USA HISTORY

Detailed explanation-1: -One such example was in the Ming Dynasty. The government had initially banned silver and decreed that the citizens should use devaluing paper currency. Unfortunately for the authorities, the citizens continued to use silver and refused to use the paper money.

Detailed explanation-2: -Taxation. The Ming laissez-faire policy in agrarian matters had its counterpart in fiscal administration. The Ming state took the collection of land taxes-its main revenues by far-out of the hands of civil service officials and entrusted that responsibility directly to well-to-do family heads in the countryside.

Detailed explanation-3: -Ming practice of collecting taxes in hard currency-Silver was required to pay provincial taxes in 1465, the salt tax in 1475. PArt of the larger global silver trade and silver in China.

Detailed explanation-4: -The state invested extensively in agricultural canals and reduced taxes on agriculture to 3.3% of the output, and later to 1.5%. Ming farmers also introduced many innovations such as water-powered plows, and new agricultural methods such as crop rotation.