During the Qing Dynasty, why did the Jin merchants who were rich in the world finally decline

During the Qing Dynasty, the Jin merchants were rich in the world because of their very advanced production and operation models, so the Jin merchants were rich in the early days. However, in the later part of the Qing Dynasty, it began to decline slowly, and many of the silver bills operated by Jin merchants began to go bankrupt. This is because in the late Qing Dynasty, they often had to fight with foreign invaders, and each time they were defeated countries.

As a result, the silver bills of the Jin merchants were levied many times, but they were unable to repay them, and the export of capital to China by foreign imperial forces hit the development of the Jin merchants. <>

1. The Qing Dynasty forcibly expropriated money and property only after the Opium War, and began a humiliating modern history that lasted for nearly a hundred years. Every time he faced the invasion of the imperial forces, he levied a large amount of money from the Jin merchants to use it as military rations and send them to the front lines. However, without the Qing Dynasty, the front line was defeated, resulting in China signing a series of humiliating terms to compensate for a lot of money beyond the imperial court's income, so the Qing Dynasty not only repaid the money and grain leased from the Jin merchants, but also increased the intensity of expropriation, and the Jin merchants had no money for the development of finance and commerce, and the money earned had to be handed over to the state.

As a result, the Jin merchants' economy came to a standstill. <>

2. Imperialism exports capital to China, and imperialism not only demands a large amount of compensation from China, but also makes China forcibly open many trade ports. Although the economic model of the Jin merchants was relatively advanced, it was only limited to the backward land of the Qing Dynasty, and it was also a very backward model in the world, and it could not resist the export of foreign imperial forces to China at all. After the industrial revolution, the imperial power brought many fruits of the industrial revolution to China, and exported a large amount to China, produced with Chinese resources, and finally sold to the Chinese, so it got a lot of huge profits.

The goods of the Jin merchants were completely inferior compared to foreign countries, and finally went bankrupt. <>

Although the Jin merchants were rich in the early Qing Dynasty, due to the Qing Dynasty's policy of closing the country to the outside world, China began to lag behind the world's powers. The state is too weak to provide protection for the Chinese. After the defeat of war after war, the economy of the Jin merchants was constantly squeezed, and the capitalist capital output directly led to the decline and even bankruptcy of the Jin merchants.

At the end of the Qing Dynasty, wars were frequent, and the imperial court lacked military salaries, so they borrowed from Shanxi ticket numbers, and a loan was millions of taels. And the imperial court was unable to return, so it was repeatedly in arrears, and in the later period, the imperial court owed more than tens of millions of taels of silver to Shanxi's major ticket numbers. With the defeat of the imperial court at the end of the Qing Dynasty, in addition to the compensation for the cession of land, the treaty port was also opened, and the goods of foreigners entered China.

Due to the signing of various unequal treaties, foreign businessmen enjoy privileges in China and do not need to pay so many taxes, so they have an advantage over domestic goods.

The Qing ** levied a large amount of money from the Jin merchants every time they encountered something, and the money earned by the Jin merchants was handed over, which led to the economic stagnation of the Jin merchants, coupled with the export of imperial power to China, the goods of the Jin merchants were at a disadvantage, and they gradually declined.

Because the decadent rule of the Qing Dynasty led to the decline of the country, and a large number of foreign capitalism invaded; At the same time, the development of Jin merchants is too conservative and short-sighted; The domestic situation is chaotic, and there is no longer good policies and a lot of financial support

The main reason is that the corruption and incompetence of the Qing Dynasty, the closure of the country led to the inability of the Jin merchants to circulate, the long-term war, and the malicious looting and accumulation of wealth.

The reason why the first merchants of the Ming and Qing dynasties helped the Jin merchants, and the reason why they would rapidly decline was actually related to the fortunes of the country, because at that time, the war was about to break out, and the national disaster was at the head, and the merchants were naturally not easy to mix.

In fact, the main reason for loneliness is that there is no good leader, and then there is their own business model, and there is no good change, in this case, it becomes particularly loose, and finally it is lonely.

It was because of the various suppressions of the imperial court at that time that it lost a lot of markets and finally declined.

Because they had no way to survive in that era, after all, their credit value would have dragged down the entire caravan in the war years.

Decline process.

Clause. First, the country's strength declined, and the tea war against Russia was frustrated.

Clause. Second, ** corruption, Jin businessmen invest in the country.

Mining capacity. It was a heavy setback.

Clause. Third, conformism, Jin merchants lost opportunities, and finally could not cheer up their own reasons for decline.

1. The Ming and Qing dynasties were vassals of the feudal ruling class.

2. The traditional concept of "getting rich at the end and keeping it by the original" has constrained the development of Jin merchants.

3. Conformist and conservative. As mentioned earlier, 4. The investment effect cycle of modern enterprises is too long.