When Zhang Wei returned to the backyard, he was still thinking about how to deal with the financial crisis, although Gao Jinyuan's words were a little ugly to him, but it was also an undeniable reality, the amount of currency spent by the empire's huge army was indeed a lot, and the amount of currency issued by this piece was very large. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

If the price of grain and other agricultural products is suppressed, then Europe and other countries that import a large number of agricultural products will make a profit, which is also what Zhang Wei does not want to see.

Seeing Zhang Wei's sad appearance, Empress Xiaoyu'er asked with concern, "Your Majesty, what problems have you encountered?" I've never seen you like this. ”

Zhang Wei talked about the financial crisis at the meeting.

Xiao Yu'er said with a smile: "There is also a very large piece of high governor did not say that the cost of imperial immigration, the number of passively issued banknotes is very large; Governor Gao's words are right, if only paper money is printed and the corresponding supply is not increased, it will lead to very serious inflation, and in the end, the cost of these few dollars will be paid by the whole people, not nominally by the royal family. ”

"Is there a good solution for the queen?"

Xiao Yu'er said: "Your Majesty, Gao Jinyuan's suggestion is very good, but there is no need to provide interest rates for the time being, Your Majesty can supply some materials to the market in large quantities to calm the market; In particular, grain is the best to do, there are grain companies in all provinces, the prices of rice, white flour, salt, edible oil, etc. have been reduced, and the price has been kept stable, so as to ensure that the middle and low-class people have food to eat, which is the most important thing. Secondly, I propose to divide the market into the imperial market and the international market, the imperial market can be regarded as a free market, and the international market is the monopoly of the price adjustment center or the Ministry of Commerce; Secondly, with reference to the practice of the United Kingdom, the "Navigation Law" was formulated, which will lead to the gradual recovery of a series of industries such as shipping, shipbuilding, machinery processing industry, ports, docks, and service industries. ”

"What is the imperial market and the international market? What is the Navigation Act? Zhang Wei didn't understand what the queen meant.

The Empress said, "Your Majesty, the Imperial Market is the territory of the Empire plus the vassal states, as well as the Chinese Empire, the Japanese State, and the South American States; The international market is the African and European market; After distinguishing the market in this way, the imperial merchants were forbidden to do business directly with the European countries, and only the franchise departments directly under the empire were allowed to do the international market, and the merchants of the empire could freely do trade in the imperial market, so that the price of the international market and the price of the imperial market formed a dual-track knowing, and they did not interfere with each other, and the impact would not be great. ”

"Will this affect the interests of the merchants of the Empire?"

The queen smiled and said: "Your Majesty, the influence has a certain impact, but the imperial market is huge enough, it can completely circulate and develop at a high speed, there is no need to rely on the international market, but the imperial market is enough for these businessmen to do, so as to reduce the influence of the international market on the empire." ”

This method is not bad, Zhang Wei nodded and approved of this method, and this method is relatively easy to control, he asked again: "What is the "Navigation Law"? “

"This starts from Britain's self-protection in those years, that is, all the materials produced by Britain and the British colonies can only be transported by British ships, and the output of the colonies can only be transported to the British mainland, and the materials that the British cannot digest can be exported to the outside world, and the British ships are also transported from the British mainland when they are exported; All supplies destined for Britain and the British colonies had to be transported on British ships. “

Zhang Wei asked: "Doesn't this reduce competition and increase costs?" ”

"Your Majesty, it won't increase the cost much, we just need to control the Pacific region and the sea east of the island from Madagascar to the Maldives to Sri Lanka Island and not allow foreign ships to enter, the empire's merchant ships can trade freely in this area, besides, several naval bases in the Indian Ocean themselves patrol every day, just let them control the entry of foreign merchant ships, the increase is not much, it will be more troublesome in the future, and the cost will be reduced."

Zhang Wei immediately thought of Chittagong, Berbera Port, etc., where a free trade port could be established, so that it would be convenient to cut off the connection between the imperial market and the international market, and in the same way, similar free trade ports could be established in Bermuda and other places in the Americas.

"Does the queen have any tricks up her sleeve when it comes to recycling currency?" Zhang Wei asked again.

"Your Majesty, this number is not simple, vigorously promote bicycles, motorcycles, automobiles, as well as entertainment, new fabrics, clothing, shoes, etc., which not only improves people's living standards but also recycles currency."

"These are not long-term solutions, and the market will be saturated for a while."

"Your Majesty, in the future, we will gradually improve the strategy of recycling currency according to the consumption power of residents, such as the introduction of the "Homestead Law" or the "Land Private Law", etc., how much currency cannot be recovered, but the time has not yet come."

Zhang Wei was very happy after listening to the queen's words, if these two laws were introduced, no matter how large the amount of currency could be recovered, he would be relieved; What makes him even happier is that the queen is so proficient in the economy, which is really his virtuous help.

The top priority at the moment is to quickly introduce the "Navigation Law" and set up the ports of Jeddah and Berbera as free trade zones, so as to separate domestic trade from international trade, and then adjust and regulate the domestic economy, so that the empire's economy can continue to develop at a high speed and people's living standards gradually improve.

The Imperial Supreme Court and the Material Reserve Center and other departments quickly handled Zhang Wei's instructions, and it took only five days to issue the "Navigation Law" and the "Measures for the Administration of Free Trade Zones", which were quickly printed, promulgated and implemented after Zhang Wei signed.

The Admiralty strictly carried out the orders of the Empire, carried out non-stop patrols along the line from the port of Colombo to the port of Tamatave, closely coordinated the air bases, and absolutely no smuggling ships were allowed in the Indian Ocean Fleet defense zone.

Qi and Lu also received an order from the Imperial Government Council to slightly revise the "Navigation Law" and immediately promulgate and implement it; At the same time, two free trade zones have been established, one in Bermuda, which mainly faces European countries; One is Port of Spain on the island of Trinidad, facing the countries of South America.

The introduction of two successive policies has had a certain impact on domestic businessmen, but it is insignificant compared to the impact on European countries.

Any policy has two sides, restricting the international trade of the merchants of the empire, and at the same time reducing the impact of the merchants of European countries on the trade of the empire, and this practice is to protect the navigation industry of the empire, the merchant shipbuilding industry, etc., is a great benefit, and these two industries will lead to the vigorous development of other industries.

ports, docks, shipbuilding, steel, machining, etc., were supportive of the Empire's policies; The Xia Empire itself is an archipelago country, and the shipping industry is one of the most critical industries, involving the most people and industries, and these two policies have received immediate results, and related industries have quickly regained their vitality.

Successor Zhang Wei successively released a large number of materials from the system, stabilized market prices, and recovered excess currency in the market.

Since the interest rate has not been raised, people on the side of the government council are still very supportive of this.

Although Zhang Wei was unwilling to harm the interests of the peasants, the merchants and peasants who were reluctant to sell and hoard goods still suffered considerable losses.

On the whole, the promulgation of the Navigation Law outweighed the disadvantages and injected vitality into the economic development of the empire.