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Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

In November 1927, the jute uprising officially broke out, and it was also at this time that on the gate of Hong'an in Hubei Province, Wu Lanxuan wrote a couplet, because he hated the green forest soldiers, so there was the word "Red Army", in 1928, the Workers' and Peasants' Revolutionary Army officially changed its name, it was called the Red Army, and then in the process of later evolution, it became the People's Liberation Army in the hearts of the people.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

But the Red Army has just been established in the early days, the equipment is obviously lacking, especially guns and ammunition has been a state of demand greater than supply, and even at the beginning of the team equipped with cold weapons, which and hot weapons confrontation is obviously a mantis arm as a car, although the weapons are relatively backward, but the Red Army soldiers and the enemy's determination is still very firm, in the confrontation with the national army, the national army feels tired, and the Red Army not only lacks equipment, grain and pay has become a major problem for them. We must know that it is supported by the peasant masses, so it is certainly not possible in terms of conditions.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

Therefore, in order to let everyone have enough grain and grass, the Red Army can only borrow more money and grain from the local people, then everyone knows that the Red Army in our country will never take a needle and a thread from the common people in vain, so after borrowing, they must leave IOUs for the people, even if the people do not want it, the Red Army will also give, and there are also loans and words, but perhaps because of some special circumstances, some IOUs have not been successfully exchanged.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

For example, in 2015, a farmer named Yang Mingrong, from Jinpen Village, Xiaochang County, Hubei Province, held a yellowed IOU that had been kept for 85 years, and this IOU was left by his grandfather Yang Changyin, 12 centimeters long and 4 centimeters wide, and it said that he had borrowed 400 pieces of ocean. At that time, when the Red Army was fighting in Yangpingkou, the number of troops at the end of the war was expanded from more than 1200 to 1500 people, which made the Red Army not have so much funds to support, so there was no way to find Yang Changyin under the arrangement of the superiors, and borrowed 400 oceans from him, and also signed an IOU.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

At that time, Yang Changyin knew that the Red Army needed help, did not hesitate to take out more than three hundred oceans at home, and also made up more than a hundred with relatives at home, which was handed over to the Red Army, which helped the Red Army a big favor, and then kept this IOU and never took it out, until 2015, Yang Mingrong took out the grandfather's IOU, and then found the government at the time, which let more people know that his grandfather had lent money to the Red Army.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

Experts also firmly saw that this was indeed an IOU signed by the Red Army that year, so how much was the four hundred oceans at that time equal to now? You should know that the ocean in the Republic of China period is still very valuable, one is equal to 350 yuan, and it began to depreciate later, that is, an ocean became dozens of dollars, which was equivalent to 100 yuan in 1930.

Hubei farmers took IOUs to the government, lent 400 oceans 85 years ago, how much is it worth now?

Therefore, more than four hundred oceans is equivalent to forty thousand yuan, which is almost a year's salary for ordinary people, if you add interest, it will certainly not refer to this number.

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