Warlord: Red Alert Base, I challenge the whole world alone
Chapter 65 Currency Reform Plan, Northern Frontier's Spring City Defense Line
Chu Anshi, President of the Executive Yuan of Beire Province, and Meng Zhenhua, Director of the Finance Department, came to Jiang Hua's office together.
Chu Anshi is an administrative talent selected from among thousands of troops. The current government system at all levels in Beire Province was built by him.
So when the Executive Yuan was established, the position of president naturally belonged to him.
Meng Zhenhua, the director of the Department of Finance, was originally a naval soldier. Because he studied economics-related majors in college, he forced his way into the position of director of the Department of Finance.
As for where he went to university, Jiang Hua didn't know, but that was what the soldier's background introduction said.
The two of them came together, naturally because of economic issues.
"Commander, our economy has recovered somewhat, but the monetary system seems a bit chaotic. There are oceans from various warlords, and the silver content in these oceans varies, so the purchasing power also varies.
I came to you this time with Director Meng because we want to unify the provincial currency and create a new one. I'll let Director Meng report to you on the details."
After saying that, Chu Anshi stepped aside. Meng Zhenhua looked at Chu Anshi gratefully, and then came to the front of the desk.
"Okay, Director Meng, do you have any solution?"
At present, the main currency of the ancient country is still the ocean from the last century.
However, at the end of the dynasty, there were silver coin mints in many regions, and the silver content and size at that time were similar, with only slight differences.
With the outbreak of the revolution, warlords from all over the country took advantage of the situation, and all kinds of silver dollars emerged.
In order to expand their armies, some warlords reduced the silver content of the currency, while others simply reduced the size of the dollar and used it as one dollar.
This also caused chaos in the ocean system.
Moreover, the silver dollar is only one of the mainstream currencies in the market, and another currency is still popular.
This currency is silver!
At present, dollars and silver are also circulating in parallel in the market, which has brought very complicated conversions to the settlement of bulk trade and greatly increased transaction costs.
It can be said that the existence of the silver system has increased the cost of bulk trade to a certain extent. In short, it has more disadvantages than advantages.
"If that's the case, why not abolish the silver ounce and switch directly to silver dollars?"
Jiang Huazhen was not very aware of this situation, so he asked the question in his mind.
Meng Zhenhua explained: "Money shops! Money shops have existed since ancient times and are traditional financial institutions. They mainly engage in currency exchange and deposit business.
Currently, money houses still occupy a dominant position in the financial market, and their traditional business is to exchange silver and money.
Now the commission for exchanging silver and silver dollars in commodity trade has become an important source of income for these money houses.
Once the silver system is abolished, the business of money houses will shrink significantly and their profits will drop significantly, and they will lose control of the financial market.
Therefore, they firmly opposed the abolition of the silver system, which is also the main reason why silver is still circulating in the market.
Currently, in Beire Province, the money houses from Jinyuan area dominate the market.
Therefore, I would like to take advantage of this opportunity of currency unification to abolish the silver tael and establish a bank directly under the Executive Yuan, returning financial control to the government.
After hearing this, Jiang Hua finally understood the purpose of their currency reform.
One is to facilitate the trading of commodities.
Especially as the industry in the Northern Reservoir Province has begun to rise slowly, various factories are being built everywhere every day.
The most common ones are various cement factories, match factories, alkali factories, soap factories, toothpaste factories, etc.
The industrial products produced by these factories are closely related to people's lives. They are also currently popular industries, and funds have begun to flow into these industries.
Therefore, the scale of transactions is getting bigger and bigger, and currency reform is urgent.
"Money houses...private financial institutions are dominant, and the money we earn from industrial development actually benefits them.
I agree with your currency reform plan. There is no need for these money houses to exist anymore. They will only suck our blood.
In addition to currency reform, banks at all levels will be established simultaneously to form a complete system to serve our industrial development, which will also make people's lives more convenient.
Show me your plan."
Meng Zhenhua's face immediately showed a look of joy, and he quickly handed the proposal he had been planning for a long time to Jiang Hua.
Jiang Hua took the proposal and began to read it.
The first step in currency reform is to establish a currency mint and build a currency mint at the same time.
This is not difficult at all for them.
The Red Alert base has ready-made machinery and equipment, which are even more advanced and there is no need to import them from abroad.
This is a money-making machine, and it's not cheap to import.
Then came the unification of the regulations for the silver dollar.
The minted silver coins still follow the regulations previously formulated by the Northern Frontier Court.
The weight of each silver dollar is six cents, four cents and eight cents of pure silver in Kuping, with a total weight of seven cents and two cents, which is seven cents and two cents in Kuping.
Its silver content is 89% and its copper content is 11%.
In addition to silver dollars, there are also copper dollars.
Copper coins serve as subsidiary coins of silver coins.
Mainly made of brass, there are five styles of copper coins, different in size and copper content.
It mainly consists of five types of copper coins: one wen, five wen, ten wen, twenty wen and fifty wen.
One wen is the smallest, and fifty wen is the largest, which is slightly smaller than the silver dollar.
100 Wen can be exchanged for one dollar.
Copper coins were mainly used by the people in their daily lives, while silver coins were mainly used for commodity trade.
After reading the proposal, Jiang Hua nodded with satisfaction and said, "Very good, I'll follow your proposal."
Silver and copper coins are just transitional.
The silver standard is already an outdated product today.
Jiang Hua will never forget the Eagle Silver Act in the history of the original time and space.
In order to escape the economic crisis and realize its attempt to monopolize the world's financial power, the Eagle Sauce at that time issued the Silver Act.
This also led to a large outflow of silver from the Republic of China at that time. The sharp decline in silver naturally led to a trade deficit and deflation, and the economy naturally began to decline.
Therefore, the silver standard puts the lifeline into the hands of Westerners.
However, now is not the time to issue credit currency.
It is necessary to first transition from the silver standard to the gold standard, and then to credit currency, so that a credit system belonging to the Renaissance Army can be gradually established.
Credit currency only has a foundation when everyone trusts it.
After all, people nowadays are terrified of paper money as they have been exploited for too many years.
February 2th, Renshen year.
The war in Quancheng, Qidong Province finally broke out.
The 5th Motorized Infantry Division and the 8th Motorized Infantry Division launched a fierce attack on the Quancheng defense line of the Northern Xinjiang Army.
The Northern Frontier Army's Quancheng defense line has a depth of tens of kilometers, with a total of 12 divisions and nearly 6 troops deployed, including artillery regiments alone.
There are only 10 artillery regiments in the Northern Frontier Army.
The first and outermost line of defense of Quancheng is Zibo.
Beiwei and Zibo are both located on the Jiaoji Railway, 90 kilometers apart.
And in front of Zibo there is a hilly and mountainous area.
Among them, Heitie Mountain, Jiuding Mountain and Mulong Mountain are connected together and stretch across the front of Zibo City.
The first line of defense of the Northern Frontier Army was built on these three heights.
They built a large number of fortifications on these three heights, forming various cross-fire forces.
Once these three heights were lost, they would retreat to Zibo and engage in street fighting with the Fuxing Army.
The strategy adopted by the Northern Frontier Army is to block the enemy layer by layer and consume the manpower of the Fuxing Army.
Quancheng, the southern gate of Zhili Province, must be defended.
If Quancheng is lost, the consequences will be unimaginable.
That is why the Northern Frontier Army will do so at all costs.
This line will be managed by the 5th Motorized Infantry Division, the 2nd Heavy Artillery Brigade, the 3rd Heavy Artillery Brigade, and the 2nd Heavy Tank Brigade.
The 6th Motorized Infantry Division moved northwestward toward Guangrao County, pushing its troops to the south bank of the Long River.
This can also cover the flank of the 5th Motorized Infantry Division, preventing the Northern Frontier Army from crossing the Long River and harassing the supply lines, and at the same time form a pincer attack on Quancheng with the 5th Motorized Infantry Division.
As for the newly formed 9th Motorized Infantry Division, it is still being formed.
Whether the 9th Motorized Infantry Division will go west to join the battle of Quancheng or go east to join the battle of Daocheng depends on the development of the war.
Therefore, the 9th Motorized Infantry Division is also the strategic reserve force in Gu Zhengyang's hands, and it can be sent wherever it is needed.
In order to quickly break through the Zibo defense line of the Northern Frontier Army, Gu Zhengyang not only mobilized two heavy artillery brigades to assist in the battle, but also drew three K5E railway guns from the railway artillery regiment to join the battle.
He wanted to use artillery shells and aerial bombs to destroy this so-called Zibo defense line.
The Seventh Army of the Northern Frontier Army, also known as the Anwu Army, was responsible for defending the Zibozhou defense line. It had three infantry divisions and one artillery regiment, with a total strength of nearly 40,000 people.
The commander of the Seventh Army was Tong Yong, an old veteran who had followed Yuan Shicheng during his military training period.
Although his combat ability is mediocre, he is absolutely loyal to Yuan Shicheng.
Currently deployed on the front lines of Heitie Mountain, Jiuding Mountain and Mulong Mountain are the 22nd and 23rd Divisions of the Anwu Army and the 7th Artillery Regiment.
Luo Qing, commander of the 5th Motorized Infantry Division, arrived near the front line on the eve of the war and watched the Jiuding Mountain line of the Anwu Army from afar.
The positions, fortifications and fortresses on the three hills were arranged in an orderly manner, and there were many barbed wire fences. He even saw anti-tank piles at the foot of the mountain.
If it was a positional battle, then the fortifications along the Jiuding Mountain-Heitie Mountain-Mulong Mountain line would be absolutely impeccable.
But how could Luo Qing possibly fight a positional battle with the Anwu Army?
The biggest advantage on his side is the firepower delivery capability.
Divisional artillery, two heavy artillery brigades and the Air Force.
This is what the Fuxing Army relies on.
"Let's get started. Let's conduct four hours of artillery preparation first!"
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