sultan's crescent

Chapter 28 Put it right
Hearing the sultan's question, Abraham didn't intend to panic.

He unhurriedly put down the document in his hand and replied.

"Your Majesty, the empire's silver mines are indeed continuously producing a large amount of silver, but this is not enough to maintain the empire's coinage needs.

When your uncle was still in power, the silver content of the Kurus silver coins had dropped by [-]%. At that time, after the war, in order to stabilize the empire's finances, the currency had to be devalued.

But this is not a long-term solution. You did lead the empire to victory in this war, but the entire Romania region has become a white land, which undoubtedly reduces the income of the empire.

At the same time, the war caused a large number of Romanians to flee.

These refugees continued to flow to Bulgaria, Serbia, Greece, and Anatolia. Post-war reconstruction, refugee resettlement, and military expenditures made the empire's financial burden even heavier.

It can be said that until now, the financial system of the empire has not collapsed, and the crisis has not been resolved by currency devaluation, precisely because of the national debt issued by Your Majesty.

These funds effectively saved the empire's finances, but it also gave me an idea.

We save money by giving notes, and raise money by issuing bonds, why don't we turn these papers directly into money?

In this regard, I have consulted a large amount of information, and this idea is indeed feasible. "

Perhaps because of a little excitement, Abraham, who had been talking at length, stopped at this moment.

After drinking a few sips of water, he frantically rummaged through a pile of books, and finally took out a few pieces of paper and a stack of materials.

"Your Majesty, please look, this is a 1725-pound bank note issued in 20, which is also the smallest denomination in this batch of bank notes. The denomination of subsequent bank notes will increase by 10 pounds, up to 90 pounds.

However, the denomination of these banknotes was too fixed to meet the needs of use, so the Bank of England at that time allowed the chief cashier to manually modify the denomination, which was considered an improvement.

And this one is a 1759-pound bank note issued by the British in 10. Compared with 1725, this is the first bank note below 20 pounds.

At that time, the British government issued this bank note due to the shortage of gold coins in circulation due to the Seven Years War.

At this point, I think with His Majesty's wisdom, you have already understood what I mean. "

Selim didn't speak, but remembered his previous life.

"Perhaps, the process of history may be like this. No matter whether you are a prince, general or a commoner, when the general trend comes, no one can stop it."

Selim laughed at himself in his heart, nodded.

"Dear Abraham, of course I understand what you mean, but are you sure you can be recognized by others?" Selim asked.

"Your Majesty, I don't think it is difficult. The British have a vast colony, which provides them with sufficient markets and raw materials. The rapid accumulation of funds has given the Bank of England a good reputation.

In contrast, the empire does not have such conveniences. Our population is too small, our land is not fertile enough, and the entire Arabian region plus Egypt is not as good as the British India.

But what if we only develop the area of ​​Constantiniya?

The coasts of the two seas are always the essence of the empire. As long as the coasts of the two seas are developed first, the rest of the empire will quickly become markets and raw material producers.

At this time, the imperial government with sufficient capital is the most powerful credit guarantor of the Imperial Royal Bank.

We can issue small bank notes like one pound, five pounds, or even more boldly, issue bank notes like shillings and pence. "

Just as Abraham was about to continue his brainwashed rhythm, Selim stopped him,

"Abraham, maybe you still want me to order the purchase of gold and silver throughout the country, restrict people from exchanging gold and silver coins, and use the printing of bank notes to take away the property of the empire's people in an imperceptible way. This is what you plan to use to persuade My reason."

Obviously, Abraham was puzzled by the sultan's words.

After all such painstaking efforts, even if Abraham, as the vice president, can get it, it is only a small head, and the big head is given to the Sudan.

Abraham did not understand why the sultan would show mercy in such a place, which was totally out of character for him when he dealt with Janikli.

It's like a king who killed all the princes all the way, just to ascend to the throne, but stopped in front of a weak little girl.

Seeing Abraham's puzzled gaze, Selim got up and left the office.

"Just do as you say, Abraham, the government and I will provide you with sufficient support."

He was already a sultan, so he should put himself in the right position. Selim stepped up to the steps, abandoning the unrealistic fantasy that had always been in his mind.

Going down to the first floor, Jacob, who had been waiting by the stairs, immediately greeted him.

"Your Majesty, please come with me."

The two immediately walked into a compartment, and the Venetian was sitting in it, looking uneasy.

As soon as he saw Jacob, the Venetian immediately asked: "You promised me, friend, you said you would let me go when you got the money and the goods, I can now..."

Before the Venetian finished speaking, he caught a glimpse of Selim walking behind Jacob, and suddenly sat down on the ground in fright.

"Listen, Alexander, His Majesty the Sultan still needs a little help from you. Get this done. Thessaloniki and Constantiniya will prepare the docking area for your fleet at any time in the future."

"What's the matter? Jacob, you know that it is the supreme honor of every Venetian to serve the great Sultan. For me, this is an irresistible temptation."

"The British invented the steam engine and the new spinning machine. You should know something about it, Alexander."

"Oh! Jacob, don't let the Sultan be fooled. The spinning machine is indeed quite useful, but the steam engine is just a toy that blows air."

Hearing Jacob's report, Selim couldn't help covering his face.

"What the hell? How did this guy get into the royal businessman of the Governor of Venice? It's so easy to use through the back door?"

While complaining in his heart, Selim recalled the role of the steam engine in the original time and space.

In fact, the Venetians cannot be blamed for this, because these people usually sell whatever they want to make money.

During this period of time, the first industrial revolution was still only taking place in parts of Western Europe centered on the United Kingdom.

The Central European region is still barely able to access it. Like the Ottoman Empire, there is really no demand.

However, Selim no longer wanted to waste time explaining. After explaining the purchase requirements, he was escorted back to Topkapi Palace by the guards arranged by Jacob.

Sultan is in a bad mood, and Ali Pasha seems to have not sent the money to his hands, so let him vent his anger on you.

　Let’s talk about steam engines. Since the late 18th century, steam engines have been widely used not only in the mining industry, but also in smelting, textile, machine manufacturing and other industries.It increased the British textile production by 20 times in more than 1766 years (from 1789 to 5), provided a large number of consumer goods for the market, accelerated the accumulation of funds, and put forward urgent requirements for the transportation industry.

　　Finally, ask for follow-up and collection
　　
　
(End of this chapter)