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Fiscal Crisis: The Root Cause of the Ming Dynasty's Fall 财政危机，明朝灭亡的根源 Duan Xiping段锡平Historical8k WordsCompleted In 1644, Beijing was in crisis. Yet trade in Jiangnan was still thriving, and silver from overseas continued to pour in. The court, however, was entirely unable to turn the wealth circulating through society into military funds, let alone restore social order. The credit of the Ming paper currency had long since collapsed, land tax assessments were increasingly out of touch with reality, and there were also the long-term costs of the imperial clan and frontier defenses. Once the crisis erupted, 2Reads8.0Score—Shelves