In the early spring of the year 392 of the Imperial Calendar, Grand Duke Silver Rose, who had not been back to the Empire for nearly ten years, suddenly came to the palace and met with Prussia II, the supreme emperor of the Empire. This was considered a rare event in the imperial capital at that time.
It was quite a sensational thing, but when thinking of the young duke who had just been found, the people in the imperial capital couldn't help but feel calm——
In any case, Prusten, as his uncle and the only son of his dead sister Princess Vicky, had lost and found the young Duke Yiwen Yin, so he was bound to meet him.
For the aristocrats of the imperial capital at that time, the meeting between Yi Wen and the emperor was just a trivial matter in the palace. But it was not until two years later, when the first Nanling currency crisis broke out, that people learned from the series of events in the Ian family.
With his resolute and cunning handling, everyone was shocked to recall this inconspicuous little thing from the past.
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"The source of the currency crisis is two things, but it can also be said to be one thing."
Eret was lying on the bed, his head wrapped up like a mummy. Perhaps some bad-looking warrior saw his handsome face and felt resentful, and deliberately beat him into a pig's head in revenge. Now.
He had a bruised face and two purple circles under his eyes, making it impossible for him to see anyone.
But Eret didn't pay attention. Even though he was already lying on the bed, he was still talking endlessly about what he had not finished before.
"One thing is the Citibank run crisis mentioned before; the other thing is the depreciation of the Nanling silver coin, but these two things broke out together, so Frank, you can think they are the same thing."
Dressed as a boy, Franiel's eyes are still a little red and swollen. Even though she has reached the high level of a swordsman at a young age, apart from her status as a genius swordsman, she is still only one younger than Ivan.
The 20-year-old girl experienced being knocked unconscious and involved in a series of thrilling scenes during the riot. At this moment, she only had worry and self-blame in her heart, and she had long lost interest in listening to Eret's nonsense.
But she also knew that Eret was also using this method to distract attention from the pain in her body, so she braced herself and nodded pretending to listen carefully.
"On the New Year's Day at the beginning of the third year, just like now, nearly 300 big depositors of Citibank, big and small, blocked in front of Citibank, demanding that the Duke take out the newly minted black silver coins with a reduced silver content.
"Nearly 10% of the situation, give them an explanation." Errett recalled as he talked, of course he did not see this with his own eyes, but Citibank President Middle Wilbur's "Memoirs of the Currency Crisis" was repeated by him.
Forte has read it more than a dozen times, and every detail of the first Nanling currency crisis has been deeply imprinted in the depths of his mind.
Fran wiped his eyes and nodded: "Then what?"
"After that, Duke Silver Rose ordered his elected officials to drive out all 300 depositors. Then Citibank announced that the old Nanling coins would be exchanged for new coins at a ratio of 100:106. After verification by the nobles,
The silver content of Nanling silver coins actually dropped by as much as 8%."
"...So in the past 6 years, the ratio of black silver coins to imperial silver coins will continue to decrease?" The girl nodded thoughtfully. After hearing this, she also became slightly interested. After all, the black silver coins continued to depreciate.
She also heard a little bit about this matter: "In this case, the currency in hand will become cheaper and cheaper, won't it cause Nanling people to riot?"
"Are the civilians rioting?" Hearing what Franiel said, Eret pulled the bandage on the corner of his mouth and smiled, "The nobles rioted, which is more or less the same."
"Franciel, you have to know that the amount of silver coins owned by civilians in the empire is very low, especially the lowest and poorest civilians. Most of what they own are copper coins, items and labor. Until
Six years ago, Nanling was still full of backward barter exchanges."
"The real depositors who store black silver coins in large quantities are the nobles of Nanling. Because of the high mountains separating the empire and the seven counties of Nanling, it is difficult to transport the currency from the empire to Nanling, so the nobles of Nanling store a large amount of it.
Except for a small number of gold coins and silver coins, there are black silver coins."
"Then why don't those nobles just store silver bullion?"
Although Franiel knows how to manage accounts, when it comes to these advanced economic theories, Eret, who has studied at Xiaolong College of Literature for three years, is the real expert. But even so, she can overcome her own knowledge and draw conclusions.
This is why Eret particularly likes chatting with her.
Eret grinned and said: "It's very simple. As currency, whether it is Imperial silver coins or Nanling silver coins, their actual value exceeds that of silver bars with the same silver content."
Errett explained: "Actually, in addition to the silver content, our country's two silver coins, in addition to the 'currency value' of the precious metal, also have the 'credit value' of the mint itself, which was also stated by Sir Ivan.
It proposes an unprecedented currency concept."
Looking at the girl's puzzled eyes, Eret gave an example: "For example, before the Nanling currency crisis, five black silver coins could be exchanged for one imperial silver coin, but in fact the silver content of the black silver coins was 33
%, which is one-third of the silver content of 99% of Imperial silver coins.”
"The reason is that the 'credibility' of Nanling Duke's Mansion is low due to years of war."
"In addition, Nanling is rich in silver. Compared with the mainland of the empire, the price of silver is low, which is also an important factor causing this."
As he spoke, Eret took out a black silver coin from his arms and tapped it. As he moved, a silver coat of arms suddenly lit up on the black silver coin: "Look at this, this is what it represents."
The Duke's magical coat of arms."
Eret put the silver coin back into his arms: "Silver coins without this heraldry are 'counterfeit coins'. Privately minting and using counterfeit coins is a capital crime no matter where in the empire."
"So when Sir Ivan Ian first lowered the silver content of the Black Silver coins, although both the empire and Nanling were shocked to a certain extent, they felt that the original 33% silver content of the Black Silver coins was indeed too high.
, so most people at the time did not realize that this was just the prelude to a currency storm brewed by Sir Ivan himself..."
Franiel thought for a while and suddenly raised her hand. She just didn't know this knowledge, but she was not stupid: "But wait... If this is the case, as long as the nobles and businessmen who have a large amount of silver coins can
If you don’t deposit money in the bank, then Sir Ivan won’t be able to convert the old coins into new coins, right?”
"That's why I say that both the Duke and the little Duke's wrists are extremely admirable." Eret sighed. Even though his face was hidden by a bandage, he could still feel the admiring tone: "Also
Do you remember what Sir Ian did with the money from the nobles before?"
"Well..." Fran was startled by the sudden question. She quickly lowered her head and thought for a while, and then replied: "Build factories, support farmers and businesses... um... and build schools!"
Fortunately, I listened a little bit at first... The girl secretly wiped away the cold sweat.
"That's right." Eret nodded, "Have you ever thought that since there is such a way to default on debts, why does Sir Ivan still want to set up factories to support workers and peasants?"
"Is it to increase the currency's circulation?" Fran gave an answer casually, regardless of whether it was present or not. She didn't understand this anyway.
"Yes and no." Eret shook his head, "Supporting merchants is indeed to increase the circulation of currency, but building factories is to increase the number of new silver coin holders."
"New holding group? Workers?" Flan responded immediately.
Farrell nodded: "From the establishment of Citibank with territorial tax as collateral to the construction of the first iron-making factory, it only took Sir Ivan Ian one month."
"In the first week, we enclosed the land, in the second week, we transported materials, in the third week, we built machines, and in the fourth week, we built factories. With the support of the Imperial Military Mage Corps and the Nanling Military Workshop, Sir Ian, holding the design drawings, spent a month
Everything was done within a short period of time. At the beginning of the second month, the workers in Wenning District, who had gone through three months of assault military training and intensive education in workers' night classes, began to produce the first batch of factory products in accordance with the rehearsed work process."
"After the ironmaking factory, there are the alchemy factory, the paper mill, the textile factory..." Eret counted them one by one with his fingers. Even with his memory, he couldn't remember all the factories in Wenning Industrial Zone, so he just raised his fingers briefly.
After a few examples, I stopped.
"The things produced by factories working overtime, once they entered the market, were enthusiastically sought after by the common people and aristocrats because of their cheap prices, novel styles and high quality. They sold out as soon as they were put on the market. First, White Rose
city, and then spread to the entire Nanling, and finally flowed to the entire empire through the imperial capital, Sir Ian and his factory made countless money."
"However, in the beginning, due to production restrictions, the promise of high wages, and investment in agriculture, commerce, and education, the net profit earned by the Duke's Palace was about the same. However, the workers in the factory quickly lost their jobs because of the high salary of 10 U.S. silver coins per month.
Got rich suddenly."
"Ten black silver coins?" After hearing this, Fran frowned. For her, who grew up as a servant in the prince's palace, 10 black silver coins was just an extremely small amount of money. "This little money can
What to do? This amount of money, even if it is not spent at all in two years, is only 240 coins. Most civilians are more accustomed to keeping them at home, rather than in unfamiliar Citibank, right?"
"So, this is the genius of Sir Ian." Errett clapped his hands, "Long before the currency crisis broke out, he invented the salary card system, using cheap paper and ink produced by the factory, so that
The alchemists in the military workshop worked overtime to develop an ink punch card machine, which was first used in Citibank's storage procedures."
"After receiving silver coins for six months, the workers in Wenning Industrial Zone suddenly discovered that starting from the seventh month, all their income had been put into that small stack of paper. They only needed to put it on
The value can continue to increase in the bank. And he only needs to rely on his worker's ID card and passbook card to get silver coins at any Citibank branch. Taking this opportunity, Citibank's first branch, Wenning District Branch, is also here
Wenning Industrial Zone was established."
"Even according to the minimum standard, 8,000 workers are equivalent to 38,000 gold coins in two years, and coupled with the factory's net profit and taxes, Sir Ian will already have a large amount of income by the end of the second year, and he no longer needs to rely on
It’s all about the savings of the nobles.”
"Well..." Fran thought for a while. Although Eret said that Sir Ian's skills were very powerful, she always felt that something was wrong——
"However, if Sir Ian does not lower the silver content of black silver coins, then when Citibank's credit is accumulated, Sir Ian will receive far more funds from the nobles and big businessmen than workers' wages, right?"
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PS: I have a headache... I have a lot of boring stuff on my hands. I feel like this kind of plot is not what the readers will like. 2333
But there’s nothing explicitly stated in the book review section, so I’ll just continue writing...
Let’s just say it’s water. I’ve been busy working on the script recently, and my brain power has been exhausted a bit too much... I feel dizzy all day long.
But I dropped 2 of them from my collection...Have I become numb from the collection? I...