Chapter 603 (1/2)

The British pound is the standard unit of currency in later generations, while the shilling and the penny are the secondary units. One pound equals ten shillings and one hundred pence. A typical decimal currency.

At present, however, the monetary unit in Britain is still in the decimal system. One pound equals 20 shillings, one shilling equals 12 pence, and one pound equals 240 pence.

When the cigarettes developed by the gaoshu tribe were sold to the thirteen colonies of North America, they sold for a box of pence. When a pack of cigarettes came across the sea to the European continent, the price of the pack immediately rose to two francs a penny.

Well, French new currency is a kind of currency used in Britain before 1961. It originated from the Anglo Saxon region. In the early days, the purchasing power of the penny was also very strong, so it was often cut into half (Half Penny) or four half (French New), so French New became the smallest monetary unit in the British monetary system.

Cigarette has been a profiteering product since its birth.

The most profitable industry in the world is not banking, nor e-commerce, nor power industry, but tobacco industry.

Just like the tobacco industry in China, the tax provided to the country every year is incomparable to any industry.

Now, cigarettes can only be made by Yanhuang tribe in the new world of North America, so the stone bear naturally refuses to let go of this profiteering industry.

To tell you the truth, in the thirteen colonies of North America, a box of cigarettes from Yanhuang tribe can sell for a penny, which is not a bit high!

At this time, the purchasing power of a penny is very strong. Even if a pound is equal to 240 pence, don't forget that a pound is equal to a pound of silver!

In other words, if one gram of silver is three yuan, a penny is equivalent to about 1.9 grams of silver, which is 5.7 yuan!

Don't forget, this is the 5.7 yuan of the 18th century, not the 5.7 yuan of the 21st century!

If inflation and other factors are taken into account, the purchasing power of 5.7 yuan in the 18th century will appreciate more than 100 times in the 21st century!

In other words, a box of cigarettes for a penny can be regarded as a luxury in this era.

In fact, among the 13 colonies in North America and the European countries, most of the cigarettes produced by the Yanhuang tribe were affordable by people above the middle class. Most of the ordinary people bought one or two boxes occasionally to satisfy their cravings. Most of the cigarettes they smoked were pipes.

But even so, cigarettes also brought huge profits to Yanhuang tribe.

You know, in terms of the purchasing power of a penny in this era, a penny can make about 15 boxes of cigarettes

In Yanhuang tribe, the flow of cigarettes has been formed, and the tobacco leaves are planted by themselves, and the cigarette paper is made by themselves. These things almost cost nothing, and the only place to spend money is the labor cost. Most of the labor costs are settled by grain, but the Yanhuang tribe has been reaping bumper harvests for so many years that they can't eat any grain

Now Yanhuang tribe is like eating a big pot of rice. There are no classes and no money. So whatever the tribe wants to do, it is the collective responsibility.

In this way, no matter what the Yanhuang tribe wants to do, the cost will be shared with everyone, and it will be very few.

Not only cigarettes, but also materials such as liquor, steel, cement and ammunition are actually produced in this mode.

It is for this reason that cigarettes have such high profits.