyang finally grinned as he looked at the sunset. He thought that he had done everything he could after returning to this era.

　Thanks to brother 'book friend 20171209141549965' for the reward. Thank you very much. I am very grateful.

　　
　
(End of this chapter)