During the reign of the Hongwu Emperor (r. 1368–1398), the founder and first emperor of the Ming dynasty, a comprehensive set of economic, social, and political reforms was implemented to rebuild the Chinese state after years of conflict and devastation caused by the decline of the Mongol-led Yuan dynasty and the Chinese resistance against Mongol rule. These reforms resulted in the restoration of a centralized Chinese state, the growth of the Ming economy, and the emergence of a relatively egalitarian society with reduced wealth disparities.
The Hongwu Emperor attempted to create a self-sufficient society based on agriculture, with a stable system of relationships that would minimize commercial activity and trade in cities. The government's motto was "encouraging agriculture and restraining commerce" (重农怐商; zhongnong yishang). In this newly organized society, agriculture was the main source of wealth and the backbone of the economy, and the authorities provided support in every possible way. Two-thirds of the land was owned by the state, and it was divided among small peasants who directly cultivated the land. In contrast, large landowners were systematically restricted and persecuted. Industry and crafts were under state management, and trade was strictly supervised. The Emperor showed concern for the common people and aimed to ensure a peaceful life for them, while also limiting the extravagances of the wealthy.