Valley Emperor

Vol 2 Chapter 1446: transitional gold standard

And even if they set a target there themselves, these problems cannot be solved in a short time.

The development of military weapons is based on the advancement of industrial technology. Today's domestic industrial manufacturing capabilities are at such a level that it is impossible to obtain a series of requirements from the army and navy.

For example, the medical problem raised by the military, Li Xuan cares more than anyone else, but it has been done for more than ten years, and it is still in the original theoretical research stage. There are a lot of new treatment options, but without the support of modern medicine, especially antibiotics, many so-called treatment options are unreliable, such as surgical operations, etc., the probability of postoperative infection and death But quite big.

There is also the issue of artillery. It is not that Datang has not studied rifled cannons, but the theory is there, and the design drawings are there, but they can't be built, or they can't be built, and they can't be used.

As for the navy's steam steel ship, it is only in its infancy, many technologies are very immature, and the price is high.

The cost of a Jiangnan has already reached more than 600,000 yuan, while the previous pure sail battleships of the same tonnage cost only more than 300,000 yuan.

The Navy said that it would speed up the installation of steam-steel warships. In a few years, all the main bodies would be replaced. This would cost a lot of money. Although Li Xuan supported the Navy's development of steam-steel warships, there had to be a gradual cycle. The process is to build some every year, and continue to build it for more than ten years. Basically, it will almost be able to achieve the goal, but the navy has to say that it will be completed within three to five years, otherwise it will face major challenges in the Indian Ocean, Atlantic Ocean and other waters.

In this regard, Li Xuan directly ignored it!

However, Li Xuan is quite satisfied with the thirst for new technologies reflected by the army and navy in this report.

Because to a certain extent, war is the best catalyst for the development of science!

In order to win the war, the military has established an equipment advantage over the enemy, and they will certainly vigorously promote the development of science and technology to obtain more advanced weapons.

Previously, the Navy vigorously supported the research and development of steam engines, which is a very typical example!

This is a good thing, so although Li Xuan feels that the proposals and plans put forward by the army and navy are too optimistic, he is still prepared to support these practices of the army and navy.

Of course, verbal support is enough for the time being, and Li Xuan doesn't care about the funds. Let the army and navy toss it out on their own. The army and navy add up to tens of millions of military expenditures a year. Can squeeze out the relevant research and development funds.

Besides, Datang's finances are still relatively tight today. In order to completely subjugate the Portuguese and control the coasts of the South and Indian Oceans, Datang is preparing to bleed.

This year's military spending alone has reached 52 million, not to mention that before the war, Li Xuan allocated an additional 5 million to the army and navy for temporary war expenses. The total amount added up to 5,700. million.

Such a huge military expenditure, Rao is also very difficult for a huge country like the Datang Empire.

What's more, Li Xuan has made up his mind that he will endure the finances as long as he can, and try not to issue treasury bonds.

He was intimidated by the fact that he had to spend a lot of fiscal revenue every year to repay the national debt for the past ten years. He borrowed 100 million yuan, and finally repaid 200 million yuan.

You must know that there is no such thing as currency devaluation these days. Datang Yuan is a currency directly linked to gold.

Datang Yuan is a collective name for a mixed precious metal currency and paper currency.

A standard gold coin worth one yuan has a gold content of 6.2 grams, while a Datang banknote worth one yuan can be exchanged for a standard gold coin at the Datang Bank.

Although Datang still adopts a currency system based on a mixed gold and silver standard, in fact, in the settlement of overseas trade and domestic bulk trade, the price is basically based on gold, or in other words, Datang Yuan is used as the price standard. rather than the value of silver.

In this way, although silver coins and copper coins are still issued and used, the value of a standard silver coin can no longer be exchanged for one yuan, and a little extra is needed.

Because in recent years, although the import of silver in the Americas and Fusang and other regions has become more and more serious, the value of silver in the domestic market has depreciated rapidly.

This increase has aroused great vigilance from the Ministry of Finance of the Datang Empire and other institutions. For this reason, it has long been strictly ordered that all foreign-related trade must be settled in gold, and silver is not allowed.

Of course, many foreign merchants will still come to trade with a boat of silver, especially those Spaniards, who basically have nothing but silver.

But nowadays, traders in Datang no longer trade these silvers as currency, but simply trade them as precious metals, and the exchange is still at the domestic price.

Because now in the Tang Dynasty, after people generally accept the Tang Yuan banknotes, the government has stopped casting and issuing silver coins on a large scale in addition to continuing to issue standard gold coins on a small scale.

To a certain extent, Datang still implements the gold and silver re-standard, but it has already entered the stage of transition from the gold and silver re-standard to the gold standard, and it is already a stage where the transition is almost completed.

With the completion of this series of measures, the stability of Datang Yuan's monetary policy has been ensured, and financial turmoil has not been caused by the rapid devaluation of silver.

The currency of Datang Yuan remains stable, and it is difficult for inflation to occur.

In this case, it is very uneconomical to issue government bonds on a large scale and pay high interest.

For this reason, in the past two years, Li Xuan has been very cautious in controlling Datang's fiscal revenue and expenditure, spending as much money as he has, and not engaging in large-scale issuance of government bonds.

Unless it really comes at a necessary moment, such as when life and death are at stake.

But at present, there is really nothing in Datang that can make them feel that they are facing a matter of life and death.

The war with the Portuguese was, to put it bluntly, a war for colonies and overseas trade markets, and the Datang military also had a huge advantage. It was impossible to see that it was at stake and that Datang needed to issue large-scale national debt.

On the premise of not issuing treasury bonds, Li Xuan now has to calculate how much money is left in the treasury when he spends money. Those that can be spent and those that cannot be spent.

Obviously, the military expenditure has obviously exceeded the expenditure. Li Xuan does not intend to increase the military expenditure for the military.

After all, in addition to fighting, the country also needs to spend a lot of money.

Even if it is not specially developed, it is just to maintain the operation of the many official institutions of Datang, in order to maintain the rule of Datang in the country, the administrative cost of this is an incomparably huge number, which is much more than the military expenditure.

In a conventional sense, there are not only middle and senior officials who rely on the government to eat, but more are some ordinary low-level officials, grass-roots staff, patrol officers and so on.

Then there are teachers in many schools, who are teachers in the government-run schools of Datang. They are also of high grades and eat public meals. Although their salaries are paid by the school itself, and the school also has tuition and other income, but Many schools are unable to make ends meet and need government financial subsidies.

In addition, there are a large number of government employees, such as coachmen, watchmen, cleaners and a lot of other messy things in many schools. Although these people have no rank and title, they are not regarded as officials, but they are also government officials. money for public meals.

In this way, nationwide, the number of people who need the central and local finances to support them is not a small number. On the contrary, it is still a very large number.

While wars outside are important, it is even more important to retain sufficient funds to maintain domestic rule.

Therefore, Commander Li Xuan verbally supports the various plans of the Navy and the Army. Generally speaking, this is the attitude. If the military has money, you can do it yourself, but if you don't have money, don't bother me!

Soon, both the army and the navy received instructions from Li Xuan!

However, the high-level military officials did not expect to get any funding from the beginning. They were habitually crying a few times. After all, only children who can cry can get milk!

So if there is no money, there is no money. As long as the Son of Heaven nods, with the support of this policy, they will do it themselves.

So, it didn't take long for the Army Privy Council to set up a military hospital with a very strong research and experimental nature, called the Datang Army Hospital, to study medical technology.

At the same time, the army has convened many manufacturers affiliated to the three major domestic weapons companies to tender for new artillery and shells.

Of course, the Army did not expect to have it right away, so this kind of tender is more about selecting R&D institutions and preparing to spend money.

Soon, several companies won R&D contracts, and they impressed the Army Ordnance Department with their own designs~www.wuxiaspot.com~ and then each received a different amount of R&D funding.

The Army is preparing to cast a wide net to catch fish. In terms of new artillery, five companies or R&D institutions have been selected. Each of the three major arms companies has an artillery manufacturing subsidiary and an artillery research group at the Royal Institute of Technology. Then it is very surprising that , Dangtu Special Machinery Company also won a research and development contract. This Dangtu Special Machinery Company is not a state-controlled weapons manufacturer, which means that they have no qualifications to develop and produce weapons at all.

Unlike the Royal Institute of Technology, it is a very special official research and development institution.

It is just a private company. Its main business is to provide various key components to other domestic machinery and equipment manufacturing companies. It is worth mentioning that the giant steam cylinder of a large steam engine is their main product.

The core components of the large ship-based steam engines that are equipped in the Navy's warships today, that is, the steam cylinder, are produced by this unnamed company.

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