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... Ministers stood in uneasy silence as Zhu Yuanzhang’s voice echoed through the chamber.
“The exact extent of the drop is uncertain, but at the very least, silver prices will be cut in half,” he warned. “Soon, an ounce of silver might only fetch eight or nine hundred Great Zhou coins—perhaps even less.”
His tone deepened with concern. “Our Ming silver is becoming worthless. Our imports from the Great Zhou will take a heavy blow. But misfortune often breeds fortune. Our exports to ...
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