As the time entered September 1910, the floods in several provinces of East Asia became more and more serious, and the hungry people in various places grabbed food, refugees rioted, and the people were in dire straits.

This is also the time for Australasia to brush up on goodwill, Arthur announced in a high-profile manner that on behalf of Australasia, 100 tons of food and 50,000 Australian dollars will be donated to the disaster area to show Australasia's peaceful and friendly side to the outside world.

Sure enough, after receiving the good news of Australasia's assistance, not only the local government hyped it, but also the refugees from all over the country were very grateful to Australasia.

Unfortunately, what they didn't know was that the income from the sale of grain in Australasia was a hundred times that of this aid.

In early September, Sydney was the first to establish Australasia's first stock exchange, and Arthur personally participated in the opening ceremony of the stock exchange on the same day, and gave a speech stating the importance of the stock exchange.

In fact, stock trading took place as early as 1602 in Amsterdam, the Netherlands. At that time, the Dutch government printed the world's first stock, the East India Company stock.

In the 17th and 18th centuries, the Netherlands, Germany, France, England, and the United States successively established their own stock exchanges, which have been at least 100 years ago.

Even in Arthur's seemingly less developed island nation, two stock exchanges were established in 1878.

In this way, Australasia's stock exchange has lagged far behind other countries.

The new Sydney Stock Exchange is under the management of the Treasury and is not for profit.

However, the establishment of stock exchanges and stock markets plays an important role in the development of the state and private enterprises.

Private companies can choose to list on the stock exchange and sell their company into several shares to others.

This allows cash-strapped companies to raise development funds in the stock market to meet the large amount of capital needed for construction and development.

In addition to raising capital, the stock market can also diversify investment risk and allow private companies to appreciate their assets.

This is good for the development of Australasian enterprises, and can also attract a large amount of external capital to Australasia and drive the development of Australasia.

Given the size of the population and economy, the current establishment of a stock exchange in Sydney is also sufficient.

Sydney is the only city in Australasia with a population of more than one million, and it is also a political, economic and cultural center, which naturally attracts more capital.

It is believed that after the establishment of the stock exchange, small and medium-sized enterprises in Australasia will also usher in certain development.

As September wore on, Arthur became increasingly concerned about the situation in Europe.

Judging by historical developments, a second Moroccan crisis should come soon.

The Moroccan crisis was a political conflict between Germany and France in Morocco, which also intensified competition in Europe and the deterioration of relations between Germany and other countries.

In March 1907, after the first Moroccan crisis, France sent troops to occupy Oujda in eastern Morocco under the pretext of the murder of a doctor.

Then, in August 1907, under the pretext that several French workers had been killed (in fact, these French workers had destroyed the Muslim cemetery during construction), they sent troops to force a landing in Casablanca and occupy five port cities on the Atlantic coast of Morocco.

After the French occupation of Busablanca, relations between Germany and France suddenly became more tense due to the pursuit of deserters and the clash at the German consulate.

However, at that time, Germany chose to calm the situation by surprise and agreed to submit the matter to arbitration, so that the matter could be resolved peacefully.

In fact, there are two main reasons why Germany has chosen to settle the matter. First, because the situation in Europe was already very tense due to the previous Bosnian crisis, the Germans were unwilling to add fuel to this tense situation.

The second reason is that the first Moroccan crisis had made Germany realize that the trend of French control of Morocco was unstoppable.

Rather than continue the struggle with France on the Moroccan side, it was better to compromise on this issue in exchange for Germany's economic interests in Morocco and compensation from the French side.

After all, Germany is also the second great power in the world, and since it has made concessions to France on the Moroccan side, then France must compensate for it!

Thus, on 9 February 1909, France and Germany signed the Franco-German Agreement, in which France declared that it recognized the independence and integrity of Morocco and that Germany had equal economic rights in Morocco.

Germany, for its part, recognized France's special political rights in Morocco and pledged not to interfere with France's actions to maintain peace and stability in Morocco.

The signing of the Franco-German agreement has greatly satisfied the politicians and high-level leaders of Germany and France, and has even eased the contradictions between the two countries to a great extent, and almost transferred the Franco-German contradictions to the negotiating table instead of the battlefield.

It's a pity that the proximity of France and Germany made the British very cautious and concerned.

In the final analysis, with Britain in place, it is impossible for Germany and France to move towards reconciliation.

Whether it is Germany or France, the position in Europe is at the level of hegemony. Once these two countries move towards union, then they will really be able to control the whole of Europe.

This is something that the British simply do not want to see, and after the reconciliation between Germany and France, will not their enemies naturally become British?

Moreover, if Germany can reconcile with France, can't it reconcile with Russia?

Their contradictions are reconciled, so what will Britain do?

You must know that although Britain and France are the two countries with the largest colonies in the world today, most of their interests are actually controlled by Britain.

If the major European powers are really reconciled, their enemy can be imagined, and that is Britain.

Can the British Empire, the famous European-stirring stick, tolerate such a situation?

Among other things, a Franco-German rapprochement is the last thing Britain wants to see. After the Franco-German rapprochement, the main contradictions on the European continent also disappeared.

This will turn the reason for the confrontation between the two major military blocs into a German-British contradiction, to put it bluntly, the struggle between the first and second powers for the position of world hegemon.

Under such circumstances, will France and Russia still be willing to die for Britain?

It would be nice not to even get involved, after all, the British Empire occupied the most colonies and the benefits of carving up the British Empire were the most of all the powers, and it seemed to be beneficial to most countries to carve up the British Empire on the basis of peace for all.

If history goes by the way, the second Moroccan crisis will erupt in a few months' time.

The second Moroccan crisis sharpened the Anglo-German contradictions, because Germany became the only target of British politics.

At the same time, the Second Moroccan Crisis also strengthened the Anglo-French Entente.

Because at the most critical time for France, Britain stepped forward and drew its sword to help, giving Germany a fatal blow.

This made the French feel very grateful to the British, and later strengthened the close cooperation between the two countries on all fronts, with the aim of fighting together against Germany.

The second Moroccan crisis created more tensions in Europe and even increased the atmosphere of war.

Had it not been for Britain's hard-line approach to the crisis and the Germans' retreat, I am afraid that the second Moroccan crisis would have been the trigger for the First World War.

In any case, it is necessary to be prepared for this crisis. The Moroccan crisis in history has been relatively well resolved, but who can guarantee that the Moroccan crisis in this world will not become the fuse of war?

After all, this world has Arthur's butterfly, and many developments are different from previous history.

Under such circumstances, it is not impossible for Britain and Germany to have other ideas.

If Germany chooses to be tough, doesn't it mean that World War I is coming?

Of course, even if the second Moroccan crisis did not become the trigger for the First World War, it is necessary to prepare for it in advance.

The crisis has focused the attention of the three major European powers, Britain, Germany, and France, and has led many countries with other ambitions to use the crisis to advance their interests.

For example, the Italian-Turkish war, the Balkan war, and so on.

It is worth mentioning that the protagonists of one of these two wars are the same, both of which are the decaying Ottoman Turkish Empire.

It is worth mentioning that the Sosaurevo incident, the fuse of World War I, is also related to the Balkan War.

The Balkan Wars were precisely wars between several Balkan countries and Turkey, including Sarajevo's protagonist, Serbia.

After the two Balkan wars, the Balkan states were formed into two camps, opposing each other.

Serbia, Greece, Romania and Mendigoro on one side, and the Entente bloc stood behind it.

On the other side are Bulgaria and Turkey, and behind them stands the Allied bloc led by Germany and Austria.

This can also be seen from the control and influence of large countries over small countries, and the Balkans are also divided into two factions due to the influence of the two major military blocs in Europe.

Since they are divided into two factions, it is inevitable that conflicts will break out between them.

Serbia, one of the Balkan countries, naturally has some ambitions. Serbia wanted to unify the Balkans and create a South Slavic state for the Greater Serbs.

This ambition naturally conflicted with the strategic interests of Austria-Hungary. Bosnia and Herzegovina, which was annexed by Austria-Hungary two years ago, is predominantly inhabited by Serbs and borders Serbia.

Serbia and Austria-Hungary were at odds with each other because of border conflicts, but the small countries could not fight the big ones after all.

As a result, some nationalist young officers in Serbia formed a mafia called Die or Unit.

And this mafia, composed of Serbian officers, was the organization that would supply weapons to the assassins who assassinated Archduke Ferdinand.

It can only be said that the conflicts between the various countries of Europe are connected. Because of the second Moroccan crisis, Jean let Italy start the Italian-Turkish war.

It was precisely because of the Italo-Turkish war that Turkey was exhausted by the war that the Balkan countries formed an alliance and launched the First Balkan War.

Later, due to the uneven distribution of the war and the opposition of the countries behind it, the Balkan countries were divided into two factions.

This, combined with Serbia's territorial expansion in the two wars, gave birth to the idea of creating a greater Serbian Yugoslav state.

This idea clashed with the Austro-Hungarian Empire, and also made some young officers of Serbian nationalism hate the Austro-Hungarian Empire, especially important Austro-Hungarian figures like Archduke Ferdinand, who opposed Greater Sevianism and was hostile to Serbia.

3200 words for the second update, ask for a monthly pass, ask for support!

Today, 10,000 days have been changed to 7400/10000, ask for a monthly pass, ask for support!

(End of chapter)