Yan Changqing, who was standing on the podium, clapped his hands lightly and said with a smile on his face:

"How, after experiencing the trading process of Shennong, Youchao, and Suiren five or six thousand years ago, how do you feel?!"

Zhu Yuanzhang, Empress Ma, the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all looked shocked.

Didn't they simply exchange what they had in their hands? ! !

Why did I suddenly dream back five or six thousand years ago, and even experienced the trading process of the ancestors of the Shennong clan, Youchao clan, and Suiren clan? ! !

Is this a bit too outrageous? ! !

Yan Changqing took back the things he had sent before, and then turned around on the wooden board covered with rice paper, and began to write with charcoal while narrating:

"The original origin of money can be traced back to five or 6000 years ago, when the ancestors of the Shennong clan, Youchao clan, and Suiren clan existed."

"In that ancient time, there was no such thing as [money] at first."

"At that time, the transactions were all carried out through the method of bartering at 0.3 like His Royal Highness Zhou Wang and Chu Wang just now."

"However, as the exchange of barter becomes more and more frequent, the scope of exchange becomes wider and wider, and the types of exchanges involved are also increasing. Each needs different things, which leads to the difficulty of bartering. It's getting bigger and bigger."

"So, at this time [money], or I prefer to call it [general equivalent], it was born!"

Yan Changqing successively wrote [Barter] and [Money or general equivalent] under [Money and Benefit] on the wooden rice paper.

"General equivalent?!"

Zhu Yuanzhang whispered this new term softly.

With the exchange experience just now, although Zhu Yuanzhang, Empress Ma, princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes are relatively unfamiliar with the word "general equivalent", they can still understand the meaning of this word of.

......

PS1: The new book is on the shelves, and we urgently need full orders and customizations from handsome guys, beauties, and bosses!I wish all the full-book and self-order bigwigs get rich overnight, good health, good luck and good luck!Thank you everyone!Kneel down to everyone! .

Chapter 152: The essence of money is general equivalents, but what is the essence of general equivalents? 【Please subscribe, please order】

"Yes, the essence of money is [general equivalent]!"

Yan Changqing turned his head, looked at Zhu Yuanzhang, Empress Ma, and princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes, nodded in affirmation.

"The so-called [general equivalent] is an item that can be used to express the value of all other commodities and serve as a medium of commodity exchange."

"For example, the handkerchief that His Majesty just took out for exchange was used as a [general equivalent] at that time."

"In addition to the handkerchief just now, the gold, silver, copper, and precious banknotes promoted and used by the Ming Dynasty today, as well as the colored glaze, antiques, calligraphy and paintings, and jade mentioned by your highnesses before, can also be said to be [General] equivalent】."

"And [general equivalents] like this are called [currency], or [money]."

“[Money] is a product of the development of barter exchange to a certain stage!”

"During this stage of development, various things have been used as [general equivalents], that is, [money]."

"For example, when Shennong, Youchao, and Suiren existed in the ancient ancestors, they used pottery and seashells as [money] for [general equivalents]."

"After a long period of development, one thing after another was used by the people at that time as [general equivalents], used as [money] for item transactions, and then they were eliminated one after another."

"In the end, the amount is scarce, and the precious 06 [gold], [silver], and [copper] have been kept as [general equivalents] for item transactions, and have become the [money] that everyone uses and recognizes today! !!"

"This is Chapter 1 of "Dragon Slaying Skills: The Second Core [Money and Profit]——The Origin and Essence of Money"."

Following Yan Changqing's narration, the following princes Zhu Biao, Zhu Xing, Zhu Fun, Zhu Di and other princes all wrote down what Yan Changqing had said in unison.

On the other hand, Zhu Yuanzhang and Empress Ma simply wrote down the key words [general equivalent] on the paper in front of them.

As for the more detailed content, they don't need to memorize it by themselves, they just ask Zhu Biao and the others to make a copy for him later.

"Then the question is, [gold], [silver], [copper] are because of their scarcity and their own precious value."

"So it can be used as a [general equivalent], that is, [money]."

"However, [Daming Tongxingbao Banknotes] these banknotes, can they be said to be rare in number, and have precious value in themselves?!"

Yan Changqing looked at Zhu Yuanzhang, Empress Ma, and princes Zhu Biao, Zhu Xi, Zhu Fang, Zhu Di and other princes, and asked with a smile.

Facing the question raised by Yan Changqing, Zhu Yuanzhang slightly lowered his head in thought.

[Can Daming Tongxing Banknotes be said to be rare and valuable? ! ! 】

As soon as this idea came up, Zhu Yuanzhang shook his head.

Others don't know Daming Tongxing Baochao, so can he still not know Daming Tongxing Baochao? ! !

He was the one who set up and promoted Daming Tongxing Banknotes, and he could order the Banknote Lifting Department to copy as many banknotes as he wanted! ! !

In this way, the Daming Tongxing treasure banknotes are naturally not rare.

Similarly, if you can have as many Ming Tongxing banknotes as you want, then naturally they can't be called precious.

Not only Zhu Yuanzhang came up with such an answer, but the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes also came up with the same answer after serious thinking.

Therefore, Prince Zhu Biao, Zhu Xi, Zhu Fang, Zhu Di and other princes replied one after another:

"Daming Tongxing treasure banknotes are not rare in number, but precious in value."

"How much do you want, how much do you have!"

"It's just paper money!"

......

Yan Changqing nodded, and asked further:

"Things that are rare in quantity and have precious value in themselves are not necessarily [general equivalents]."

"However, all things that can be used as [general equivalents] must contain the characteristics of being rare and valuable in themselves!"

"Then, the banknotes that are neither rare nor valuable in themselves, or Ming Tongxing treasure banknotes."

"Then why can it, like gold, silver, and copper, serve as the general equivalent of ordinary people's daily transactions, that is, money?!"

This question is one of Yan Changqing's key questions today.

And Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes also followed Yan Changqing's question and started their own thinking.

【According to what Mr. Yan said, things that can be used as general equivalents, or things that can be used as money, must contain the characteristics of scarcity and their own precious value. 】

[For example, gold, silver, and copper are general equivalents that meet these requirements. 】

[The Daming Tongxing Banknotes are neither considered rare, nor do they have any precious value. 】

[Then according to what Mr. Yan said, it should not be traded or used as a general equivalent. 】

[But why can it, like gold, silver, and copper, become the general equivalent used by ordinary people for commodity transactions? ! ! 】

Prince Zhu Biao frowned, trying hard to find out the deep commonality between the Daming Tongxing banknotes and general equivalents such as gold, silver, and copper.

[However, now that Ming Tongxing treasure banknotes can be used as the general equivalent of Daming people's transactions like gold, silver, and copper, which are rare and precious. 】

[Then it means that there must be other "values" that we don't know about the Daming Tongxing Banknotes! 】

[And this kind of value is the reason why it can become a common equivalent with gold, silver, and copper, which are rare and precious! 】

[But what exactly is this "value"? ! ! 】

King Qin Zhu Xi narrowed his eyes slightly, and even took out a Daming Tongxing Banknote with the same denomination that he happened to be carrying, and put it in front of him to look at it carefully, trying to find out the "value" contained in it that he didn't know.

[According to Mr. Yan, gold, silver, and copper are general equivalents that have been fixed since a long time ago and continue to this day. 】

[As for the Daming Tongxing Baochao, it was only after the father established the country and ascended the throne that it started to be implemented. 】

[And before the father, it seems that there were treasure notes in the Northern Song Dynasty, which seemed to be called Jiaozi and Huizi. 】

[But since the fall of the Song Dynasty, those Jiaozi and Huizi have also disappeared, or even with Jiaozi and Huizi, you can no longer buy things. 】

[At this time, Jiaozi is like waste paper. 】

Jin Wang Zhu's eyes were melodious, thinking of the paper money that was once popular in the Northern Song Dynasty.

Their father referred to the banknotes of the Northern Song Dynasty, so they just got the current Daming Tongxingbao banknotes.

[If you use Mr. Yan’s words, the reason why Jiaozi and Huizi become waste paper should be that Jiaozi and Huizi have lost the characteristics of general equivalents, so they can no longer be used as money. 】

[But why do Jiaozi and Huizi lose the characteristics of general equivalents? ! ! 】

[No, wait, I know the answer to this question because the Northern Song Dynasty perished! ! ! 】

[In other words, the characteristics of the general equivalents of Jiaozi and Huizi depend on the Northern Song Dynasty! ! 460! 】

【Northern Song Dynasty exists, so the characteristics of the general equivalents of Jiaozi and Huizi exist, and they can be used as general equivalents such as gold, silver, and copper. 】

[The Northern Song Dynasty perished, so Jiaozi and Huizi lost the characteristics of general equivalents. 】

[Then in the same way, the characteristics of the general equivalent of Daming Tongxing Banknotes also depend on Daming. 】

[In other words, the reason why Daming Tongxingbao banknotes can become general equivalents like gold, silver, and copper is because of the existence of Daming. 】

[But why is this? ! ! 】

Yan Wang Zhu Di wrote down his derivation all the way on the rice paper in front of him.

But after deriving the value of the general equivalent of Daming Tongxingbao Banknotes, which exists above Daming, the owner is stuck.

No matter how he thought about it, he still couldn't find out the reason further.

[Is it because of us? ! ! 】

[Yes, it's because of us! ! ! 】

[Because we ordered to use Daming Tongxing Banknotes for transactions and settlements, which acted as general equivalent money, so Daming Tongxing Banknotes can become general equivalent money! ! ! 】

[Our son of heaven, Jinkou Yuyan, even if the Ming Tongxing banknotes are neither rare nor valuable. 】

[But with one word, we can directly equate them to general equivalents such as gold, silver, and copper! ! ! 】

Zhu Yuanzhang's tightly locked brows slowly relaxed, and a smile couldn't help but appear on his face.

This answer, in his opinion, should be the correct answer.

......

PS1: The new book is on the shelves, and we urgently need full orders and customizations from handsome guys, beauties, and bosses!I wish all the full-book and self-order bigwigs get rich overnight, good health, good luck and good luck!Thank you everyone!Kneel down to everyone! .

Chapter 153: The essence of general equivalents is for public trust [Please subscribe, please order in full]

On the podium, Yan Changqing saw that Zhu Yuanzhang seemed to have gained something, and asked immediately:

"The Daming Tongxing Banknote was established and implemented by His Majesty, so does His Majesty have an answer to this question?!"

Hearing Yan Changqing's question, the confident Zhu Yuanzhang replied confidently with his head raised slightly:

"The reason why the Daming Tongxing Banknotes can become a general equivalent like gold, silver, and copper, and become the money in the hands of the people of the Ming Dynasty."

"That's because of the golden words of my son of heaven, as soon as I uttered my words, Daming Tongxing's banknotes have the same value as gold, silver, and copper!!!"

Regarding Zhu Yuanzhang's answer, Qin Wang Zhu Xi, Zhou Wang Zhu Huan, Chu Wang Zhu Zhen, and Qi Wang Zhu Wei all nodded in agreement.

However, Prince Zhu Biao, King Jin Zhu Yan, and King Yan Zhu Di, although after hearing Zhu Yuanzhang's answer, a look of enlightenment also flashed across their faces.

But after the look of enlightenment passed, new doubts appeared on the faces of Zhu Biao, Zhu Yan, and Zhu Di again, and they still had their brows tightly furrowed.

After hearing Zhu Yuanzhang's answer, Yan Changqing nodded, but shook his head again and said:

"Your Majesty's answer is very close to the final correct answer, but it is not the final and completely correct answer."

Zhu Yuanzhang, with a confident and complacent look on his face underneath, immediately froze when he heard what Yan Changqing said, and then said with an expression of dissatisfaction:

"How could it not be the reason for my golden words?!"

"With just one word, I can set up and promote the Daming Tongxing Banknotes, so that the Daming Tongxing Banknotes have the same general equivalent value as gold, silver, and copper, and thus become money!!!"

"I can also abolish the Daming Tongxing Banknotes with one word, so that the Daming Tongxing Banknotes will lose the value of the general equivalents like gold, silver, and copper, and thus become waste paper!!!"

"Isn't this the reason for my golden words!!!"

For Zhu Yuanzhang's dissatisfaction, Yan Changqing just smiled, and did not refute immediately, but looked at the princes Zhu Biao, Zhu Yu, Zhu Yan, Zhu Di and other princes with a smile:

"During the previous barter exchange process, why can the handkerchief that His Majesty took out be directly equivalent to ordinary equivalents?!"

[Why can the handkerchief that the father took out be directly equivalent to the general equivalent? ! ! 】

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