268 Bank of the Americas
How should a country be built?
There is no fixed answer to this question, generally speaking, it depends on the positioning of a country, if it is a country like the Bahamas, you only need to build a house and dig out the hollow to figure out how to play, you can attract countless tourists. Pen, fun, and www.biquge.info
Cuba certainly cannot use this model, Cuba's rich mineral resources determine that Cuba can only take the road of industrialization, and in view of Cuba's technological base, Cuba does not have many options, at most to dig out the mineral resources from the ground, and then carry out rough processing and sell them to the United States or Europe, which is the only choice for Cuba in a short period of time.
Because of Li Mu's intervention, it is possible that Cuba's processing degree can be deepened and more added value of products can be obtained, but it is still impossible to carry out fine processing, and the US government will not allow Li Mu and his team to set up a finishing enterprise in Cuba, which will harm the interests of the United States.
Fortunately, Li Mu was an otaku in his last life, and he has read a lot of online novels, even if he has not really controlled a country, Li Mu also knows a little about this aspect, but in the seventies of the twentieth century, the Celestial Empire proposed a "five small industries" in the Fourth Five-Year Plan, that is: small coal mines, small steel plants, small fertilizer factories, small cement factories and small machinery factories, with these five small industries, they can basically meet the basic needs of a region and lay a preliminary industrial foundation for a region, as for the subsequent development, It depends on the determination of the locals and their potential.
The five small industries laid the foundation for the industrial take-off of the Celestial Empire in the 21 st century, although the five small industries had wasted resources to a certain extent because of repeated construction, but in that special historical period, no one could erase the role of the five small industries, and it can be said that without the five small industries in the 70s, there would be no industrial capacity of the Celestial Empire in the 21 st century.
At the moment in 1873, the fertilizer industry had just started and had not yet been applied on a large scale, so this option could not be activated for the time being, which did not have much impact on Cuba, after all, Cuba was not an agricultural country, and the domestic population was not large, and the demand for fertilizer was not urgent, so Li Mu focused on the other four factories.
After all, the plan is just a plan, and when it came time to actually implement it, Li Mu found out that Cuba has all mines, but there are no coal mines, which makes Li Mu finally plan to catch up with the meaning of the word change.
Well, speaking of which, it is indeed unreasonable for the Celestial Empire not to become the leader of heavy industry, and the "five small industries" that are like fish in water in the Celestial Empire cannot be realized in Cuba. Fate!
Well, it doesn't matter if you don't have food, you can buy it from the United States, it doesn't matter if you don't have coal, you can still buy it from the United States, the only problem is that you don't have money, this problem is the problem that Li Mu urgently needs to solve.
"Piper, I need a bank." Li Mu approached J.P. Morgan and wanted to solve the problem once and for all.
"No problem, Morgan Bank can open branches in Havana and San Diego to meet all your needs." J.P. Morgan didn't understand what Li Mu meant.
"No, no, Piper, you're mistaken, I mean, I need a bank of my own." Li Mu emphasized.
"No problem, you can take a stake in the Morgan banks in Havana and San Diego, and even you can control it, as long as you have enough money." J.P. Morgan was still playing dumb.
"Piper, I mean, I need a private bank of my own, not part of a joint-stock bank." Li Mu spread out his words, ignoring J. P. Morgan's pot-like face.
"Ream, are you dissatisfied with the Morgan Bank's service?" J.P. Morgan is straightforward, his family is the bank, and Li Mu's doing this will definitely affect the interests of the Morgan family.
"No, actually JPMorgan is the best bank I can find right now." Li Mu is frank, and the implication is that JPMorgan Bank is very good, but it is not good enough to meet all my requirements.
"Then why do you want to build your own bank, investment banking is not a simple matter, it is very different from the manufacturing industry, and you don't have the corresponding manpower, so I advise Reem that you be cautious." J.P. Morgan tried to dissuade Li Mu from opening a bank.
In those years, there was no Federal Reserve, the financial industry in the United States was actually not regulated, and it was very simple to open a bank, and even issue its own banknotes, as long as the reserves were sufficient, the US government would recognize the purchasing power of the dollar.
Since it is so easy to open a bank, it is conceivable that there are really many banks at this time, and in fact, it was because of the collapse of Jay Cook's bank that the economic crisis was detonated, and in the course of this economic crisis, hundreds of banks failed.
Compared with the 21st century, the bank function at this time is single, investment and lending is the main business of the bank, for the absorption of savings is not enthusiastic, of course, for large customers, all banks are welcome, but for those ordinary people, they are not willing to deal with the bank, the bank will levy high management fees for private accounts, if the money is small, it is not even enough to pay the custody fee.
In fact, the banks of the 21st century have penetrated into all aspects of society, and people can live without dealing with government agencies, but they must deal with banks, so Li Mu loves and hates banks.
Love and hate are only in a thought, and there are many reasons, and it is precisely because of the understanding of the business that banks provide to ordinary people that Li Mu wanted to open a bank in the nineteenth century that operated using the ideas of the twenty-first century, and Li Mu believed that in the nineteenth century, this bank would not lose money.
"Piper, I'm trying to ask for your advice, not to target anyone, you know, a lot of banks are failing now, so talent is not an issue, I don't have a problem with your family's bank, in fact, even if I open a bank, we're still the best partners, I think you should know that." Li Mu first dispelled J. P. Morgan's doubts before he could join forces to trap people.
"If you insist, then what can I say-" J.P. Morgan gave up persuasion, just like Li Mu said, if Li Mu insisted, J.P. Morgan was powerless to stop it.
"Well, in fact, if you know my position, then you will know that my bank does not pose any threat to your JPMorgan Bank, on the contrary, we are the best partner." Li Mu set up a suit for J. P. Morgan.
"Let's hear it-" J. P. Morgan was not in a hurry to draw conclusions, and it seemed that he did not have much hope for Li Mu.
"Listen, my bank is called Bank of America, to be exact, it should be called Bank of the Caribbean, you know, I want to make Cuba the economic center of the Caribbean, so that it is inevitable to build a financial system, if you JPMorgan Bank is willing to focus on the Caribbean, of course I welcome it, but in fact you can't do it, so do we want to give this industry away?" Li Mu knew J.P. Morgan's bottom line, so he was not afraid to open up.
"No, we have no plans to get involved in the Caribbean right now." J.P. Morgan finally considered Li Mu's idea carefully.
The financial centers of this year are New York and London, so the focus of Morgan Bank's business is also in New York and London, for the Caribbean, J.P. Morgan knows that there is a future here, but J.P. Morgan is not the head of the Morgan family now, and the Morgan family cannot focus on the Caribbean, so Li Mu is right, Li Mu's Bank of America and Morgan Bank have no conflict.
Taking 10,000 steps back, Li Mu, an arms dealer, rashly set foot in the banking industry, is still a question of whether he can succeed, so the enemy of Morgan Bank is by no means Bank of America, but other banks in New York, such as Goldman Sachs and Mellon.
"Then there is no problem now, the headquarters of Morgan Bank is in New York, and the headquarters of Bank of America is in San Diego, and I welcome you to open the branch of Morgan Bank to San Diego, because I will definitely open a branch in New York, so that it will be convenient for me to move funds." Li Mutu was poor and dagger.
"I know you won't let go of the New York market, but Morgan Bank also welcomes you to join, because Morgan Bank has never been afraid of any competition, you need to hire professional managers when you come to me, rest assured, as a partner, Morgan Bank will do its best to serve its customers." J.P. Morgan let go of his knots and was confident that he would not be afraid of the challenge of Bank of America.
"As you'll see later, it was definitely a smart decision." Li Mu is happy, J.P. Morgan is not a bottomless person like Rockefeller, J.P. Morgan will do what he says, as long as J.P. Morgan promises, then he will definitely do it.
After taking care of the bank, Li Mu finally had the heart to focus on the ongoing negotiations, the time was already September, the United States of Cuba had besieged Havana for nearly a month, at the end of last month, the Spaniards ran out of food stocks, and asked the United States of Cuba to send supplies to the Spaniards, George Dewey had a humanitarian spirit, and sent food to the Spaniards every day, but the amount was definitely insufficient, only to supply rations for 30,000 people.
In today's Havana, at least 50,000 people live.
"General Asseño has given up those unrealistic illusions, and just yesterday's negotiations General Asseño recognized the legitimate rights and interests of the United States of Cuba and agreed to lead all the Spaniards out of Cuba, but demanded that their private property be retained." Sylvester reported to Li Mu in person, with a little excitement in his voice, seeing that he could finally drive away the Spaniards, Sylvester could not help himself.
For Sylvester's sake, going down in history is what Sylvester is pursuing, and no matter what, Sylvester is now qualified to write his name in the history books.
"Yes, they are allowed to leave within three days." Li Mu also relaxed the conditions, to be honest, Li Mu's patience has also run out, and he doesn't want to continue to entangle with the Spaniards, and now he can't knock out any oil and water from the Spaniards, and focusing on making money is what Li Mu should do.
On September 10, Sylvester signed the Treaty of Havana in Havana on behalf of the United States of Cuba and Arsenio Campos, in which Spain renounced all rights in Cuba and retained only its suzerainty, and the United States of Cuba finally gained independence.