In fact, Pedi noticed the country's currency problems early on, but he knew nothing about this professional problem, and when Edwin Fellin was Chancellor of the Exchequer, he ordered the Ministry of Finance to do a special study of currency problems. However, at that time, the Ministry of Finance did not pay attention to this order, and the answer they gave after a month of study was that if the way money is circulated is arbitrarily changed, it will damage the credit of the state.

Last night, however, Derick Denny's submission and report said that banks could print banknotes to increase the country's wealth if the country's credit was sufficient.

Although Pedi did not understand economic issues, he knew that the national economy in the era of trade was very important and could even affect the fate of a country. If you play with the economy and fool the people, you will plunge the whole country into depression or even perish.

So, Pedi is both interested in Derick Danny's report, but at the same time maintains the due care and seriousness.

"Your report points out that as long as the country's credit is sufficient, we can even issue tens of millions of transaction vouchers to deal with the possibility of a long-term tug-of-war with the undead army in the future. Pedi stared at the report in his hand, reading this sentence repeatedly.

"Yes, theoretically. Derick Danny nodded.

"How do you want to issue banknotes?" asked Pedi, "even if the Empire has a unique credit advantage, it is impossible for an announcement to make the people of the Empire abandon gold and silver coins in favor of the newly introduced trading papers, or... Folding money. ”

"Yes. Derick Danny agreed, "If you just let the National Bank directly open the exchange of paper money for gold and silver coins, no one will want to exchange it even if you go to the lecture in person." ”

"So, what about your solution?"

Pedi put down the report in his hand and looked at Derick Danny's gaze becoming more and more serious.

In the face of the emperor's gaze and serious inquiry, Deric Danny did not answer immediately, he opened the document in his hand, and after repeated confirmation, he respectfully pushed it under the emperor's nose, and said: "The trade economy of the Imperial Coastal Chamber of Commerce is now very mature, and there is a very interesting report in the statistical report of the Ministry of Finance. ”

"The barren land of the Western Continent is rich in a spice called Ganqing, you must have heard of it?" asked Darik Danny, with a joking tone.

"Now, of course, it's a very common spice. Pei Di nodded, the fragrance of sweet green was similar to the pepper in his previous life, but the appearance was a little different.

"More than 100 years ago, the most important commodities of the ocean-going trade were sweet green and other ancillary spices. "Spices were a scarce item when they first entered the Eastern Continent, and according to records at the time, Ganqing was even more valuable than gold at that time, and brides from aristocratic families could use Ganqing as the most valuable dowry when they got married, and they could also be used to pay taxes, and sometimes even used instead of gold and silver coins. ”

"In the face of tenfold or twenty-fold profits, the merchants of Balan, Seka, the Hocco Islands, and the interior of the country began to trade in the sea. "The glorious trade has influenced even the mages of the Eastern Continent, who have begun to study the magic of navigation and build stronger merchant ships. ”

Pedi listened and subconsciously nodded in agreement, after his coronation, he hired a bachelor to study trade economics to explain trade economics, and there was a special course in the spice trade more than a hundred years ago, so he had a clear understanding of that trade carnival.

"But soon, a merchant in the town of Sekka found that with the increase in the volume of trade, the major chambers of commerce began to fight a price war for competition, and at that time, the ocean trade was not as mature as it is now, although the spices were very profitable, but the cost was higher, and many chambers of commerce even risked their lives to transport spices back, coupled with the rampant piracy, the Hoko Islands, the Mage Tower, and the large chambers of commerce in the Suke Plains, it was difficult for the Kru Territory to win in the ocean trade with the economic situation of the Kru Territory at that time. ”

"Although ocean trade was started by your ancestors. When Derick Danny said this, he paused to take a breath and glanced at the emperor's expression, seeing that the emperor didn't pay much attention to this question before continuing: "But at that time, the best in ocean trade were the rich Hoko Islands and the noble merchants of the Suke Plain, because the Crewe Territory was very poor at that time, and the chamber of commerce that engaged in ocean trade was very weak. ”

"The merchant who discovered this problem was named Alden Marat, the ancestor of Sir Seke Marat, and the founder of the Union of Chambers of Commerce in Balan. Sir Alden reported the situation to the then Duke of Yorksore Reagan on the occasion of the New Year's party, and claimed that if he did not find a way to increase the competitiveness of Crewe's ocean trade, the overall interests of Crewe would be damaged, and he would even be kicked out of ocean trade by other regional chambers of commerce. ”

"Sir Alden was a visionary businessman. Pei Di couldn't help but comment.

"Yes, Sir Alden was not only a visionary, but also a wise merchant. After his heartfelt praise, Derick Danny continued: "He suggested to the Duke of Yorksor Reagan that a strong Krew Territory Chamber of Commerce should be established to be responsible for the trade of spices from the entire Kru Territory to the Western Continent, so as not only to avoid malicious competition between the Kru Lords, but also to ensure the common interests of the Kru Merchants." ”

But as soon as this proposal was put forward, it was opposed by the heads of major chambers of commerce. Derik Danny looked at the Emperor, "Your Majesty should know the reasons for the Chamber of Commerce's objections, right?" he was too smart to say the reason.

Pei Di nodded, the reason why those chambers of commerce opposed it was because at that time, the Reagan family had an absolute advantage over the ocean trade of the Western Continent in Crewe, and the other chambers of commerce opposed it because they were afraid that after the establishment of the United Chamber of Commerce, the Reagan family would control the power of the chamber of commerce, and their interests would be difficult to guarantee.

But Sir Alden did not give up lobbying, he went to various chambers of commerce, told them about the advantages of the United Chamber of Commerce, and finally Duke Yorksore Reagan agreed to this plan, and voluntarily relinquished the leadership of the United Chamber of Commerce, and authorized Sir Alden to establish the United Chamber of Commerce, which would represent all the ocean trade of Crewe for twenty-five years. Derick Danny continued his story: "But Duke Yorksel Reagan had one condition, that the United Chamber of Commerce must control more than seventy percent of the market for the continental spice trade within five years. ”

"It was definitely a big gamble to use the power of a territory to challenge more than 70% of the market share in the Eastern Continent, but Sir Alden agreed without even thinking about it. Derick Danny took a deep breath, "However, he has another condition... He proposed that every Kru leader has the right to voluntarily choose to become an investor or shareholder of the United Chamber of Commerce, and he wants all Kru leaders to share in the profits of the United Chamber of Commerce. ”

"Sir Alden described a huge pie, and because it was a multi-stake operation, the risk was naturally minimal, and at the same time it avoided vicious competition within the Crewe people, and the Duke of Yorksel Reagan agreed to this condition, and the majority of the Chamber of Commerce agreed... Soon, the United Chamber of Commerce of the Town of Baran was formed. "After the establishment of the Chamber of Commerce, Sir Alden began to sell the shares of the Chamber of Commerce to all the nobles in the realm, and the first amount of funds raised was 500,000 Imperial Gold Coins, when the Duke of Yorksor Reagan bought 55% of the Chamber of Commerce in the name of Fort Caval at one time, and successfully united the controlling shareholders of the Chamber of Commerce. ”

"With a huge Chamber of Commerce, huge profits and a huge cake, many merchants and nobles began to compete to buy the shares of the Chamber of Commerce, and in just three days, half a million imperial gold coins were raised!"

However, after the United Chamber of Commerce stipulated that the first dividend should be paid ten years later, many shareholders who could not wait for the dividend began to sell their shares, and because of the good business conditions of the United Chamber of Commerce and the subsequent monopoly of the spice trade, the stock transactions accumulated, and soon the building opposite the headquarters of the United Chamber of Commerce was converted into a stock trading center. Derick Danny said and pulled out another document, "Nearly a hundred years ago, the Stock Center is now a stock exchange controlled by the Balan Town Chamber of Commerce Alliance, and now the exchange is not only for buying and selling the shares of the United Chamber of Commerce. ”

After hearing this story, Pedi already reacted, "Do you want to use the Chamber of Commerce stock to drive the issuance of banknotes?"

.......

ps: The story is based on the story of the establishment of the world's first stock trading center, don't spray if it's not well written, the author has just graduated from elementary school, and he understands economics there.

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