Medieval Reiki Revival

Chapter 87 Changes in the World
The Dowling family has always had a fleet trade, and the investment is not low.

Because the annual repair of the hull, the employment of sailors, and the salary of the captain are not small amounts, and the current ocean-going navigation technology is poor, and encounters wind and waves from time to time.

Occasionally, if you are unlucky, a whole ship of goods may be wiped out.

In the past few years, Baron Dowling has been gritting his teeth and saving money to support the continuous expansion of the fleet under his name. From the captain, the first mate, down to the sailors and deck nails, he has to take care of every detail. , he would ask the captain to inquire about the living habits of the local people.

It is with this unremitting and enterprising spirit of struggle that Baron Dorian was able to make the small family of the Dorian family into one of the richest families in Luzpittburg.

Hardworking and enterprising.

It's something he's always been proud of.

So when he heard that the boat was gone, it was like a thunderbolt hitting his head.

Baron Dorian couldn't believe it at first, and when the news from outside came back one after another, he himself looked at the front sadly and aimlessly, and then unimaginable grief and loss came to his heart.

Most of my life's efforts go to waste, no one can stand it.

The baron was almost fainted.

Before he passed out, the last words Baron Dorian said were: "Don't tell, Ivan."

Butler Simmons and his wife followed his orders.

No one took the initiative to tell Ivan.

People are afraid of him.

The main route of the family fleet is from the Port of Dunkel to the Port of Thames, mainly exporting some porcelain, luxury goods, silk, and wine, and sometimes detouring to Southampton to purchase raw materials from some enclaves that are relatively close to the Europa continent .

Logically speaking, Espania's business is prosperous and there are many laws related to trade. The local customs will not confiscate a person's fleet out of thin air, and at most they will only impose fines based on prohibited materials.

In the past, Espania accepted all raw materials and commodities. They believed that the ingenuity of the Jeffersonian nation could convert them into the wealth of the country, and they also had the courage and capital to make mistakes.

The development of coal and iron exploration technology, the promotion of agricultural technology, metal rotation, and the discovery of a large number of overseas enclaves.

The residents of this island country have really lived a good life for a period of time, and are so rich that even the parliament has the energy to manage the poor who cannot eat in the country.

But this moment, that moment.

Now the poor and crazy Espanian government has developed means of confiscating the property of foreign businessmen.

And there is no shortage of local residents huddling together to keep warm and scrambling for food.

The cause of everything is the financial crisis.

It may sound alarmist. Before the industrial revolution, people’s financial activities could not be as close as those in the Internet age, but everyone knows how to follow the drums, and it is nothing more than a longer time and a slower speed.

It takes three years to make a soap bubble full of the smell of tulips, but it only takes a moment to pop it.

As long as there are fanatical speculators, illegitimate financial products, and unrestricted stock trading markets in the world, financial crises will appear in human society again and again like a periodic plague.

It started like this.

After the death of the previous king, the treasury was empty. In desperation, King William of Estonia invited John Law to be the Chancellor of the Exchequer.

John Law founded Universal Bank - a bank that, in addition to conducting savings and loans like a regular bank, had a unique function, which was to issue currency.

Under the reform of John Law, the Estanian monetary system instantly transitioned from the era of precious metal currency to the era of paper currency, which invisibly eased the outflow of heavy metals and promoted trade.

The government stipulates that banknotes are legal tender.

The entire country began to circulate paper money denominated in "pounds".

Therefore, the general bank has a very important position in the financial world. It can not only issue more currency, but also adjust interest rates to guide the economy.

The king and parliament, seeing its potential power, annexed it without hesitation.

But this harmed the interests of the financial capitalists headed by John Law—it can be said that John Law spent a lot of thought on this bank, and behind it were financial capitalists Medici, Rothschild, Darius, etc. Dangto and other families help.

Although they can't fight against the Espanian government on the surface, they have a lot of methods behind the scenes.

John Law felt the sadness of the end of the bird, and he was unwilling to end it, so he became the agent of the financial family's revenge method as a matter of course, and put a lot of energy into the company he established a year ago. Company, the "Mississippi Company".

In compensation for his services to the Crown, John Law had some small privileges.

At the same time, in order to get more benefits, the greedy council decided to hand over part of the enclaves in the south to the Mississippi Company. Some enclaves are just wasteland, and the most ridiculous thing is that even the officials gave them to John Law for management. The names are spelled wrong.

They probably don't want to see these barren grounds, how long it will take to develop them into plantations.

Unexpectedly, John Law accepted the task.

But the early colonization required a lot of capital investment, and the stingy parliament would naturally not choose to spend money on such worthless projects, so poor John Law could only choose to issue shares for financing.

Different from general company stocks, Mississippi company stocks have a very special trading mode, that is, treasury bonds can be used to directly purchase equivalent stocks of the company.

100 pounds of treasury bonds can only be exchanged for 50 pounds in the market.

The stock of the Mississippi company has been rising in value due to the help of the financial family.

At this time, almost all the people who held national bonds walked into the exchange, exchanged their bonds for Mississippi stock, and then waited for the stock price to rise with relief.

The buying momentum in the market is getting stronger and stronger, and the stock price has risen all the time.

Soon a new speculative game appeared in the market. A businessman bought a 50-pound national bond at a price of 100 pounds from a relatively remote area with no information, and then went to the exchange to exchange it for 100 pounds worth of Mississippi company shares. .

Even if the stock does not rise, the businessman can make a profit of 50 pounds.

Under the hype of all parties, the stock market value of the Mississippi company continued to rise.

In order to satisfy the market, John Law continued to issue new shares.

Under the repeated cycle, the company's stock finally rose to a terrible height, and the price per share reached 9000 pounds.

At the same time, Congress and the royal family were once again eyeing the Mississippi Company. They wanted to "serve the king" to get John Law to sell the company at a price far below the market price.

John Law agreed, cashed out and left.

Parliament and the royal family get a dynamite bomb.

These people don't know it when they are about to die, and they think happily about how much profit they can make.

"Up, up, up!"

The frenzied cries of the people took the place of reason.

The newly appointed Chancellor of the Exchequer decided to issue additional currency in order to boost the stock price again.

Black Friday is finally here.

Inflation finally came to Espania after a very short lag period after a large amount of money was issued.

Previously, some economists expressed doubts about the value of Mississippi's stock, but the rise in prices brought about by inflation directly sounded the alarm for the general public.

As public confidence was shaken, stock prices began to plummet in just one month.

The gentlemen of the parliament tried their best to restore the confidence of the people, but the voices of these people were quickly drowned in the roar of the people.

The Espanians, who lost their fortunes in the stock crash, decided that John Law and Parliament were the top liars.

John Law left, but the MPs couldn't tell.

Each of them lost a lot.

Looking at the speculators who committed suicide in front of the stock exchange, most of the congressmen felt the same way.

Some colleagues have even followed suit.

But more importantly, they had to deal with the collapse of the business order after the financial crisis.

People suddenly found that they couldn't buy anything.

After the stocks were locked up, the debt became an extremely significant burden. People in the city lost information about their future life. In addition, malicious people spread rumors, malicious hoarding of food, and merchants who refused to pay on time abound.

The best way is to revitalize the market economy with a large amount of capital.

But Espania offended the finance capitalist family.

No one wants to lend them money.

Industrial production fell by half the following month, but inventories rose and no one bought them.The textile industry, metallurgical industry, and coal industry all shut down and cut production on a large scale, and prices fell sharply.At the same time, personal injured assets began to shrink, house prices and stock prices began to plummet, which made the middle class suddenly reduced to the poor.

Once the sales volume of commodities decreased, the cost of commodities had to be reduced by laying off workers.

Workers are unemployed and have no money to buy products.

In this way, the overall shrinkage of purchasing power is caused, and the result is that the industrial workers become poor, and the peasants are also poor; and the poverty of the peasants, in turn, deepens the poverty of the industrial workers.

Many high-quality companies closed down due to lack of financing, and a large number of employees lost their jobs.

There are many beggars with ragged clothes and delicate skin in London.

Some of them may have lived in a beautiful building a few days ago, living a decent gentleman's life.

Poverty makes people extreme.

Some local officials and residents aimed their anger at the outsiders.

The fleet of the Dowling family became a victim. The goods inside were looted by unemployed workers, and even the ships were confiscated by the customs department under the pretext of violating relevant regulations.There are more than one family in a similar situation to Lord Dorian.

On the other side, Prince Condé's battle went very smoothly.

The naval commander Corycord attacked the southern region of Lusitania. The enemy's marshal had no idea that an army would come from the sea.

The army, which traveled with the navy, went out to sea and continued to go ashore to harass.

Coupled with the cooperation of Frankfurt's mercenaries, the front line was expanded several times without any effort.

Due to the tight frontline, Lusitania can only organize militias to deal with it. Militias without combat capabilities can only defend in groups at best.

Logistics became a big problem.

Rocroix had an unusually cold spring and frequent frosts in May, which prevented or slowed the growth of pastures and caused the horses to become sick or so weak that they were not ready for battle.

Unless there is enough forage, the general cavalry will not attack in the battle.

Moreover, after the strategic point is determined, the collection of food for the invading army itself is more difficult.Moreover, the funds sent to Madrid were not enough to buy new horses and saddlery for the cavalry, or even enough bread to provide the phalanx with enough bread that the soldiers began to plunder the perimeter.

The temporary commander, Frederick, failed to stop the rumors, making the frontline Lusitanias know that the rear was suffering, and their fighting spirit was not as good as before. The former commander lost the command of the army because of the internal struggle in the Lusitania court. Qualifications.

Even Frederick hesitated.

The battlefield is not a game, there is not so much time to make mistakes.

The experienced Prince Condé quickly realized the wavering of the enemy.

One afternoon he himself led the Franchite cavalry, musketeers, and pikemen into the plain and quickly took battle positions.

In order to prevent Francite from bypassing his army and going directly to Rocroi, Frederick spread his troops over a front line of more than 1000 meters, which made it difficult for the troops to cooperate and support each other.

The end of the battlefield means the end of the war.

Francett cheered.

The news of victory spread from the north to the south. As soon as they heard the news, the residents of Luzpittburg jumped up for joy. The young people waved their hats and jumped on top of the mill, imitating the shape of a trumpet to convey the good news. to others.

The joyous mood instantly spread to every place up and down the city.

People are not stupid.

Even if you are not happy for the victory of the motherland, you must be happy for your own life.

The war is over.

Agriculture and industry can be carried out normally.

Farmers don't have to worry about looking at the scorched earth, and businessmen can travel freely.

Soon the days when most people could afford to eat will be back.

"Long live the king."

"Long live the prince."

"Long live Francett."

The beggar looked at the newborn sun expectantly and tightened his belt.

But is the war really over?

(End of this chapter)