“Woooooo~”

On the train heading south, Liu Jin was looking at the scenery outside the window and fell into deep thought.

"It was really an accident. I thought that 20 million taels of silver might not be raised, and the prince would have to pay the money at that time. Who knew that enough funds would be raised so smoothly."

"And it's not enough to sell, and many people who haven't bought stocks have a fight."

"It seems that the popularity of the Ming Dynasty stock market has made investments seem a bit irrational. Nanjing Yangtze River Bridge has a large investment, but the returns are not large. There is no way to compare with the Egyptian canal. However, it still attracted a lot of investment, and even overseas vassal kings came back to invest in a large amount."

"There is also the recent period of time that Tianjin's stock market has been rising continuously, which must be related to the emergence of telegrams. With telegrams, information exchanges between places are more convenient and fast. Even after the banks have telegrams, the flow of wealth has become faster."

"It's good that this is the case. The infrastructure of the Ming Dynasty has just begun. There are still a large number of railways that need to be built. Some people are willing to invest. Then the construction of railways will be faster, at least there is no shortage of funds."

"Instead of burying the landlords' wealth underground, this money would be used to invest in infrastructure, so as to promote the development of the Ming Dynasty faster."

Thinking of this, Liu Jin also smiled.

If you set up a bank or a stock exchange, you will naturally concentrate the idle funds of the Ming Dynasty to do big things. If you put this money in the cellar, it is a lump, with no value, and it cannot be drunk.

But it is different to use it. The role of money can be played out. The continuous flow of funds can be made. Factory, business, workshop, railway, highway, port, reservoir, dam, etc. can be built with money.

These are all big projects, many of which are great things that benefit the present and the future, and are very helpful for promoting the development of the Ming Dynasty.

Moreover, these major projects can greatly promote employment, and many people need to be used to drive employment and create wealth. The wealth of the entire country can snowball and grow bigger and bigger.

In addition, it also depends on promoting the development of technology.

Taking this Nanjing Yangtze River Bridge construction as an example, it is definitely a huge challenge to the Ming Dynasty's construction engineering technology. If the Nanjing Yangtze River Bridge can be built, there will be no problem or difficulty in building other bridges. Building a bridge is enough to lift the Ming Dynasty's bridge construction technology to a new level.

In the past, the rich and wealthy landlords in the Ming Dynasty liked to build cellars and pile up silver, gold, etc., and even used gold and silver to build walls and houses.

The wealth of the entire society is constantly gathered in their hands and then buried under the ground by them. As a result, the silver and gold in society are always very scarce, and the currency is constantly growing, and at the same time it is extremely lacking in liquidity.

生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生生�

Once money lacks liquidity, it will cause its role and value, bringing huge problems to society. The people at the bottom are always poor, and the wealth created by society will always depend on that acre of three parts of land, and dynasties often cannot escape the cycle of three hundred years.

Therefore, Liu Jin knew clearly that the silver in the Ming cellar must be made to allow it to circulate continuously in society, so that the Ming Dynasty's economy can be truly activated.

Otherwise, even if you return from overseas colonies and plunder the gold and silver wealth, these gold and silver will be buried immediately under the ground, which will still have no help or development for the Ming Dynasty's economy.

The stock market on the Tianjin Stock Exchange is booming now, 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 or factory building, it will also play a role.

The Ming Dynasty's economy was able to develop rapidly, and banks and stock markets played a very important role.

Almost every railway is being built now, through a railway factory that raises funds through listing on the stock exchange, which can cost tens of millions or even hundreds of millions of taels of silver.

If there was no stock exchange and the Ming government or private merchants alone did it, I'm afraid that the Ming Dynasty would not be able to build several railways until now.

But it is different with the stock exchange. The Ministry of Industry has approved new railway lines every year, and railways have started construction every year, from the earliest Beijing-Tianjin Railway, to the Beijing-Xi Railway, the Beijing-Liao Railway, and the Tianjin-Nan Railway to the South-Shanghai Railway, the Shanghai-Hangzhou Railway, the Ganzhou-Guangzhou Railway, the Kaiwu (Kaifeng to Wuchang) Railway, etc.

All of these railways have huge investments and are all railway trunks of the Ming Dynasty. When these railways are built, they can basically form a railway network covering the Ming Dynasty.

Such a huge railway project requires all the money needed in billions.

Without a stock exchange, you can't even think about it.

Although the imperial court has money now, there are many places to spend money. The annual infrastructure budget is in a fixed proportion, and it has to be divided into cement roads, embankments, reservoirs, ports, docks, etc. Railways are only part of it.

As for the people, how many people can afford such a huge railway investment? Even a god of wealth like Liu Jin may not be able to build several railways.

Therefore, we still have to rely on the power of the entire country to split the shares into countless stocks through the stock exchange. If you give a little, I will give a little. The huge amount of funds can be raised soon, and no matter how big the project is, it can be done.

This is different from later generations.

Later generations mainly used water supply to build infrastructure. Simply put, it was to concentrate wealth through currency depreciation to build infrastructure. In fact, in the end, it was the power of the entire country to build infrastructure. Because the water supply was finally borne by the people. Of course, after the infrastructure was completed, the people would enjoy the convenience.

In short, it is actually the same, that is, find ways to concentrate your efforts to accomplish big things, get out the money, let it continue to cycle, create more value, and promote social progress and development.

The only difference is that the Ministry of Revenue of the Ming Dynasty not only allocates funds, but also enjoys the returns brought by investment.

As for railways, the Ministry of Revenue basically has a large shareholding and accounts for the main shares. The income generated after the railway is operated is also distributed according to the proportion of capital contributions. The Ministry of Revenue can allocate a lot of money from these huge infrastructure every year, and even the money is getting bigger and bigger, and the proportion is getting bigger and bigger.

This is a virtuous cycle. The Ministry of Revenue has money to continue to invest in infrastructure. If the infrastructure has returns, the Ministry of Revenue can continue to invest.

Of course, it depends on the return on investment. Of course, good railway lines can make profits, but some railway lines are difficult to make profits. Just like the high-speed rail in later generations, there are only one or two that really make money, and other railway lines are operating at a loss. As for taking back the investment, I don’t know if it’s the year of the monkey and horse month.

But even if you lose money, some things still need to be done, because at the national level, what you see is not a problem of profit or loss, but a problem of consolidating the country and driving the development of a local area.

"Maybe like later generations, we should have set up relevant state-owned enterprises and commercial banks to do these things under the Ministry of Revenue."

Thinking of this, Liu Jin thought of the state-owned enterprises and the like in later generations, and couldn't help but shake his head.

Just think about it and forget it.

The Ming Dynasty's model is now quite good, with a combination of public and private, private management and application, and public supervision. This model is also quite good. It can fully guarantee everyone's interests and better promote development.

"Old Liu, this is my first time going to Jiangnan. I heard that there are so many beautiful women in Jiangnan since ancient times, and I don't know if it's true?"

Opposite Liu Jin, Zhu Houzhao was actually thinking about the beauty of Jiangnan, which made Liu Jin speechless.

After all, you are also a crown prince and the crown prince of the Ming Dynasty. There are already many women in the harem, such as Jiangnan, the north, the western regions, the Nanyun province, the North, the Japanese, you don’t have any women, you don’t even know what you are good at. I really don’t know what you are good at.

"Aren't there any beautiful girl selected by Jiangnan in the harem of Your Highness?"

Liu Jin was speechless. No wonder this guy in history could not give birth to children. He was too early to come into contact with him and was too addicted to it, so he could not give birth to children.

That is, he had traveled through time. After hearing what he said, Emperor Hongzhi locked him until he was eighteen years old, and was released only after he was truly mature, otherwise he would still follow the old path of history.

"How can I know who was chosen by Jiangnan? Isn't it almost the same if I take off all my clothes?"

Zhu Houzhao said with a pout.

"Your Highness, Your Majesty asked you to come to Jiangnan this time not to find a woman."

Liu Jin was speechless again.

"I know, that's what I said, don't worry, I won't forget the big thing."

When Zhu Houzhao heard this, she felt bored. She couldn't talk about this matter with Liu Jin. He only had two wives, people with bronchitis, and how could he understand these things?

Liu Jin looked at Zhu Houzhao and looked disbelief.

I just hope he won't harm too many girls this time, and he has enough women.

This time I went to Nanjing 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, Jiangnan suffered a major flood that happened once in a few decades, and the north was drought. Emperor Hongzhi attached great importance to this, so he also sent Liu Jin to Nanjing and asked Prince Zhu Houzhao to go south to check and inspect the people's livelihood.

Let’s see if the lives of the people have been affected too much after the floods in Jiangnan, and whether there will be too many difficulties. Should the court provide some support?

Emperor Hongzhi loved the people as much as his son and always cared about the people.

Chapter 1658, The Importance of Money Circulation
Chapter completed!