This section contains 587 words (approx. 2 pages at 300 words per page) |
Causes of Reform. During the sixteenth century the Ming government faced several fiscal problems, one of which was the inadequacy of the monetary system. To supplement the shortage of copper coins, the government introduced unminted silver in tax transactions. When converting commodities into silver, surcharges were often imposed on the peasants. In addition to this monetary problem, the increasing burden of military expenditures proved onerous. Ming armies were largely supported by the land tax, and a substantial portion of the government revenue was allocated for military expenses. The third problem was the inadequacy of government officials' salaries, which were paid in grain. These payments were often converted into commodities at a low exchange rate when government funds were insufficient. The shrinkage of the salaries affected morale and encouraged corruption. The biggest problem, however, was the confusion...
This section contains 587 words (approx. 2 pages at 300 words per page) |