Chapter 260： Aegis (2/2)
After a stock market turmoil, London's stock market fell by 7%, and tens of millions of pounds of wealth were evaporated. The number of bankrupt enterprises increased, and the number of unemployed increased by more than 100,000.
At such a great price, the only winner was the British consortium. Not only has it won a large sum, it has also strengthened its monopoly position in the industry.
After big data analysis, Karl naturally thinks that Austria has been caught in the pond. The amount of gold purchases was lower than expected, the government's currency reform work was affected, and the losses paid were mainly in time.
Franz thought for a while and said, ”Don't worry about them, as long as the price of gold returns to normal, we start to buy, and once the gold and silver exchange price rises more than 5%, we immediately close.
How much can be counted, after so much toss, we must be prepared for a protracted war. We buy it when the price of gold falls, and we sell it if it rises too much.
Now that the British dare to disrupt the gold market, let this market continue to chase and see who loses more in the end. ”
Others don't know the danger of the blind rise of the currency, can Franz still not know? The price of gold went up, the value of the British pound naturally went up, and the cost of British industrial and commercial products rose accordingly.
Do not look at these points seems inconspicuous, in fact it means that the profits of British export trade fell. As capitalists' profits decrease, it is inevitable to reduce investment and increase the squeeze on the working class.
Two days a day is okay, and social conflicts have accumulated over time. Even though the great cause of British people can sustain and the economic development slows down, there is no way to solve it.
This problem is also easy to solve. Either wait for the Vienna government to complete the gold standard reform, then for its own benefit, it is natural to maintain the stability of the gold market.
Either let the Vienna government acquire enough gold, and naturally there is no need to continue to buy it.
”Yes, Your Majesty!” Carl replied
After a pause, he added: ”Your Majesty, the currency of the new Holy Roman Empire has been designed, and this is a sample for your review.”
After receiving the new version of the Rhine Shield, the front is the icon of the Habsburg dynasty and the head of the emperor, and the back is a river and mountains, which can be regarded as an artistic map of the New Holy Roman Empire.
Beautiful or not, Franz didn't bother to care, the most important thing was political implication. As long as the meaning is reached, it doesn't matter if it is smelly, everyone will like it anyway.
After careful observation, Franz asked: ”How is the currency value of the new version of the Rhein shield determined?”
When issuing currency, the value of the currency is often determined by market demand. If the currency value is too low, it means increasing the face value; if it is too high, it will not work, and it will be very inconvenient to exchange.
Carl replied: ”After our initial research, three schemes were designed:
First, 1. Rheinland is equivalent to 3.66 grams of gold, about half of the pound;
Second, the Rhein Shield and the British Pound are equivalent to about 7.32 grams of gold;
Third, the Rhein Shield and the Franc are equivalent to about 0.29 grams of gold.
The main reason for this design is to facilitate settlement in international trade. Now our largest trading partners are Britain, France, and Russia. Russians use metal currencies directly, and there is no need for exchange. ”
Indeed, this is the easiest way to determine it. The value of the pound sterling and franc is determined after the study of British and French. It is currently very well circulated in the market and is the two most mainstream currencies in the world today.
If the Vienna government is unconventional, and it is not impossible to run out to find a new currency, it just needs a lot of research and consumes precious time.
Franz thought for a while and said, ”We are exactly the same as Britain and France. We don't know how the outside world will talk about it. We just use 3.66 grams.
It is more convenient for settlement and the numbers are more auspicious. The face value of the issue is tentatively set to 1 shield, 5 shields, 10 shields, 20 shields, 50 shields, and 100 shields. If it is needed later, it can continue to increase. ”
Just so casually, Franz determined the value of the new currency.
The full name is the Rhine Shield of the Holy Roman Empire, referred to as ”Rhine Shield” or ”Aegis Shield”, which is another movie.
The name also has its origins. The Rhine is the mother river in the German region. The most commonly used in the German region was the Rheinland issued by the Rheinland Federation.
In order to show the determination of the Vienna government to unify the German region, the Rhein Shield cannot be cancelled, or the nationalists in the German Federal Empire will be unhappy again.
In this era, the purchasing power of Aegis is still very strong. In addition to the shield, it naturally needs smaller currency units.
1 shield = 100 shillings = 10000 Groschen
With so many units, you can ensure that the cheapest goods can be paid in currency.
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