Topic > Essay on the High Qing - 1125

The first of these economic measures was the granary system: an ambitious and systematic effort to control regional and temporal fluctuations in grain prices. Its aim and objective was the stabilization of prices within the country by buying low and selling high, thus creating a self-sustaining and profitable system for the people. Rowe states that the granary system “worked remarkably well in the best days of the dynasty.” The empire reclaimed huge amounts of agricultural land and increased food consumption, this system of granaries kept the grain market alive. Along with the granary system, the Qing managed their money supply very well. He created a bimetallic monetary system in which the Qing “creatively adjusted the relative supply of the two monetary metals in circulation (…) effectively using the market to manage the market.” Regional and local officials have played an important role in stabilizing the money supply through initiatives such as controlling cash flow within the market and changing payment demands in the tax system. These offices have proven to carry out their task very well. The empire was then controlled economically through monetary stability over time, along with a successful granary system for one of its most important