Chapter 1523 Gold Standard

Style: Historical Author: Old foggy pipeWords: 2316Update Time: 24/01/12 11:41:18
At this moment, Britain, inside Buckingham Palace.

Britain's House of Lords also sits here, with George III at the head.

Others took their seats in turn.

Most of the MPs were British aristocrats. They were well-dressed and looked noble.

The conference hall seemed to be resplendent with their arrival.

But with one exception, sitting under the Minister of Finance was a ragged creature with long hair that could be called a primitive savage.

In stark contrast to these glamorous congressmen, everything about his existence seemed out of place.

Originally, these congressmen ignored his existence.

They believe that their noble status as members of parliament has always been a symbol of nobility, and sitting with such a guy is simply an insult to them.

But they had to accept this fact.

Because of this person's specialness, they must sit and sit with him.

They looked at him with some pity.

But this man's face was as ugly as eating bitter melon.

King George III looked at the congressmen who had arrived today and started the meeting agenda. He was the first to speak and asked: "Regarding the formation of the Dreadnought-class fleet, Commander of the Navy, how are the preparations going?"

The naval commander who was asked raised a brow on his old face, snorted coldly, and said calmly: "You have to ask the ministers of the Ministry of Finance."

"Why hasn't it been finalized yet? Haven't they already come to negotiate with us about Long Yan's giant steam engine?"

After hearing these words, George III's eyes fell on the Minister of Finance and asked: "What's going on with the Minister of Finance?"

"The Dreadnought-class battleship is our top priority in Britain right now."

"This is directly related to our struggle for hegemony at sea!"

"Don't forget, Long Yan's fleet is much stronger than us now."

As soon as these words came out, everyone in the audience looked unhappy.

Although the British fleet did not have a head-on confrontation with the Longyan fleet, they witnessed it countless times.

How could the French fleet be vulnerable to the Dragon Flame fleet?

Britain, which claims to be the overlord of the sea, was a little frightened after seeing this scene.

Fights between warships are often the simplest competition of technological level.

Britain believes that they have fleet artillery that is not weaker than the Dragon Flame Army.

But the giant steam engine that is the core of the battleship, since they saw the speed of the Longyan supply ship, they no longer dare to claim to be the best in the world.

Although they didn't know the tonnage of the supply ship, they had all seen it before.

With such a volume, the tonnage will definitely not be too low.

It was simply a miracle that Long Yan's giant steam engine could move such a huge supply ship at high speed.

So they are eager to get Long Yan's giant steam engine and develop a more powerful battleship.

Britain's top brass named the Dreadnought-class battleship.

The Finance Minister, the most powerful minister second only to the British Prime Minister, was facing the gazes of all the members of the Parliament, his face was ashen.

He said solemnly: "This matter is not that we don't want to trade with Long Yan, but that there is no precedent for such a large-scale transaction between countries."

“The plan we came up with is to trade directly with silver, just like private organizations.”

"But looking at it now, the silver we need to pay is too much. There is a lot of this kind of thing in Long Yan Country, and silver is not that valuable."

"They can't use silver to convert it into Dragon Flame currency, they will be destitute."

"But in our Britain silver is hard currency."

"If we use gold, Long Yan will suffer a lot of losses, so we haven't discussed a good way yet."

After everyone heard this, they were helpless.

Nowadays, transactions between countries follow the silver standard system.

Gold has been very rare since ancient times and is rarely used as currency, but many countries only provide exchange rates.

But you can't exchange it for gold at this exchange rate.

Therefore, everyone generally uses silver with lower reserves and lower value as currency.

That is, the silver standard uses the exchange rate of silver to determine what price the country's currency should have.

In other words, one tael of silver can buy fifty dan of food in Long Yan Kingdom.

But in Britain, one tael of silver might buy you only twenty dan of grain.

It's the same one tael of silver, but the exchange rate is different, which leads to a huge gap.

But such a system does not apply to transactions between countries.

There is often a huge gap between the gold and silver exchange rates in their own countries and the exchange rates in trading countries.

Moreover, the value of silver, since the Industrial Revolution, has been used in too many places.

Therefore, the price of silver will surge and fall to varying degrees among countries.

It is basically impossible to trade with silver now.

This also leads to a long period of wrangling every time a transaction is made, and the transaction even needs to wait until the direct exchange rates between the two countries are close.

But we can't wait now.

The preparations for the Dreadnought-class battleship have reached an imminent time, although Britain is now at odds with Longyan and the friction has reduced.

But the French fleet was now afloat and the war was not over yet.

If Britain wants to end its battle for maritime hegemony with France quickly, Britain must have a strong enough fleet.

“Then why not trade in gold?”

A voice broke the silence of the British Parliament.

Everyone looked at the congressman who spoke. It was the slovenly Newton congressman from before.

He said this with no expression on his face.

The finance minister looked unkindly at Newton, who was a member of the parliament but also his subordinate.

However, the Minister of Finance has never been able to have a good impression of this subordinate who is only in his name.

As for the reasons, they are the same as those of most congressmen, if anything, they are different.

The Finance Minister was even more fed up with Newton, who was idle and never worried about himself.

"Haha, this is the funniest joke I've ever heard in my life."

The Finance Minister sneered.

There was also a hint of sarcasm on the faces of others.

George III looked at Newton with a complicated temperament and wanted to say something, but he had nothing to say.

In his opinion, Newton was definitely the smartest man in Britain, and his theories led Britain to greatness.

Many inventions in Britain were improved by his knowledge.

But this guy only does research and experiments.

The reason for recruiting him was to help him solve his problems.

But Newton never cared about the issues and didn't even attend parliament.

George III tolerated this.

But now he was talking wildly about how to trade gold. George III could only say helplessly: "Congressman Newton, don't make such suggestions again."

"Gold is more important than silver."

Newton looked at George III and said doubtfully: "Who said we should trade with gold? What I mean is that Britain's currency is equal to gold and traded with gold."