The previous article said that I would like to talk about the Korean Tongbao next, but I found that I had to popularize the paper money of the Joseon Dynasty first.
？？ There were still paper money in ancient Korea?
Yes, and it is an imitation of the Daembo banknote, and it is a very important part of the monetary history of the Joseon Dynasty.
It was a banknote that was officially produced and circulated from the end of the Goryeo Dynasty to the early Joseon Dynasty. It is a deciduous tree, and the bark is the raw material for making mulberry paper and rice paper. "Mr. Yu" is synonymous with paper. The banknotes issued during the Song, Jin, and Yuan dynasties on the mainland were mostly made of paper, and North Korea also used this method, so it was called 楮貨.
Last year there was an article about the banknotes:
Emperor Taizong Li Fangyuan had gone to the Ming Dynasty to see the world, and perhaps, it was he who brought back the "art of gold"
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It is about the implementation of paper money in various generations of kings of the Joseon Dynasty, inflation, and the reasons for its failure
During its time as a vassal state of the Yuan Dynasty, Goryeo used the Yuan Dynasty's "ZhiyuanBao Banknote" and "Zhongtong Jiao banknote", which was influenced by the passage of paper money, so in fact, at the end of the Goryeo Period (1391, 1391, Hongwu 24), the paper money had entered the planning and issuance stage, but it was stranded for political reasons.
There are two accounts of the interruption at that time:
It is said that the coup d'état launched by Li Chenggui disrupted the government's plan to issue coins, and in the 4th year of Gong Rang Wang (1392, 25 years of Ming Hongwu), the printed coins and the printing plates that made the coins were destroyed.
The second theory is that at that time, a treasury of funds was set up and coins were issued, which was a policy pursued by the leading force of the Li clan (Li Chenggui) to lay the financial foundation for the creation of a new dynasty. He forcibly collected gold, silver, and cloth goods, and used coins to deprive the main political power of Goryeo of the property of the Mun clan and expand the finances. However, the promotion of the circulation of goods was shelved due to political problems at the end of Goryeo.
Personally, I feel that it is precisely because of This series of policies of Lee Sung-gyu, such as the reform of the field system (Hongwu 23 years) and the issuance of paper money (Hongwu 24 years), which touched the rights and interests of the old Goryeo nobles, so that the old Goryeo nobles rebelled.
Although Gong Rangwang was a puppet at that time, he was unwilling to do so, and in order to protect himself, he consulted with his deputy minister Zheng Mengzhou and plotted to eliminate Li Chenggui's henchmen, but was assassinated by Li Fangyuan. Subsequently, Li Chenggui realized the Yi surname revolution and changed the name of the country to Korea the following year.
In fact, in the early days of the founding of the Joseon Dynasty, there was no systematic issuance of currency, and the people mainly used physical currency such as cloth, but because in fact, Goryeo copper coins had been issued during the Goryeo period, and at the end of the Goryeo Dynasty, it was also planned to issue paper money, but why was it not implemented when the Joseon Dynasty was founded?
Probably because of the political instability at that time, there was a Korean version of the Xuanwumen Incident, that is, the two prince rebellions.
During the first rebellion of the princes, in 1398, Lee Sung-gye, the grandfather of Joseon, against the opinions of the ministers, decided to appoint his youngest son, Li Fangshuo, who was 11 years old at the time, as his son, so the fifth son, Lee Fang-won, launched a coup d'état at Gyeongbokgung Palace, the main palace (dharma palace) of seoul (present-day Seoul, South Korea), the capital of the Joseon Dynasty. Under the manipulation of Li Fangyuan, Li Chenggui was forced to give way to his son Li Fangguo (Dingzong).
The Second Prince's Rebellion, also known as the Gengchen Jingshe, was a palace coup d'état that took place during the Joseon Dynasty in 1400. Although Li Fangyuan seized power after the First Prince Rebellion, it also caused dissatisfaction among other princes, so Li Fangyuan launched a coup d'état, which eventually succeeded, forcing the then king Dingzong to abdicate and become Emperor Taizong.
In fact, it is easy to understand that after Li Chenggui established the dynasty, the youngest son was made the crown prince, which of course caused the dissatisfaction of Li Fangyuan, who had made great achievements in the process of overthrowing the Goryeo Dynasty, and whether it was in terms of seniority or rank, he should not be the youngest prince.
The result of the mutiny was that Li Fangyuan killed his brother and forced his father to give way, and he officially ascended the throne.
Subsequently, in the year of succession (1401), Li Fangyuan set up the Si Zhan Bureau, imitating the Daming Bao banknote and implementing the banknote law.
As early as the 21st year of Hongwu, Li Fangyuan had sent an envoy to the Ming Dynasty, and he was also a person who had seen the world, when the Daming Bao banknote was issued. Li Fangyuan must have been able to feel that the Daming Treasure Banknote had played a great role in supporting the construction of the country with military expenses.
So he actively promotes paper money, but for various reasons, repeatedly, not smooth, about the article mentioned in the beginning of the article about the goods, I hope that interested friends can discuss it together.