In the late Qing Dynasty, the Qing Dynasty was in economic difficulties and the national treasury was empty. In order to raise military expenses, we have to change the original intention of not printing paper money for 200 years. In the third year of Xianfeng (1853), the first official ticket of paper money households was printed. The official tickets issued this time are divided into one two, three two, five two, twelve two and fifty-two tickets. In the middle of the ticket face, Manchu and Chinese characters are used; Official tickets of the household administration department; Four words. Chinese book; Quasi-two-foot color silver one or two; . There is a note script below the ticket face; Anyone who is willing to exchange official tickets for silver will be handed over to the official for forgery according to the Ministry's articles of association, and the offenders will be punished according to law. The back of the official ticket of the household department is signed and paid in turn in the market circulation.

The types of banknotes issued in Qing Dynasty are complex, including official banknotes and private banknotes. Official banknotes are issued by government financial institutions, while private banknotes are issued by private financial institutions. Paper money is divided into four types: copper coin (convertible square hole copper coin), copper coin (convertible copper coin), silver coin (convertible silver) and silver coin (convertible silver dollar). At the beginning of issuing paper money, there were bank reserves and paper money coupons. Paper money in the Qing Dynasty, except those issued by the government; Official tickets of the household administration department; And; Qing dynasty paper money; In addition, official and private banks were also printing money in the late Qing Dynasty. Among them, private money houses are also called money houses, money shops, money houses, banks and other names, and are a local financial industry. Its business is mainly to exchange money and issue currency notes. Play the role of making money and playing the role of fighting. The printing quality of banknotes issued by private banks was relatively simple and rough, and the face value figures were mostly handwritten, lacking necessary anti-counterfeiting measures, which made the monetary system at that time more chaotic.

Silver tickets in the Qing Dynasty were first circulated in ancient China during the Qing Dynasty. This kind of paper money is light and easy to carry, which solves the difficulty of carrying a lot of gold and silver, so it is widely used. The use of paper money in China began in the Song Dynasty and first appeared in Sichuan at that time. It was called "jiaozi", but at that time, paper money was not standardized. By the Qing Dynasty, the use of paper money was standardized and widely used, and the Qing government named it "Daqing Silver Ticket".

In fact, a silver ticket is an exchange certificate issued by a bank number, which is confidential, not a bank note (paper money) that can be redeemed at sight. You have to pay an exchange fee to use the silver ticket. Businessmen who do big business need silver tickets. You can avoid the risk of carrying a lot of cash, and it is convenient and the cost is similar to that of carrying a lot of cash yourself. Neither ordinary people nor officials need it. So there won't be hundreds of thousands of silver tickets out of their pockets to pay the bill. Even if you pay, businesses and ordinary people will not accept it. Its circulation is not as good as today's personal checks.

Since the Ming and Qing Dynasties, Shanxi merchants and Huizhou merchants have gradually emerged, and folk trade is very frequent. Rishengchang is the first private bank in China, and its business fully shows the unique vision of the older generation of industrialists. At that time, people rushed between Pingyao and other places to do business, because it was neither safe nor convenient to carry silver with them. As a result, Rishengchang entrepreneurs started the exchange business. Businessmen can exchange silver at banks in Rishengchang with silver tickets, which is convenient and safe. The difference in silver price and silver fineness between the two places has become the profit earned by Rishengchang.

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Economy, finance, history, currency