Xin dynasty

Chinese dynasties were typically named after the fief of their founders, and this reading is consistent with Wang Mang's pre-imperial position as Marquess of Xin.

[3][4] Though he enjoyed no great support among the empire's political class, Wang's ascension was generally tolerated because the Han dynasty had lost most of their prestige.

[4] The continuing disputes with the northern confederation resulted in Wang setting up a rival Xiongnu government in 19 AD, while maintaining the great army at the border.

[4] These aimed at strengthening the central government, restoring the failing economy, weakening the powerful noble families, and improving the livelihood of the empire's peasants.

[10] Soon after its inauguration, Wang's regime was destabilized by several natural disasters, including the Yellow River changing course, which resulted in massive floods.

[6][4] The Xin dynasty's economic policies failed to solve the ensuing crisis,[11] and Wang Mang quickly lost the support which he had had among the peasantry as the latter struggled for survival.

Wang Mang was forced to shift troops from other areas to deal with the Red Eyebrows, whereupon the Protectorate of the Western Regions was overrun by the Xiongnu.

[6][4] As civil war engulfed the entire Xin Empire, Wang's loyalist armies fought hard to keep the rebels at bay.

[6] The Red Eyebrows were defeated by Liu Xiu's forces in 27 AD,[14] and he also destroyed other rival claimants as well as separatist regimes including Wang Lang's Zhao state, Gongsun Shu's Chengjia empire, and warlord Wei Ao in the northwest.

[5] To further strengthen the empire's struggling economy and restore the government's fiscal stability, the Xin dynasty also implemented a new system to stabilize market prices, replaced the gold currency with a bronze currency, and forced nobles of marquis and lower rank to exchange all their gold for copper coins.

These policies allowed the nearly-broke government to regain much-needed funds, and actually improved the economy, but caused great resentment among the nobility.

[9][8] Wang Mang also reduced the status of foreign vassal rulers in an attempt to strengthen the Xin empire's control over its border regions.

Sinologist Hans van Ess has speculated that this was Wang Mang's attempt at achieving a better balance between the competing schools of thought, although the emperor himself probably preferred the Confucian New Texts.

Rebellions during Wang Mang 's reign
Knife-shaped coin of the Xin dynasty