I translate:
I translate:
I translate:
Song Dynasty was so prosperous with annual taxes of 160 million strings of money, equivalent to 7 times of Tang Dynasty annual taxes. Annual currency circulation was 260 million strings of money with 5 million new coins made per year.
I translate:
Everybody from barbarian dynasties Liao, Xia and Jin all liked to use Song currency. Foreigner traders were only willing to trade using Song currency and not other currencies, so Song currency was the status of USD today. In 1266, Japan even openly recognized Song currency as its official currency. And Song currency was also widely used in Korea, Vietnam etc, South Asia, West Asia, becoming the supplementary currencies in South India and Arabia countries.
I translate:In addition, Java, East Africa and Persian countries also used Song currency for trading.
View attachment 56067
I translate:
Everybody from barbarian dynasties Liao, Xia and Jin all liked to use Song currency. Foreigner traders were only willing to trade using Song currency and not other currencies, so Song currency was the status of USD today. In 1266, Japan even openly recognized Song currency as its official currency. And Song currency was also widely used in Korea, Vietnam etc, South Asia, West Asia, becoming the supplementary currencies in South India and Arabia countries.
I translate:
Due to world popularity of Song coins, the Song people always found Song coins went missing in their country and not enough to use as the coins were brought out of the country.
View attachment 56068
Due to this problem of missing Song coins, some smart Alec Song official suggested then to close off the port and stop all trading with foreigners to “resolve” this problem. Luckily the Song emperor was smarter than Ming emperor and did not adopt this chop off the arm to solve skin problem foolish method.
View attachment 56069
Hokkiens and Song Dynasty are perfect match indeed. Think big think win win make big money and prosperity. So unlike Ming and Qing emperor small brain small hearted evil people indeed.So one string of money is 1000 coins and it’s annual tax collection of 160 millions strings of 1000 coins. No wonder it’s more than half of the world’s GDP then.
Due to this problem of missing Song coins, some smart Alec Song official suggested then to close off the port and stop all trading with foreigners to “resolve” this problem. Luckily the Song emperor was smarter than Ming emperor and did not adopt this chop off the arm to solve skin problem foolish method.
View attachment 56069