How did Hu Xueyan later die? Hu Xueyan is rich and rivals the country, why did he decline after that

Hu Xueyan. It was because he was dismissed from his post and his family property was confiscated.

Hu Xueyan (1823-1885) was born in Huizhou, Anhui Province.

Jixi moved to Hangzhou, Zhejiang Province at the age of 13. In the eleventh year of Xianfeng in the Qing Dynasty (1861), when the Taiping army attacked Hangzhou, Hu Xueyan transported arms, grain and rice from Shanghai to help the Qing army and became Zuo Zongtang.

appreciated, and later helped Zuo Zongtang organize the "Changjie Army" and founded the Fuzhou Shipbuilding Bureau.

Hu Xueyan relied on his outstanding business skills to use the official bank to set up a private bank in Shanghai.

Later, "Fukang" was set up all over the country.

The branch of Qianzhuang is known as the "living god of wealth".

In the ninth year of Guangxu of the Qing Dynasty (1883), its industry was forced to sell at a low price and its assets were halved by the competition of local bureaucrats to withdraw money and extortion, which caused the capital turnover to fail. In the end, Hu Xueyan was dismissed from his post and his family property was confiscated, and he died depressed.

Later, he died by himself, but because he made a big mistake, the Empress Dowager Cixi wanted to kill him, but the local ** maintained him, and kept dragging it out, and waited until the next day after his death to arrest him.

After decay, he slowly died at the age of 59.

Hu Xueyan's life is a legendary life, he started from the official business, but also died in the official business, originally for Hu Xueyan, An An divided into an official and businessman can naturally be safe and sound, but a mistake was involved, involved in the whirlpool of political struggle in the Qing Dynasty, a wrong move, full of losses. The business was not going well, and Li Hongzhang's advice was not followed, so he ended up in such a situation.

There are two main nobles in Hu Xueyan's life, one is Wang Youling, and the other is Zuopi Selling Zongtang, for Wang Youling, he can be regarded as the biggest nobleman in the first half of Hu Xueyan's journey, and it is also because of his existence that Hu Xueyan embarked on this road of both officials and businessmen, and it is also Wang Youling's strong assistance, under trust, so that Hu Xueyan once controlled half of Zhejiang's wartime finances, and his power can be said to have reached a point beyond the reach of people. It's just a pity that in the end, because the Taiping army broke through the city of Hangzhou, it hanged himself and died.

However, Hu Xueyan was also lucky, because of his previous familiarity with these military finances, he soon won Zuo Zongtang's trust, which also made Zuo Zongtang the second nobleman in his life, and Hu Xueyan was at his most brilliant and prosperous time, which was also achieved with the support and assistance of Zuo Zongtang.

And what makes Hu Xueyan most proud is that because of his funding for Zuo Zongtang to recover Xinjiang, he has made great contributions, rewarded the yellow coat, and wore the second poinsettia, becoming a red-top businessman who is envied by everyone, which is also the peak of his life and career.

It's just that his behavior of funding Zuo Zongtang also fell into the political struggle of the Qing Dynasty, after all, Li Hongzhang, who was mainly based on coastal defense, and Zuo Zongtang, who was mainly based on Xinjiang defense, were on the same page, and Hu Xueyan, as a businessman, was able to make the originally impossible battle to recover Xinjiang possible, which had to make Li Hongzhang look sideways, and Hu Xueyan was holding his thigh to the end, with his own bottom line and ideas, so he ignored Li Hongzhang's wooing and warning. In the end, he buried the tragic disaster of bankruptcy.

With the failure of the business, the funds could not be turned over for a while, and at this time, they encountered various clever ** withdrawals, which became the last straw that crushed the camel, and finally the prominent red-topped businessman could only be depressed and finally in poverty.

Because this person is involved in political struggles and is in the wrong position, this person will die, his family will be ruined, and his property will be confiscated.

Because their system and policies were problematic, and the king of the country at that time was also very cowardly and incompetent, it led to loneliness.

Because there are certain problems in Hu Xueyan's development and a situation in his thinking, such a situation will be caused.

Because he stepped into the struggle of the Qing Dynasty, he will decline, this person did not press the treasure, and it is normal for him to go bankrupt.

Hu Xueyan. The most direct reason for his decline is his failure to speculate on silk, and the deeper reason is that he was able to start mainly with the help of officialdom, so he was naturally involved in the officialdom struggle.

Hu Xueyan is modern Chinese history.

The famous red-topped businessman, although there are now a lot of biographies of Hu Xueyan, saying that he is good at business, but he can make a fortune, mainly because of Wang Youling.

and Zuo Zongtang, two nobles, to put it bluntly, with the help of officialdom.

When Wang Youling was the acting prefect of Huzhou, Hu Xueyan got into a relationship with him and ** Huzhou's public treasury. And use the official bank of the public treasury to operate the silk shop. Since the funds in the public treasury do not need interest, Hu Xueyan naturally made huge profits from them.

After Wang Youling became the governor of Zhejiang, Hu Xueyan's business naturally became bigger and bigger, and he opened silk shops, money villages, and pharmacies all over Zhejiang.

During the Second Opium War, Hu Xueyan even passed the military expenses of the Zhejiang army.

Grain, grass, ordnance, and a large amount of liquidity for his business empire.

After the Taiping army attacked Hangzhou and Wang Youling committed suicide, Zuo Zongtang succeeded as the governor of Zhejiang.

Hu Xueyan had some experience in assisting Wang Youling in handling logistics before, so he soon won Zuo Zongtang's appreciation and continued to be responsible for managing Zhejiang's money, food, military salaries and military supplies. With the support of Zuo Zongtang, Hu Xueyan returned the treasury of Zhejiang, which made his Fukang.

With a large amount of low-interest deposits, business is naturally getting smoother and smoother.

However, relying on Zuo Zongtang's power can certainly greatly boost Hu Xueyan's business, but it has also caused two consequences, one is that he is extremely dependent on the government's funds, and the other is that he has labeled himself as Zuo Zongtang.

In 1882, Hu Xueyan tried to monopolize the silk business and bought and hoarded a large number of silkworms. However, that year, the Italian silk harvest was abundant, the silk ****, and Hu Xueyan hoarded Juqi's abacus.

failed, with a loss of nearly 10 million taels, almost half of the total assets. In fact, unless he gets external support at this time, Hu Xueyan is already difficult to support.

However, due to the fear of the bankruptcy of Fukang Qianzhuang, local governments have withdrawn the official money deposited in Fukang Qianzhuang, and Hu Xueyan's liquidity is drying up day by day. At this time, Li Hongzhang, who was at odds with Zuo Zongtang's politics.

and others also took the opportunity to fall into the well and demanded that Hu Xueyan's assets be checked to pay off debts. Under these circumstances, Hu Xueyan's business empire quickly collapsed.

Therefore, the direct cause of Hu Xueyan's failure was that he miscalculated the situation and failed in commercial speculation. Hu Xueyan was also involved in political struggles, which made it difficult for him to get strong support in the face of a crisis, and eventually collapsed.