Chapter 32: The Ming Monetary System and the Welfare of Royal Descendants
The old emperor asked Zhu Jingyuan to go back and rest. Zhu Jingyuan subconsciously agreed, and then came up with another idea:
"Grandpa Huang, can you give me my princely salary first? I am going to open a business firm and be responsible for managing patent licensing matters.
"The real key to a warship equipped with an aircraft is the aircraft. This business will not hold the patent for money, but will work hard to promote the development of the aircraft industry.
"I will also recruit a group of craftsmen to quickly transform my ideas into physical objects and promote them as soon as possible."
The old emperor thought for three seconds, took out a stack of beautifully printed special checks, filled in the amount on the spot, signed, stamped, stated the purpose, and handed it to Zhu Jingyuan:
"The laws of the imperial court cannot be abolished. Your prince's salary will not be paid until the rewards are made public. These are regarded as private sponsorships given to you by grandpa."
Zhu Jingyuan subconsciously thought that the old emperor just randomly gave him some money to start the company first.
So I didn't pay too much attention to it. I said "Thank you, grandpa" and reached out to take it.
Then he glanced subconsciously, and his whole body turned to stone on the spot.
The amount written above is ten thousand taels of gold banknotes.
Ten thousand is not a large number, but the unit of gold coins is very large.
The current monetary system of the Ming Dynasty is shifting from a gold and silver dual standard to a gold nugget standard.
Theoretically, the legal tender of the Ming Dynasty was still gold coins and silver dollars, but there were basically no physical gold coins and silver dollars circulating in the market.
Instead, there are corresponding banknotes, Ming Dynasty gold banknotes, Ming Dynasty silver banknotes, and Ming Dynasty copper banknotes as auxiliary coins.
Gold banknotes are commonly known as "one liang gold", which corresponds to the one-liang gold coins that have been issued. The gold content of a one-liang gold coin is one "new liang", which is 50 grams, which is a real 1 tael of gold.
Silver banknotes are commonly known as "half a tael of silver", which corresponds to the silver dollar that has been used for a long time. It contains 25 grams of silver. 50 yuan of silver banknotes can be exchanged for 1 gold banknote, so 1 yuan of silver banknotes corresponds to 1 gram of gold.
Copper banknotes are commonly known as "paper copper coins". Corresponding to the previous copper coins, there are several denominations of 1, 5, 10, 50, and 100. 1,000 coins are equivalent to 1 Guan, and 1 Guan coin can be exchanged for 1 yuan of silver banknotes.
Gold banknotes are of high value and are rarely circulated directly in the market. Most of the time they are used as bids for large transactions and as reserves for large commercial banks.
Silver banknotes are mainly used for small and medium-sized commercial transactions, while copper banknotes are mainly circulated in citizens' daily lives.
The ten thousand gold notes given by the old emperor can really be exchanged for ten thousand taels of gold.
If converted according to actual purchasing power, it is almost equivalent to 50 million yuan. According to the price of gold, it is even more outrageous, that is 190 million yuan.
Suddenly I had half a small goal.
After the imperial grandson of the Ming Dynasty reaches the age of 12, his annual salary is 40 gold coins while receiving reserve education.
Zhu Jingyuan was treated like this before last year, and his salary during this period was provided by the imperial court.
If Zhu Jingyuan did not complete the reserve education and was eliminated at the age of twenty, the amount of his salary would remain unchanged, but it would be paid by the royal family in the future.
Zhu Jingyuan completed his reserve education last year, and his salary this year was supposed to be increased to 200 gold notes.
As a result, the emperor made an exception yesterday and made him a prince, so his salary was directly converted into 2,000 gold notes.
In fact, even if you are a prince, you must normally complete the throne education and administrative training before you are eligible to be crowned a prince and receive this treatment.
A prince who has not graduated will only have a salary of 400 gold coins a year. As for a prince who is eliminated, his salary will only be 400 gold coins in his lifetime, and the highest he can do is become a county prince.
At the same time, all royal titles, including princes and princes, are appointed and ascended to the title based on "evaluation".
For any level of title, a son must pass the corresponding assessment. Only then can the corresponding son inherit the same title as his father. Otherwise, each generation will be downgraded by one level.
Which generation can pass the assessment will not be downgraded, but it will not be promoted again.
Although those who can keep their titles may not all be high-level elites, at least they will not be losers.
After Zhu Jingyuan was granted the title of prince, his annual salary of 2,000 gold notes was 10 million yuan based on purchasing power, which was about three times that of Prince Charles.
But this is just a salary, which is equivalent to the European royal annuity. The annuity only accounts for a small part of the British royal family's income.
If you include income from inheritance, investments, estates, etc., Charles' annual income is at least ten times that of an ordinary prince of the Zhu family.
The Zhu family's princely salary is relatively normal in today's world, and may even be on the low side.
George II, who died on the toilet, had an annuity of £100,000 when he was Prince of Wales, probably from 1714 to 1727.
At that time, the British pound had been anchored to gold by Newton, who was in charge of the British Mint. One gold ounce (31.1034768 grams) of gold was worth 3 pounds, 17 shillings and 10.5 pence.
If other factors are not considered and converted directly according to the gold price, 100,000 pounds is equivalent to 20,000 gold notes, which is equivalent to about 100 million yuan in future generations.
Exactly ten times that of the Prince of the Zhu family.
It's just that the Prince of Wales is a British Crown Prince, and there is only one in the entire British Empire.
In the Ming Dynasty, in addition to the vassal princes who did not receive royal salaries, there were a total of more than thirty ordinary princes alive in the Ming Dynasty.
Zhu Jingyuan originally thought that his princely annuity would be enough to open his own business or design studio.
Now I got 10,000 gold notes at once, six months' salary of the Prince of Wales, which was even more of a huge sum of money.
Not to mention opening a trading company, it should be enough to build a factory by yourself, build airplanes by yourself, and continue to invent other machines at the same time.
There are so many things you can invent!
After Zhu Jingyuan was stunned, his thoughts quickly opened up.
After the old emperor wrote the check, he was also observing his grandson's reaction.
I found that after he was shocked, he quickly began to think, instead of simply being ecstatic about getting a huge sum of money, I felt very satisfied.
After nodding secretly in his heart, the old emperor reminded him again at the right time:
"Officials of the Ming Dynasty cannot directly engage in business. After the peace talks, you must continue to receive practical training in governance, that is, as an official in the court, you cannot directly hold shares and engage in business.
"So when registering a business, remember to use the name of the princess... If you are not married yet, then use your mother's name to do it, or just ask your mother to do the work directly.
"Speaking of it, you graduated at the end of last year. Now you can consider finding a princess to get married. Do you need special arrangements from the clan mansion?"
Zhu Jingyuan immediately woke up:
"I'll ask my mother to handle the business. As for the princess's affairs... I won't bother the clan for now. I'll look for it myself first..."
The old emperor smiled and nodded, and then reminded him again:
"It's best to find someone before you turn twenty. After you turn twenty, you won't have the chance to choose."
Zhu Jingyuan, who was urged to marry, nodded quickly:
"Okay, I know..."
The training of the princes and grandsons of the Ming Dynasty can be considered all-round, but at the same time, personal emotions are also taken into consideration.
Before the age of twenty, you can have a relatively reluctant "free love", and the person you find is your real wife. No matter whether she is good or not, she will become a princess or even a queen in the future.
Unless she does something extremely sinful in the modern sense, this "free love" wife will always enjoy the treatment of a head wife, a princess, or a queen.
The old emperor found his own empress when he was sixteen years old. Zhu Jingyuan's father was born to the empress, and according to tradition, he was the second son.
After the age of twenty, you have to accept the arrangements of the clan government, which can be called forced marriage.
The clan government will initially screen graduates from the best universities in the country. After completing the background check and confirming that they are suitable, they will send someone to contact and communicate with them privately for re-screening.
After actually understanding the other person's personality and other circumstances, and finally confirming that they are suitable, then ask the other person if they are interested in becoming the wife and concubine of a certain prince, prince, or grandson.
After getting permission, start matchmaking. In theory, there will be no force, but most girls will not refuse.
Zhu Jingyuan's mother, Mrs. Liang Yunying, also came to live with her father in this way.
The prince's wives and concubines selected in this way can firstly increase the probability of giving birth to excellent children, and secondly, they have the ability to assist their husbands and children in doing things inside and outside the family.
It was perfectly normal and reasonable for Zhu Jingyuan to ask his mother to help him open a trading company.
As for Zhu Jingyuan's own princess, of course his first thought was to find her by himself.
Chapter completed!