When Zuo Zongtang was fighting, he went to borrow money from the bank, why did he only choose the hi

Updated on Financial 2024-05-28
28 answers
  1. Anonymous users2024-02-11

    Because the banks with high interest rates at that time were backed by the British. And behind Aguba's back, the British are also at work. Zuo Zongtang borrowed a large amount of money from the British bank, saying that the British did not want to let the money go down the drain and weakened the connection with Agubai, a move that allowed Zuo Zongtang to take advantage of the war.

  2. Anonymous users2024-02-10

    Because Zuo Zongtang has interests with those banks with high interest rates, he only chooses high interest rates to borrow money and obtain high amounts of money.

  3. Anonymous users2024-02-09

    At the time of the war, funds were already tight, so only banks with high interest rates would have money to borrow, so they had to choose banks with high interest rates.

  4. Anonymous users2024-02-08

    Because banks with high interest rates can show that they have the ability to run banks, and those with low interest rates may deliberately cheat them out of money, so he chooses high interest rates.

  5. Anonymous users2024-02-07

    Because of the fast loan with high interest, Zuo Zongtang was fighting at that time and urgently needed this money, so he chose the high interest.

  6. Anonymous users2024-02-06

    Because he wanted to get the support of the ** of the high-interest countries, which were very advanced at that time, so he wanted to choose them.

  7. Anonymous users2024-02-05

    It will be much faster to borrow money with high interest rates, and the borrowing bank is still in the UK, so you can get closer to each other. Zuo Zongtang wants to recover Xinjiang, Cixi only gave 2 million taels**, which is far from enough, Zuo Zongtang is like a British bank borrowing money, and the interest rate is also the highest, in order to prevent the loan from flowing downward, the British gave Zuo Zongtang the most advanced ** to help him recover Xinjiang.

  8. Anonymous users2024-02-04

    Because the banks with low interest rates at that time were unwilling to lend money to Qing **, in order to raise military expenses as soon as possible, Zuo Zongtang had no choice but to choose high interest rates, also to put pressure on Qing **, hoping that they would come up with money as soon as possible.

  9. Anonymous users2024-02-03

    Because of the high interest rate and fast lending, and the high interest rate put a lot of pressure on his subordinates, the most important thing is that he borrowed the British HSBC at that time, Zuo Zongtang needed the support of the United Kingdom.

  10. Anonymous users2024-02-02

    According to the logical thinking of ordinary people, borrowing money must pick a bank with low interest, but Zuo Zongtang has no way to borrow money to fight in an ordinary way, and he specializes in picking a bank with high interest. Of course, there is Zuo Zongtang's own uniqueness, and it also makes us feel the different brain circuits of great people, which is the difference between mortals and gods. Above the court, Zuo Zongtang tried his best to overcome public opinion and finally got an edict to recover Xinjiang, but the first thing Zuo Zongtang had to solve was the problem of military spending and the problem of grain and grass.

    Now the Qing Dynasty simply did not have the ability to provide strong reserve resources for Zuo Zongtang to recover Xinjiang, and all problems had to be solved by Zuo Zongtang himself.

    Many people thought that Zuo Zongtang would choose the bank with the lowest interest, but the final choice made no one expect。He chose a bank with the highest interest rate, and Zuo Zongtang's purpose in doing this was to let foreign banks taste the sweetness, so that foreign banks and the Qing Dynasty were closely tied together. The Western powers had already established themselves in China, and it didn't make much difference to whom the Qing dynasty would benefit from.

    The Qing Dynasty is not afraid of debts at all, because they have nothing, and now the Qing Dynasty is equivalent to a white wolf with empty gloves, writing a blank check, and foreign banks are investing more and more, they can no longer break away from the Qing Dynasty, and preserving the interests of the Qing Dynasty is to protect their own interests, which is the result that Zuo Zongtang wants.

  11. Anonymous users2024-02-01

    Zuo Zongtang actually did this for two purposes, one was to make those provinces that owed money pay back as soon as possible through this usury method, and the second purpose was to get the support of the British.

    Zuo Zongtang, for the sake of military expenses, it can be said that he tried all means, he invested his family property into it, and also raised a lot of money from various places, but the military expenses were still not enough, and in the end Li Hongzhang could only raise military expenses through loans. In the end, Zuo Zongtang borrowed money from the British, and at the same time received the support of the British, and finally succeeded in recovering Xinjiang.

  12. Anonymous users2024-01-31

    Because of this high interest rate, the provinces can be better squeezed, and at the same time, they can also get help from the beneficiary countries.

  13. Anonymous users2024-01-30

    Because foreign banks knew that Zuo Zongtang needed this money very much, and would borrow money no matter how high the interest rate was, every bank set a high interest rate.

  14. Anonymous users2024-01-29

    Because the interest rate is low, no bank will borrow, foreign banks are not profitable, and the other is that the sovereign credit is not very good, so the interest rate is very high.

  15. Anonymous users2024-01-28

    Because this kind of capital is the most advanced kind of capital, and Zuo Zongtang wants to make friends with foreigners in this way, which is also beneficial to his own development.

  16. Anonymous users2024-01-27

    Because these countries with high interest rates can help him, these countries are very advanced, and he just needs to recover Xinjiang.

  17. Anonymous users2024-01-26

    It was to force the provinces to come up with the money to repay the loan, and of course to get the support of the British, because his money was in the British HSBC bank.

  18. Anonymous users2024-01-25

    Because he negotiated with these foreign banks with high interest rates, as long as he borrowed money from these banks, he would get a part of the benefits, so he only looked for foreign banks with high interest rates.

  19. Anonymous users2024-01-24

    This is related to the enemy at that time, because Britain was providing money to Zuo Zongtang at the same time, it was also supporting the enemy, in order to get more money, Britain chose to support Zuo Zongtang, who represented the Qing Dynasty.

  20. Anonymous users2024-01-23

    High interest can borrow a lot High interest can get to the account quickly Just borrow, don't worry about repaying it (the domestic finance is supported by various regions, and the regional finance will pay after he borrows).

  21. Anonymous users2024-01-22

    Because he wanted to get the ** of these high-interest countries, which were very advanced at the time and very helpful in recovering Xinjiang.

  22. Anonymous users2024-01-21

    Because many foreign banks were reluctant to lend Qing ** to talk about leaking money, and felt that Qing ** would definitely lose this battle, he had no choice but to choose a British bank with high interest rate to borrow, and only they were willing to lend Zuo Zongtang.

  23. Anonymous users2024-01-20

    Because of the low interest rate, foreign banks do not lend to Zuo Zongtang. At that time, the Qing Dynasty's national strength was in decline, and many foreign countries bullied the Qing Dynasty.

  24. Anonymous users2024-01-19

    I think the main reason is that Jian Hao Zuo Zongtang didn't plan to repay the money at all when he borrowed it, and it was also the result of the fact that it was very difficult to borrow money due to the backwardness of China's economy at that time.

  25. Anonymous users2024-01-18

    Because only banks with high interest rates are willing to lend money, and they also have a long loan period. The Qing Dynasty was financially in deficit and could not repay the huge loans in the short term.

  26. Anonymous users2024-01-17

    Because he wanted to get the ** of these countries, theirs ** was very advanced at that time, and it was of great benefit to him to recover Xinjiang.

  27. Anonymous users2024-01-16

    It is easy to borrow, and only high interest rates can make foreigners feel profitable and make them more willing to lend to themselves.

  28. Anonymous users2024-01-15

    It's pure nonsense to come up with such a question!

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