Following the UK, China bought the gold standard era, and its impact on the world continued to exert its power.

The financial order of European countries fluctuates wildly.

At this time, most European countries implemented the gold and silver standard, and even silver coins, such as France, after Napoleon came to power, withdrew from the new monetary policy and replaced the old riff with the franc. It was stipulated that 1 franc was equal to 100 centimetres, containing 5 grams of silver with 90% fineness, and that a Napoleonic gold coin containing 6.45 grams of gold and worth 20 francs was also minted. This is equivalent to stipulating that the ratio of gold and silver is about 1 to 15, which is set in accordance with the international price of gold and silver.

The French economy has been in a recession in recent years, Napoleon is gone, leaving France with an indemnity of 700 million francs, which will be paid off within 5 years by issuing public bonds, before the reparations are paid off, the alliance countries sent troops to garrison the northeastern fortress of France, and the British Bank of Baring helped France issue bonds, which is the first time that the British financial industry has issued bonds for countries other than the United Kingdom, and the British banking industry has indeed swelled up in the Napoleonic Wars, but the French financial industry is dying of hunger.

The loss of a large amount of real money and silver has led to the chaos of the French financial industry, the chaos of the financial industry, unable to provide sufficient funds for the industry, and the weakness of the industry has led to the French economy has never been able to recover, the cotton textile industry has been squeezed by the British cotton textiles, and the silk weaving industry, which was originally unique in Europe, can not be sold because of a large number of better quality Chinese products, and even the nobility of the country is keen to use Chinese silk.

Now the last balance of 700 million francs is still outstanding, and the French economy is almost impossible to sell his bonds. The bonds provided by the Bank of Bahrain to France are denominated in gold, but France is mainly on the silver standard, and the collapse of silver has made France invisibly have to pay more debt.

The collapse of the price of silver caused a general increase in the price of imported goods in France, the country lost more silver, and the depreciation of paper money was severe, and under this double whammy, the French economy was even weaker, unemployment was high, peasants could not sell their food at a price, and they could not afford to buy consumer goods, and the whole country was dissatisfied with the incompetent government.

The incompetent government also convened a meeting to raise taxes, and the French people were furious, and the traveling crowd chanted Napoleon. It scared the French government enough to think that Napoleon had returned.

Looking at the situation, the tax can't be added, the tax can't be added, even the interest on the bond can't be repaid, the next bond will not be settled, the next bond can't be sold, the compensation will not be repaid, the reparation will not come back, the foreign army will not retreat, the French government is afraid of the foreign occupation forces on the one hand, and the French people on the other, the two ends are not people, and they ask the British bankers to extend the debt, but the British do not agree.

They had to choose between reparations or revolution or debt default, each of which was difficult and would cause unpredictable chain hardening, no reparations, foreign armies could not afford to raise taxes, the French people could not afford to pay reparations, and the British bankers could not afford to default on their debts.

Desperately embarrassed, the Chinese came to the door and said that they could provide a preferential loan, but it needed to be collateralized by French tariffs, and the person who came was the representative of the Chinese European company, which has recently been hot because of the opening of the Suez Canal, and the European company is looking for a European business headquarters.

London would have been the most suitable, but Britain and China were politically risky, so they wanted to be able to have their headquarters in France. The easiest way to get from the Mediterranean to Northwest Europe is not through the Strait of Gibraltar, but through France's Southern Canal system. Of course, if you calculate a single freight, it will be more expensive than sea freight, but if you use France as a transit base, then it is very cost-effective, from the French water transport network, connected to the Rhine River, you can directly distribute Chinese goods to Central and Eastern Europe.

It's also the best option outside of London, where emaciated camels are bigger than horses and France is still the second largest economic power in Europe. And now there are a lot of French people serving China, and a large number of French people who have mastered Chinese can act as agents, that is, compradors.

The French government seems to find no reason to say no at this time, the conditions put forward by the Chinese are all agreed, and the Chinese are allowed to use French ports and canals to transport goods, build warehouses throughout France, invest in France, hire French, etc., these conditions are not important, because they are all general commercial conditions, France is not a closed country, these conditions are stipulated in the trade agreements signed with China, in fact, there is only one biggest condition, the French government charters Chinese European companies to open banking business in France.

At a time when concessions were in general demand in the banking sector, this banking license was very important, and representatives of European companies in China said that the establishment of a bank was a necessary condition and one of the ways to raise funds for the French government, which had to agree.

So a bank called China European Bank was established in Paris, France, and branches were established in Paris, Marseille and Lyon. Then the bonds were sold directly in Paris, in the name of a Chinese European company, which was in high demand because of the Suez Canal. I easily raised 100 million francs at an interest rate of 5%, and lent it to the French government at an interest rate of 7%, without having to pay a dime, and I made a profit of two points on credit alone. And this money was paid by the French for the French government, in fact, the French have always been poor.

Historically, in 1830, when the construction of railways began in France, the Bahrain Brothers Bank provided a loan to the Northern Railway, a railway built by the Rothchild family in France. Bonds are sold in London in pounds sterling, and because banks in London act as intermediaries between French borrowers and French lenders to earn commissions, most of the bonds are actually bought by French investors.

The French are not short of money, but the French government has always lacked credit, nothing more. Chinese European companies are not short of credit, so they are able to make this money. It was also authorized by the French government to establish a bank that could operate throughout France.

With France as a European base, the business expansion of Chinese European companies will be smoother.

This kind of clever operation cannot be done by Zhu Quan of the American company, nor can Zhou Guan of the Nanyang and Australian companies do it, Xie Qinggao of the African company cannot do it, and although the European company was finally established, it is the most professional, because China has cultivated more and more talents, and they are becoming more and more powerful.

From the very beginning, the European company was no worse than the East India Company of the European countries, and the managers of the company were proficient in business, accounting, and financial business, and they were strong, otherwise they would not dare to go to Europe to steal business.

France suddenly accepted the loan from the Chinese company, repaid the last reparations, and immediately demanded that the countries withdraw their troops from French territory, but Britain, because of the cooperation between France and China, was very dissatisfied, and began to unite with other European countries, suspended the withdrawal of troops, and hoped to use this as an opportunity to form a new alliance.

The British said that China shielded Napoleon, do you accept it? Doesn't it seem strange that China is lending to France? China has no ambitions for Europe, do you believe it?

The British told European countries that China had penetrated into Europe, and Chinese goods were flooding the European market, but which European country had sold their goods to China? The British said that the reason why they could not sell it was because of the unfair trade policy implemented by the Chinese government, they closed their colonial markets, and the Chinese colonies were the most profitable, because their colonies were rich in gold, and European countries had to unite and unite to force the Chinese to open the markets of the South African and North American colonies.

Previously, the gold rush in California had aroused the enthusiasm of countries around the world, and as a result, China closed California and did not allow any non-Chinese immigrants to land, and a large number of white people were turned away, trying to infiltrate California through various means, some crossed the border by land from Mexico, and some tried to cross the continent from the United States.

In the end, at a heavy cost, the explorer-like white pioneers successfully entered California, only to be immediately arrested and deported by the Chinese army!

For the British, what they valued was not the reward for panning for gold, but the hard-earned money, and the British wanted to make enough gold from the gold-rich colonies through direct trade with the Chinese colonies, just as they sold Indian goods to the Chinese gold diggers in the South Seas, and swept away 50,000 pounds of gold a year. The magnificence of those gold diggers is wonderful.

However, through trade monopoly licensing, China has allowed African companies to monopolize South Africa's trade, and American companies have monopolized American trade, which perfectly circumvents the trade agreement signed between China and the United Kingdom.

Especially in South Africa, where the gold production is exciting, now the Chinese have sent technicians to start large-scale mining, it is said that millions of pounds of gold are produced every month, a large number of local slave owners sent their coats to mine, share a lot of benefits, if British goods can enter South Africa, then from these Chinese slave owners can exchange gold.

But Britain has always been reluctant to confront a power like China alone, especially to send land forces to war, and if other countries on the continent are willing to send troops, Britain is happy to provide a military aid. What a good way to work together with Britain for the navy, for Europe for the army, and then to fight for the common good.

Under the temptation of gold, coupled with the recovery of several major countries through French reparations in recent years, they learned that the Chinese have made a fortune in recent years, and with Britain taking the lead, why not go and get a piece of the pie.

As a result, Britain successfully took the opportunity of China's penetration into Europe and obtained the commitment of several major powers to jointly protest to China and demand that China open its colonial market!