C2797 Gold Magic 2

Britain had forced itself into the Industrial Revolution to improve the international competitiveness of its commodities through efficiency. In the end, it was still a dumping trade that would be used to exchange for gold and silver from other countries.

Why did Spain and the Portugal fall in the end? At the end of the day, it meant that he only knew how to play with finance, not business, and that the country's economy was hollow.

In fact, they were not involved in finance. Most of the gold they had stolen from South America had entered into the pockets of the nobles, and what they got in return was only their extravagant desires!

The people did not get any benefits from it, but on the contrary, the industry was in disarray from British industrial goods.

Spain and the Portugal eventually fell!

It was only through the continuous trade deficit that Britain had accumulated enough money to begin to develop its navy, which in its early years had been built on privateers.

On one hand, they were using industrial goods to dump gold on you, and on the other hand, they were raising pirates who directly snatched your ass off the high seas!

One man, one man. Both of his hands were quite tough!

It was this decline in strength that led to the final glorious victories of the Great Britain and the Western Sea and the Trafalgar, and eventually to England's domination of the sea.

After that, it was time for the British to colonize the entire world. The British Empire began to draw gold from the whole world, and the huge amount of productivity brought about by the Industrial Revolution eventually turned into repeated dumping of commodities from the colonies.

Cheap industrial products were exchanged for gold and silver from all over the world. In an instant, Britain became the country with the most gold reserves in the world.

This should be the end of the story, but the British are smart. Capital crocodiles and the elite are beginning to work together to think about gold.

Is it really good to use gold and silver to forge real money?

One had to know that the gold and silver coins that humans had spent thousands of years to obtain were tangible. One had to use Real Gold and Silver to forge them or press them down, personally giving pieces of gold and silver coins to the common people.

In the merchandise trade, the Real Gold and Silver was still flowing. If this gold coin flowed to France today, perhaps it would reach Belgium tomorrow.

Gold has no boundaries. No matter what tricks you forge, he will always follow the flow of goods to change countries.

This isn't good, this isn't good! The British who live in peace, know that in the future, there will be other countries rushing to catch up, once the British commodity competitiveness is weak?

What if goods from other countries prevail on the international market? Will there be a great exodus of British gold in the trade?

It's not impossible, but don't forget the huge trade deficit between Great Britain and Great Qing Dynasty in dryad! It was a huge hole that made the whole of Britain restless.

It is on the basis of this thinking that the British began to use the law to regulate the gold standard!

Some people said that other countries use gold as their currency! Isn't it already a gold standard? Why would Britain do anything unnecessary?

Actually, this is different. Other countries' gold standard is just to keep the old rules and use gold to forge currency!

As for the British gold standard, it was used in legal form to determine the lock on the pound and the gold. This was Sir Newton's idea!

The law provides for the conversion of 7.32,238 grams of gold! This guarantees the international credit of the pound note!

From that moment on, the physical gold in the British treasury was unable to enter. The physical gold began to flow in, leaving behind a stream of paper money.

Although the holders of banknote money from other countries could also go to the Bank of England to exchange for gold, very few people would do so in reality.

Because the English legal credit is very high, after all, cut off the king's head, this credit bar!

People believed in the British Gold Standard Act, so they believed in the credibility of the pound note, which was more convenient in the circulation of goods than the weight of gold coins.

If there really was a person who was bored to death and wanted to go to the Bank of England to exchange for gold, then the British would faithfully exchange it to him.

However, if it was the actions of a country or a large consortium, then they would encounter all sorts of problems!

If some countries were to exchange all their pounds for Real Gold and Silver s and take them away, there would naturally be some undercover operations.

Once the UK discovers that this amount of gold would threaten their control of the gold, it would be the right of diplomats or politicians and capitalists in the field to mediate.

In other words, economic sanctions!

If it was even more serious, could Royal Navy find trouble with you on the high seas? Could it be that your enemy received part of the British grant?

In any case, there are too many insidious moves. Britain will not let you affect his country's security. The gold reserve is the line between life and death. It absolutely cannot be challenged!

Economic, political, diplomatic, military... The pressure from many sides guaranteed the possibility of a large scale representation of gold. Basically, no country would dare to play such a game!

Gordon narrated the history of gold in Europe in a simple manner. It seemed that this Gordon was truly an expert in storytelling.

Zai Chun was dumbstruck. This was even more satisfying than what Mr. Sky Bridge Calligraphy told him.

Speaking of excitement, Zai Chun actually personally brought out the teapot to help Gordon replenish the water, he had given him sufficient face!

"So according to my beloved one, the price of the gold should be in the hands of the Queen?"

Gordon smiled bitterly and shook his head. "The most complicated part is here. The international price of gold really isn't in the hands of the Queen."

"The story here will have to start from the development of capitalism!"

"I'll tell you this, Your Majesty. Gold is controlled by capitalist forces. This is a huge corporation that you can feel but not understand!"

Ancient Europe was a land of feudalism. At that time, the feudal aristocracy and the Church ruled the world, and absolute power was in their hands.

The concept of capitalist did not exist. At that time, there were only a few wealthy businessmen who had the appearance of capitalists, but their fate was also precarious.

Without mentioning anything else, the Church could just casually go to his house and casually sell their vouchers, you sure earn a lot of money! Come on, buy a hundred Gold franc s as ransom!

What are you talking about? You dare to say that you are not guilty? You dare to say you're not selling? Someone, the daughter-in-law of this family is a witch, drag her out and burn her to death!

Drag the daughter of the family into the dungeon and let me inspect her!

How dare they not to buy the Holy See's confession? F * cking kill your entire family, kill your entire family!

That was truly a dark era, and everyone was worried about the survival of the fittest merchants!

The Holy See believed that all human beings were guilty, and everyone had to go to hell. If they wanted to avoid the tragic ending of going to hell after death, they had to buy a lot of ransom tickets while they were still alive!

A piece of broken paper could be exchanged for the wealth of the people, and that was what the Catholic court had done!