It is not easy to think that the Americans' war money is not easy, and it is generally they who make other people's war money, because their geographical location is so advantageous that they can't find natural enemies with lanterns, so they can watch and make a windfall in European wars again and again. Pen ~ fun ~ pavilion www.biquge.info

Perhaps the Civil War was the only chance for other countries to make American war money.

It is true that there are a large number of speculators who are stirring up this war, and of course the war itself cannot be stirred up, but the economic fluctuations caused by the war are very easy to speculate.

Whether it is New York or a group of financial gluttons in London, they have joined the feast, Londoners can also speculate on the ups and downs of materials and the like, and Americans are more likely to speculate on US bonds.

In this war, New York was dissatisfied at the beginning, and then completely sided with the US federal government, initially because the war cut off the business of the port of New York, and the largest export of New York Port was cotton from the South.

In 1857, the total export value of the United States was 2.79 billion US dollars, and the unilateral monopoly accounted for 1.85 billion US dollars, accounting for two-thirds, and the South generated tariff revenues of 100 million US dollars, so the South thought that its economic situation was better before the war.

But in fact, the poor economic capacity of those slave owners in the south is really outrageous. Needless to say, they are the producers of wealth, but the price of cotton has always been controlled by the Europeans, not to mention that their export channels, import and export financing services are provided by the North of the United States, and New York is the largest cotton export port, resulting in cotton producers owing a lot of debt to the North of the United States.

So New York, to be precise, the bankers on Wall Street in New York, were very opposed to the war at first, and when the Northern government began to let the Wall Street bankers help them finance, Wall Street, which could not benefit from imports and exports, immediately sided with the Northern Union.

Jay Cook creatively divided the U.S. Treasury bonds that used to be issued in large amounts into small bonds as small as five dollars and distributed them, so that the national bonds that were originally only contracted by big bankers could also be invested by ordinary people, and he also continued to publicize through major newspapers that the purchase of Treasury bonds was not only a patriotic performance, but also a good investment, and as a result, the speed of his financing exceeded everyone's expectations, and by the end of the war, the speed at which he financed the Northern government had exceeded the speed at which Lincoln spent money.

The war dramatically changed the United States as a country that had previously been a weak central government that could not even collect taxes. The reason why the United States fought the Revolutionary War with Britain was because the British taxed the North American colonies, but the tax rate imposed by the British on Americans at that time was only one-twenty-sixth of that of Britain itself, which shows how unwilling Americans were to be taxed.

Since the establishment of the federal government in the United States, the only income has been one, and that is tariffs, and the main provider of tariffs is the South, so the Southerners of the United States have held most of the presidency after the founding of the country.

This is also the fact that the Americans couldn't wait to build merchant ships like the Empress of China to trade in China just after the founding of the country, and soon occupied a place and became the second trading country in China after Britain, because their government can only rely on tariffs and can only rely on trade, so the importance of trade is even higher than that of the British.

Because of the lack of money, the federal government before the war, the daily government expenditure was only a hundred thousand dollars, but after the war began, the daily expenditure was soon as high as one million dollars, this speed of spending, the US government debt, from 90 million US dollars before the war to 2.846 billion US dollars after the war, most of this money was transferred by industry and banking, the New England region in the northeast of the United States, has not been affected by the war from beginning to end, and this is the industrial center of the United States, In 1863, American bankers wrote to their European counterparts that the United States was now prosperous, and that Robert Lee's army was threatening their capital, Washington.

Of course, Zhu Jinglun also made a small fortune of nearly $3 billion in war money.

Before the war, he secretly transported medical supplies worth 1 million taels to the south, due to the blockade policy in the north, the price of this life-saving material in the war skyrocketed by 25 times, Wu Chongyao's entrusted people were still powerful, although they failed to sell at the highest level, but also sold this batch of goods to 21 times the level, instantly making Zhu Jinglun profit 20 million taels, and all paid in gold.

The southern slave owners are really rich, although their economic level is backward, although their business concept is backward, but this kind of family-style family operation for dozens and hundreds of years can save money, think about the thirteen lines of merchants, you know that every big slave owner's manor mansion is stored in a large number of luxury utensils, a large number of gold and silver jewelry in peacetime is just a tool they use to show off their wealth at the ball, in the war inspired by the fanatical patriotic enthusiasm, a large number of slave owners donated gold.

Part of this gold fell into Zhu Jinglun's pocket, or the hands of the agent, the ability of the American agent and the chaos of the United States greatly exceeded Zhu Jinglun's imagination, during the war, he was able to move the money safely from the southern capital to New York.

It is said that as long as there is a need, even in London, there is a way to send money, of course, a certain fee is still required.

By the time the money arrived in New York, it had shrunk to 20 million taels, worth $30 million in gold, and as for the pen and paper, which had fallen by 40% since Lincoln had been authorized by Congress to start printing green-backed dollar bills without a security deposit, it was only necessary to use 40% of the denomination of gold to buy 100% of the denomination.

But at this time, ordinary people would not buy paper and pens with gold, and everyone knew that once the war was defeated, these Lincoln paper and pens would be a piece of waste paper. But Zhu Jinglun's agent almost all the gold was replaced with paper and pen, the reason is very simple, at this time the US federal government was issuing bonds, Zhu Jinglun knew half a year ago that they could smuggle gold to the north, so he instructed Forbes, the agent in New York, to exchange all the gold into paper money, and then use it to buy bonds.

The reason for this decision was that he was worried about the safety of this wealth, and Zhu Jinglun did not dare to guarantee that Wu Chongyao's brother would not be interested in seeing wealth, the Pan family had a debt lawsuit with the Americans back then, and in the end it was not that they were repaid, he didn't want to see this kind of thing happen.

So while asking Forbes to exchange gold for paper money, he wrote a letter to Lincoln, saying that in this war, Guangdong resolutely stood on the side of the North of the United States, did not mention slavery, and only told Lincoln that it was absolutely righteous to oppose the division of the country, so the Guangdong local government decided to support the North of the United States, and used all the $30 million of gold he had stored in New York to buy American bonds.

Therefore, the original purpose of buying U.S. Treasury bonds was to be on the safe side, and through the endorsement of the President of the United States, Forbes would not dare to hack that money if he wanted to.

But Forbes is a shrewd speculator after all, he can make a fortune in China at a young age, it is definitely not because of the luck of worshiping Wu Bingjian as a godfather, his own ability is fundamental, if he is really incapable, probably Wu Bingjian will not look down on him.

Forbes first exchanged the high price of gold for $75 million, and then used these notes to buy bonds, because at this time the bonds were calculated in paper money, and the price of paper money fell by 40%, Therefore, at this time, this gold can be used for 0.4 US dollars to buy 1 US dollar bonds, it is worth mentioning that the US bonds are used to repay the principal and interest, that is, if the north can win, through this hand, Zhu Jinglun will make a net profit, as for whether the United States has so much gold to pay the bill, the United States is the world's largest gold producer in this era, and the gold rush in San Francisco has produced more than 4 billion US dollars of gold.

The only thing to consider is whether the federal government will win.

But Zhu Jinglun's instruction to Forbes is to operate on the basis of the victory of the Northern Federation, Forbes does not care whether Zhu Jinglun's judgment is right or wrong, he will operate according to this expectation, when Robert Lee's army marched into Washington, the bond price fell, at that time Forbes helped Zhu Jinglun eat, when Robert's army was repulsed, the bond price immediately rose, Forbes helped Zhu Jinglun sell, through this transaction, has helped Zhu Jinglun to turn the initial $75 million bond into $100 million, And it's still climbing by a certain margin.

Zhu Jinglun felt very comfortable about the war money of the Americans, and the war money of the United States could not only be made in the United States, but also in Europe.

Zhu Jinglun used 300,000 taels of silver as insurance money to buy 3 million taels of cotton futures doubled, this kind of money earned by news is impossible to do forever, because after the outbreak of the war, the speculation has lost its meaning, even if the price rises, the market is also rising step by step, and there is control by the British government, and the price difference can never be doubled.

The second profit is that Zhu Jinglun hoarded gauze and other medical supplies in Britain for a year, and the goods hoarded in London were of course sold to the north of the United States, which has the right to control the sea, but because they have the right to control the sea, and they have strong industrial productivity, the price they paid is not high, and the goods hoarded by 300,000 taels were only sold at 5 times the price, and the profit was only 1 million taels after removing the cost of warehousing and other costs.

The third profit is that the guns and cannons urgently ordered from the major British arsenals before the war can be purchased with 300,000 taels as a deposit, and 3 million taels of weapons can be purchased.

Originally, Zhu Jinglun's minimum price for this batch of goods was five times the price, which was still due to the fact that the Americans themselves could produce weapons, and the countries of continental Europe could also produce them. But at this time, the entire European continent is not as strong as the industrial capacity of the United Kingdom, so there is no possibility of providing it in large quantities, so Zhu Jinglun believes that he will pay a price of 5 times, and the Americans will have to ask for it, and they will not want it, they even use the old rifles during the Revolutionary War, and they absolutely need to purchase new weapons, and historically, they have purchased more than 400,000 rifles in the United Kingdom.

Zhu Jinglun originally had high hopes for weapons and equipment, but later the British taught him what capitalist credit is, and when the Americans raised the purchase price to three times, the British Arsenal defaulted. They returned Zhu Jinglun double the deposit, and then sold the weapons and equipment originally produced for Zhu Jinglun to the Americans.

In the end, the British made a war fortune, and Zhu Jinglun's deposit of 300,000 taels only received a refund of 300,000 taels, while the British arsenal earned more than 4 times the profit.

This situation was unexpected by Zhu Jinglun, but he lacked it, and the behavior of the British was reasonable and legal, so he could only suffer this loss.

Fortunately, the professionalism of British bankers is first-class, and their market-making ability at this time can be called the teachers of American bankers.

The economic advisers of the Bank of Bahrain, based on the fact that Zhu Jinglun will win against the north of the United States, and this war can be fought for at least three years, will be 4 million taels of silver, and soon achieve 10 million taels, and continue to enter the market with large sums of money, they do not care that if Zhu Jinglun is wrong, he will end up empty, they strictly follow the entrustment to do things, this kind of operation without interference from interests, but makes them more efficient.

Mainly through the bulk commodity of frying cotton, eating at a low price and changing hands at a high price, Zhu Jinglun's wealth has steadily increased. However, last month, Zhu Jinglun sent people to give them new instructions, telling them to stock up on a batch of cotton on dips on the basis that the price of cotton in the United States would increase to 18 times that of pre-war levels, so they began to eat cotton steadily this year.

Historically, the price of cotton eventually rose 19-fold from 10 cents per pound in 1860 to $1.90 per pound in 1863-1864. This data was also recalled after Zhu Jinglun's brain memory was fully opened.

And this year, because the British cotton reserves have not been exhausted, the cotton reserves of the port of Liverpool have dropped from 667546 bales before the war to 275084 bales, and the British government still has the ability to support the market, but the cotton from the United States has been reduced to 19,189 bales, apparently by smuggling, this is already a limit, a total of 270,000 bales of reserve cotton, completely imported from other countries, such as India and Egypt and even China have exported tens of thousands of bales in reverse, but this is far from enough for the British textile industry to consume, So after this year, once the British cotton reserves are depleted, the price will get out of control.

At that time, the price of British cotton will at least increase tenfold from now, and when Zhu Jinglun's hoarded cotton is slowly thrown out, it should be able to make his war wealth reach 100 million taels, even exceeding the benefits obtained in the United States.

Thinking that as long as he survived for a year or two, Zhu Jinglun would have a fortune at the level of reparations for the First Sino-Japanese War, Zhu Jinglun felt inexplicably excited.

I can't help but start thinking about how to turn this money into funds for industrialization. (To be continued.) )