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An old peasant in Hubei took out an IOU of the Red Army and borrowed 400 oceans 80 years ago, how much can he exchange for now?

As an army that is deeply loved by the people, the discipline and quality of the Red Army are completely incomparable to other armies, and this is also an important reason why the Red Army can often get the support of the people no matter where it is. In addition to the discipline of the Red Army, this is also inseparable from the strict self-restraint of the Red Army, even if the situation is bad, it will never take the masses for a needle!

An old peasant in Hubei took out an IOU of the Red Army and borrowed 400 oceans 80 years ago, how much can he exchange for now?

However, at that time, the situation of the Red Army was often very dangerous, and sometimes under the enemy's poor pursuit and fierce attack, the Red Army could not survive at all, so it had to change discipline and borrow money and grain from the people. Most of these borrowed money and grain were left by the Red Army with vouchers for later return. A few years ago, an old farmer in Hubei took out an IOU from 85 years ago, and the Red Army borrowed 400 oceans.

An old peasant in Hubei took out an IOU of the Red Army and borrowed 400 oceans 80 years ago, how much can he exchange for now?

The IOU is very well preserved, and it is clear that the loan took place 85 years ago and was personally drawn by a Red Army captain. Under people's review of relevant materials, this history has gradually become clear. It turned out that when the Red Army was passing through Jinpen Village in Xiaogan County, Hubei Province, due to the difficulty of supply, the Red Army asked the local peasants for help. At that time, a peasant, after hearing about the plight of the Red Army, put together all his family property, realized a total of 300 oceans, plus 100 oceans borrowed from relatives and friends, and handed over these 400 oceans to the Hands of the Red Army. The farmer did not tell his descendants about it until after his death, when his grandson found the IOU in the relic.

An old peasant in Hubei took out an IOU of the Red Army and borrowed 400 oceans 80 years ago, how much can he exchange for now?

After verification by the government, it was found that the IOU was indeed true, and after reporting it, the government decided to return the loan to the descendants of the elderly. According to relevant records, this loan came from the seventh detachment of the Red First Division of the Red First Army that year. Because the team was fighting guerrilla warfare at that time, it did not return here until a long time later, but when the troops returned to Jinbon Village, they found that the farmer had moved away, and the loan was shelved.

An old peasant in Hubei took out an IOU of the Red Army and borrowed 400 oceans 80 years ago, how much can he exchange for now?

Later, based on the change of prices and the conversion of purchasing power over the past 80 years, bankers calculated that the 400 oceans were worth 40,000 yuan today. However, after so many years of accumulation of interest and the actual situation at that time, it is obvious that only the forty thousand yuan cannot be repaid. Therefore, after consultation with the government, it was finally decided to return 400,000 yuan to the descendants of the old man to thank the old man for his help in the revolutionary cause and also for the old man's trust in the Red Army.

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