I'm the Dauphin in France

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 levels are ahead of other European countries, Joseph estimates that after another 3 to 5 years of rapid development, France's overall industrial strength will be unrivaled in Europe.

That’s right, including you, the UK, may be left behind by France by then!
Of course, relying on its vast colonies and years of accumulation, Britain still firmly sits on the position of world hegemony in terms of overall national strength, but it is only a matter of time before France dethrones it.

At the same time, as the dividends of industrial development continue to increase, France’s fiscal problems will surely be thoroughly resolved.

By then, Joseph will be able to lead France to reproduce the glorious achievements made by Emperor Napoleon in history. Moreover, with the wisdom of later generations, he will surely surpass Emperor Napoleon!

Subsequently, Joseph announced that the French Stock Exchange had officially resumed trading - everyone could invest in stocks, the exchange would be open except on weekends, and companies could begin applying for listing.

After the Mississippi incident, French stock trading finally revived in full force!

Of course, in order to allow investors time to familiarize themselves and adapt, only a single-digit number of company stocks will be available for trading for the time being, and the trading volume will be strictly controlled.

The new Stock Exchange Act is in the final stages of preparation, and the Securities and Exchange Commission is also in preparation.

Once these two important tools for stabilizing the securities market are completed, the French Stock Exchange will gradually relax the approval of listed companies and expand the scale of financing.

You have to know that Joseph used all kinds of new concepts of later generations to regulate the stock market right from the start. Situations similar to the US stock market where shell companies defraud investors, or big capital pushes up a certain stock price dozens of times in one day and then sells it and runs away the next day, would never happen in the French Stock Exchange.

The stock market is the "turbocharger" of industrial development. As long as it develops in a standardized manner, it will be of great benefit to industrial construction.

If you want to win the competition in the industrial revolution, you must develop the stock market.

Finally, Joseph solemnly announced that the Bastille was officially renamed "Paris Financial Center". He then pointed to the cannons on the tall walls of the Bastille and said with a smile: "This will be the safest bank and exchange in the world. I believe no robber would want to attack here."

Walsh squinted his eyes as he listened to the deafening laughter and cheers around him.

As a shrewd businessman, he keenly realized that France's monetary policy was 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, which means that if the Bank of England goes bankrupt, the paper pound will immediately lose all value.

However, 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 a full gold standard and the UK's groping gold standard, which was not officially implemented at the national level until 30 years later.

Since arriving in France the year before last, Walsh has been hesitating whether to shift the focus of his business here.

It is true that the UK market is huge, the country is wealthier and the business environment is better.

However, France is on the rise and has strong policy support for the industry. It has recently opened up markets in the Southern Netherlands and North Africa, and with the Seine-Rhine Trade Agreement, which allows access to the German market, France will surely have plenty of opportunities in the future.

Now, he finally made a decision - to choose France.

He turned to look at his wife and smiled, "Perhaps we should buy a French noble title." "Whatever you want." Mrs. Walsh blew on her cold hands and said coquettishly, "But if we don't go to the Royal Palace, we won't be able to buy preview tickets."

"Anyway, the Expo will officially open in a few days, so it won't be too late to go and see it then." Walsh pulled his collar and said, "It's really cold, why don't we go have lunch first. I heard that La Perouse Restaurant has added new dishes..."

"There will be a lot of people when the Expo opens," Mrs. Walsh said unhappily. "You know, there are pavilions from more than a dozen countries to visit. I don't want to be squeezed in with those dirty, unfashionable people."

Walsh couldn't resist the woman, so after the crowd in the Bastille, oh, now it should be called the Paris Financial Center Square, dispersed, 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 stands an iron square tower that is three people tall, with the words "First World Industrial Exposition" engraved on it.

Yes, Joseph had been planning the World Expo for a long time. Finally, after the situation in North Africa stabilized, he officially invited more than 20 countries to come to the Royal Palace to participate in this event.

Of course, on the other hand, because of the large amount of war reparations received from Algiers, the financial obstacles to holding the World Expo disappeared.

Due to the grand occasion of Paris Fashion Week, many countries were quite interested in participating in the event. However, this kind of expo had never been held before, and some countries that were unwilling to spend money still 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 your own good stuff, and that costs money.

In this way, Joseph snatched the glory of the first World Expo from the British more than half a century in advance.

Moreover, compared with the huge amount of money spent by the British in history to build the Crystal Palace as the venue for the World Expo, the funds invested by Joseph were negligible.

(Crystal Palace, UK)

The Royal Palace can be transformed into a magnificent and prestigious venue with just a little tidying up.

There are many unused palaces in France, such as the Louvre and Fontainebleau Palace, which can be used. There is also the Luxembourg Palace in the queue, and this kind of event can just make full use of their value.

On the day of the World Expo, Joseph left a huge surprise for audiences across Europe - that day, 40% of the blocks in Paris would light up gas street lamps at the same time, illuminating the night sky of Paris.

……

India.

North Kannada, the northwestern front of the British and Mysore wars.

The Marquis of Wellesley looked at the "Pa" through the telescope and frowned slightly: "These simple fortresses are really disgusting."

Cornwallis seemed accustomed to it. He shrugged and said, "This is just your first time facing this thing, but I have already 'chewed' more than 20 of them. Oh, according to the information I have received, there are at least 50 more to come."

"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 spread a huge net to capture Tip, so that the beast cannot escape."

(End of this chapter)