Chapter 434 World Industrial Expo
Strong financial support can in turn promote the construction of industry and new land.
As France's industrial technology, policies, and financial level are all ahead of European countries, Joseph estimates that after another 3 to 5 years of rapid development, France's overall industrial strength will dwarf the whole of Europe.
That’s right, everyone including you, the UK, may be left behind by France by then!
Of course, Britain still maintains its position as the world hegemon in terms of overall national strength, relying on its huge colonies and accumulation over the past many years, but it will be a matter of time before France overthrows it.
At the same time, as the dividends of industrial development continue to increase, France's stubborn financial problems will also be completely resolved.
By then, Joseph will be able to lead France to recreate the glorious achievements achieved by emperors in history. And with the wisdom of future generations, he will definitely surpass Nahuang!
Later, Joseph announced that the French Stock Exchange has officially resumed trading - everyone can invest in stocks, the exchange will be open except on weekends, and companies can start applying for listing.
After the Mississippi incident, French stock trading was finally revived in full force!
Of course, in order to allow investors time to become familiar and adapt, only single-digit company stocks can be traded for the time being, and the trading volume is strictly controlled.
The new "Stock Exchange Law" is in the final stages of preparation, and the "Securities and Exchange Commission" is also in preparation.
When these two important tools for stabilizing the securities market are completed, the French Stock Exchange will gradually liberalize the approval of listed companies and expand the scale of financing.
You know, Joseph used various new concepts from later generations to standardize the stock market from the beginning. It is similar to the situation in the U.S. stock market where leather companies defraud investors, or where big capital raises a certain stock dozens of times in one day and then sells it and runs away the next day. It will never appear on the French Stock Exchange.
The stock market is a "turbocharger" for industrial development. As long as development is regulated, it will be of great benefit to industrial construction.
If you want to win in the competition of the industrial revolution, you must engage in the stock market.
Finally, Joseph solemnly announced that the Bastille was officially renamed "Paris Financial Center". Then he pointed to the cannon muzzle on the tall wall of the Bastille and said with a smile: "This will be the safest bank and bank in the world." Exchange, I believe no robber would have any idea of this place."
Walsh couldn't help but narrow his eyes as he listened to the deafening laughter and cheers around him.
As a shrewd businessman, he was keenly aware that France's monetary policy was already superior to that of Britain.
The simplest point is that the exchange of pounds for gold can only be done at the Bank of England. That is to say, if the Bank of England fails, the paper currency pounds will immediately lose all value.
The franc is guaranteed by the French state. Even if the French Reserve Bank disappears, the French government will find other ways to maintain the value of the currency.
This is the difference between the complete gold standard and the British groping gold standard. The United Kingdom did not formally implement the gold standard system at the national level until 30 years later.
Since arriving in France the year before last, Walsh has begun to hesitate whether to shift the focus of his business here.
It is true that the UK market is huge, the country is richer, and the business environment is better.
However, France's upward momentum is very strong, and its policy support for the industry is extremely strong. Recently, the markets of Southern Netherlands and North Africa have been opened up. Coupled with the "Seine-Rhine Trade Agreement" that can enter the German market, France will definitely have a lot of opportunities in the future.
Now, he finally made a decision - choose France.
He turned to look at his wife and said with a smile: "Maybe we should buy a French noble title." "It's up to you." Mrs. Walsh held her cold hands and said coquettishly, "But if we don't go to France, You can’t buy preview tickets at the Palais Ayr.”
"Anyway, the expo will officially open in a few days. It won't be too late to go and see it then." Walsh said and pulled up his collar, "It's really cold. Why don't we go have lunch first. I heard La Pérouse restaurant has added new dishes…”
"There will be a lot of people after the expo opens." Mrs. Walsh said dissatisfied, "You know, there are more than a dozen countries' pavilions to visit, and I don't want to be crowded with those dirty and rustic people. "
Walsh really couldn't win over women. After the crowd dispersed in the Bastille, oh, it should be called the Paris Financial Center Square now, he drove to the Palais Royal.
This former residence of the Duke of Orleans has been empty since it was confiscated. At this time, in front of its main entrance, there is an iron square tower that is three people high, with the words "First World Industrial Exposition" engraved on it.
Yes, Joseph has been planning the World Expo for a long time. Finally, after the situation in North Africa stabilized, he officially sent invitations to more than 20 countries to come to the Palais Royal to participate in this grand event.
Of course, on the other hand, because Algiers received a large amount of war reparations, the financial resistance to hosting the World Expo disappeared.
Due to the grand occasion of the previous Paris Fashion Week, various countries were somewhat interested in participating. However, this kind of expo has never been held before, and some countries that were unwilling to spend money declined. In the end, 12 countries decided to participate.
After all, this is different from fashion week. You have to send a delegation and bring the stuff you can get, and this is all money.
In this way, the aura of the first World Expo was snatched away from the British by Joseph more than half a century in advance.
And compared with the huge sums of money spent by the British in history to build the Crystal Palace as a venue for the World Expo, Joseph's investment was minimal.
(Crystal Palace, UK)
The Palais Royal is just a casual decoration, and it is a luxurious and respectable venue.
There are many unused palaces in France, such as the Louvre and the Palace of Fontainebleau. There is also the Luxembourg Palace queuing up behind, and holding such a grand event can bring out their value.
On the day of the World Expo, Joseph also left a huge surprise for audiences across Europe - on that day, 40% of the streets in Paris will light up gas street lights at the same time, lighting up the night sky of Paris.
…
India.
North Kannada, British and Mysore's North-Western Battle Front.
Marquis Wellesley looked at the "Pa" in the telescope and frowned slightly: "These simple fortresses are really disgusting."
Cornwallis seemed to be used to it. He shrugged and said: "This is just the first time for you to face this thing, and I have already 'gnawed' more than 20 of them. Oh, according to the information I got, there are at least more in the future. More than 50 seats.”
"I will think of a way to deal with this thing." Marquis Wellesley put away the telescope, a cold look flashed in his eyes, "Then I will open a huge net to capture Tip so that the beast cannot escape."
(End of chapter)