According to the original history, it is believed that the political axe of the Qing Dynasty would have used the huge war reparations obtained from the First Sino-Japanese War to gradually reform its original monetary system, and establish its own gold standard system shortly thereafter, so as to survive the storm of silver depreciation at the end of the 19th century. Now, it is obvious that even if the capital wants to establish a gold standard, it will suffer from its own lack of funds and will not be able to do so.

Not only will they not be able to do so, but the merchants of their neighboring Seris will sprinkle a handful of sea salt on the wounds of this crisis.

At this very moment, the employees of many trading companies in Japan are also holding large amounts of futures trading documents and crying without tears. Because the import and export trade between China and China has been indicated in the currency of the other country as the settlement unit at the request of the Sellis political axe, there is no doubt that there will be many enterprises with bad prospects this time. Judging from the current degree of depreciation of the Yuan, the delay in payment for the purchase of the raw materials of the Yuan is simply the same as the Ming robbery, and similarly, the major trading companies that had previously purchased the grain from Seris will now have to pay with three times the amount of their own currency in order to repay the purchase price.

Almost at the same time, a large area of oil-rich land along the eastern bay of the Central American country of Mexico was also acquired by several mysterious Asian buyers, and their payment items on their respective land futures documents were also written **** Mexican peso/July 1.

In addition to the silver standard countries such as Ben and Mexico, which have suffered serious trauma, the Americans on the other side of the ocean in Seris have also not escaped the silver crisis.

Unlike the previous monetary system reforms of the gold standard implemented by Western European countries and Seris, for a long time, this country in North America has been implementing a unique dual gold and silver standard monetary system.

After the U.S. Congress passed the Bland-Allisonact of 1878 in 1878, in order to balance the influence of Rothschild and local Wall Street bankers at home, American politicians began to ask the Treasury to buy $4 million of silver from private banks every month from January of that year to serve as a reserve of precious metals other than national gold, artificially stabilizing the domestic gold-silver ratio to 1:16. Since then, all types of silver bills issued in the United States with silver protection have become legally valid as gold currency (one dollar of silver certificates is equivalent to one dollar of currency).

In March 1890, when the international exchange rate of silver and gold fell to 1:22, the U.S. Congress, in order to appease the dissatisfaction of the domestic silver miners, passed the new "Sherman Silver Purchase Act of 1890", announcing that the Treasury would increase the purchase of 4.5 million ounces of silver and precious metals per month from now on, and once again expand the issuance of silver coupons in the country. By July 1898, the U.S. Treasury Department had issued half of the country's financial circles in all kinds of currencies backed by silver.

It is in this context that it is not surprising that the business community in the United States has suffered a great deal in the silver crisis.

Almost overnight, silver bills, which account for half of the domestic currency issuance in the United States, became "waste paper", and the value of its units fell by two-thirds. A number of banks in the United States also unfortunately collapsed because of this silver storm, people's deposits evaporated a large amount, and various states fell into turmoil one after another. Although this measure restored the credibility of the original "silver bills", it also depreciated the overall value of the US dollar by nearly one-third in an instant, which is equivalent to spreading the original losses to the entire US dollar monetary system.

As a result, the US dollar currency fell from 1.50463 grams of gold per unit to 1.00309 grams of gold per unit of US dollar. After one-third of the country's wealth has evaporated, the US political axe can be regarded as turning its own monetary system into the right lane.

Interestingly, not long after the silver crisis, American politicians and businessmen once again went to Seris on the other side of the Pacific to discuss "bilateral issues" between the two countries.

It's just that this time the Americans are no longer looking for the "Hawaii problem" that they have been indomitable before, but the silver crisis that has just passed!

On the morning of the 20th of that month, U.S. President William Taft even sent a telegram to Chen Zeyu, the head of state of Seris, imploring his republic to revise its previous silver policy and stop selling silver to the outside world.

Obviously, no one except for Seris's own central bankers knew that the Republic would accurately predict the silver crisis, and had already sold off the massive amount of silver in her country, in fact, the reason why the silver crisis in July came so quickly was not without the "credit" of the Serisians, and it can even be said that it was premeditated for a long time. In the eyes of American politicians and businessmen, even though Ceris has reformed the gold standard monetary system, as a traditional silver user, there must be immeasurable reserves of silver and precious metals in its treasury. These Americans, who were afraid that the Seris would pass on their losses and sell silver to the international market, were a little sick and rushed to the hospital at this time!

This telegram from US President William Taft suddenly made Chen Zeyu in Yanjing feel crying and laughing, anyway, he has already thrown off the burden of silver at home, and it is naturally not a problem to promise the Americans this "empty promise" at this time, and it is also just a matter of slightly saving the Sino-US relations that had cooled down a little because of the "Hawaii dispute".

On July 22, Chen Zeyu sat at his desk in Zhongnanhai and "grandly" issued an "order to stop selling silver," and on the same day, he sent a fake message of condolences to US President William Taaffe, saying that Seris is a big country with a sense of responsibility, and not only will not sell, but will also buy some silver and precious metals in a limited amount to stabilize international silver prices.

U.S. President William Taft was also surprised to receive a positive response from the head of state, and he had actually sent the telegram to do his best, and after receiving the call, the grateful William Taft immediately replied to Seris with a warm letter of thanks.

Funnily enough, just when the American political axe was looking forward to Ceris's next move, the British suddenly jumped out again.

On July 24, the British political axe sent diplomatic notes to Yanjing and Washington respectively, severely criticizing both sides for not indulging in the international silver market, and pointing out that silver has lost its original status as a world currency, and all countries should not use political axes to increase the true value of silver.

Not to mention the angry reaction of the Americans after receiving the British note, Chen Zeyu was also a little surprised after receiving the diplomatic letter of the British political axe, and for the first time he felt that he might have underestimated the inside story of this silver storm at the end of the century......

Originally, Chen Zeyu just thought that it was the successive loss of oriental silver that led to the depreciation of silver in the world, but now the reaction of the British made him feel vigilant.

Chen Zeyu knew that in the late 19th and early 20th centuries, the British had de facto control over the vast majority of the world's gold mines. In fact, in order to suppress the new giant gold mines discovered by the Boers in South Africa at the end of the century, the British even fought a war of aggression at a costly cost. Thinking of the previous silver fluctuations, the true side of this financial turmoil seems to be clearly displayed in front of Chen Zeyu's eyes for the first time.

The British financial community is suppressing the world's silver monetary system!

Gold and silver, the siblings of the original world currency, after silver lost the qualification of the world's currency, there is no doubt that the British, who controlled most of the world's gold mines, will control the entire world's monetary system. Compared to the rest of the world, the British were able to issue their pound notes with impunity in line with the growth of their own gold production, and eventually to implement the sterling standard monetary system they coveted around the world.

Thinking of this, Chen Zeyu was not worried, and he even began to gloat a little -- no one can better understand the future development speed of the world economy than him.

In fact, within a few decades, the British will be embarrassed to find that the growth of their gold mine production has begun to fail to keep pace with the development of the world economy. In the case of the country's economy falling into deflation one after another, the British political axe will have no choice but to restore the original currency circulation value of silver again. It won't be long before countries such as France and the United States will also restore part of their silver standard.

The continuous appreciation of silver during this period even led to the economic crisis of the later Republic of China, which would continue until the end of World War II. Because new silver producing areas were discovered around the world, silver-producing countries were greatly dispersed, and finally forced Britain, the United States and other countries to abandon the silver standard system in their hands, until later countries joined the Breston petrocurrency system dominated by the United States. In fact, even the later Breston system did not last long, and when the people of the world realized the greedy face of the Federal Reserve of the New World, the original petrocurrency system would collapse in an instant.

Putting aside the thoughts in his mind, Chen Zeyu, who had an idea, no longer worried about the actions of the British.

Even if gold will gradually withdraw from the circulation system of world currencies in the future, its original function of storing and preserving value will not degenerate, and for a long time, gold will still be the heavyweight weight that dominates the development of the world economy.

Standing in front of the indoor giant world map, Chen Zeyu crossed the known and unknown world's major gold producing areas, Ghana... South Africa... India... Australia... Luzon... New Guinea... Brazil... Colombia... North America... Under the bright light, a subtle amplitude slowly rose on Chen Zeyu's face......

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As an aside, I have to prepare for the bar exam recently, and the update will not be timely, so please forgive me. In addition, to say something from the heart, this book has been written with 300,000 words so far, and I don't know if my writing is so unsightly that the recommendation is only three digits. To be honest, I didn't think about putting this book on the shelves at all, I wrote it purely with tears, I watched a movie two months ago, called "The Battle of the First Sino-Japanese Sea", I just had a feeling in my heart, so I wrote it, fantasy or venting, I don't know how I persevered until today, after all, I'm actually still very busy, anyway, I just wrote it, and I will always finish writing it. Today at noon specially looked at the number of collectors,It's been over a thousand.,But I don't know why the recommendation is still so little.,Collect at least that there is still something to look forward to.,A person who votes for a random one has a thousand.,Anyway, your indifference is indeed a bit of a blow to my code word enthusiasm.,Please vote for two votes if you really support it.,Above! Written in late 2013.

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