Harry Potter Morning Light

Three years after Palms Church's innovation began, 400,000 copper coins were deposited at the Stockholm Bank in Sweden, and soon the bankers came up with another innovation, thinking it was a good time to start making loans.

Stockholm banks began lending money to companies to finance inventories of tar, salt, and sugar. For the nobility, banks began to guarantee loans with various forms of collateral. Land was the most common collateral, but some Unconventional loans appeared, such as a woman borrowing 2,700 copper coins with a silver candlestick, or a nobleman borrowed a sum of money on the honor of one or more people.

For a time the system worked well, the nobles enjoyed cheap credit and their lives were more comfortable than before the loans, the merchants were able to borrow money to invest in the future, and when business prospered they could no longer rely on freedom Savings to expand business, but through Stockholm Bank, relying on other people's savings to achieve the purpose of expansion.

But in fact, there is not as much money in the bank as people think, or copper coins, but Palms Church can continue to print notes, and holders can redeem Swedish dollars according to their own wishes.

If people in the Song Dynasty in China saw it, they would definitely know that there was something wrong with it, but no one in Europe at that time thought it was wrong. Swedish paper money was so popular in the 1760s that even Palms Church was slow to print it, and it was soon being traded in Amsterdam, London, Paris and Venice.

Since Swedish banknotes did not need to be backed by copper holdings, the bank rapidly expanded its loans and opened many branches. This continued until 1663, when a depositor told the bank that he wanted to withdraw 10,000 swedish dollars. 4000 swedish round up.

Stockholm bank notes started trading at a discount as rumors began to circulate that "the bank couldn't pay depositors on time", "it was about to collapse", "the bank was hiding some truth" and so on, making people even more eager to get them back money, a bank nightmare—a run happens, and then suddenly the paper money is not worth as much as it used to be, and it takes more paper money to buy back as much herring, lumber as before. The government, too, grew concerned and ordered Palms Church to call back the loans so the banks could pay depositors.

This is not an easy task. The Prime Minister of Sweden first objected, because he or the Swedish royal family and the government are the largest borrowers of the bank. After some debate, Congress decided not to dissolve the banks for the time being and to call back some of the loans. This did not have a positive effect. Those businesses that were accustomed to borrowing to maintain operations could not obtain loans, and a severe economic recession ensued.

When Doerr borrowed money everywhere and caused the stock price of the Bank of New York to skyrocket, several members of the Livingston family wanted the stock price to fall. The reserves are gone. At this time, the Bank of New York did not dare to issue excessive bank notes. In short, they began to call back loans. In other words, they started a round of credit contraction, and the interest rate soared to 1% per day.

This was a devastating blow to Doerr and the people who lent him money. To make matters worse, the audit found that Doerr was responsible for the lack of $238,000 in the account of the Finance Department. Ordered the Treasury Department to prosecute Duerr for the sum.

Doerr wanted to borrow money to fill the hole, but people who a few weeks ago would have been eager to throw money at him now wouldn't lend him a dime, and eventually the stock bubble burst and Doerr's bankruptcy spread to New York The others, they fell one by one like dominoes. The total value of the speculators' losses this time was $5 million, equivalent to the total value of real estate in New York.

New York is surrounded by sea water on all sides. In the earliest days, residents of New York drew water from wells, some dug by private individuals and some by the government. However, by the end of the 18th century, these wells were polluted by waste and increasing urban sewage. People could afford drinking water brought in by water dealers from outside the city, but others had to resign themselves to the fate of typhoid and cholera.

Government officials in New York City soon realized that if the water problem could not be effectively solved, the further development of New York would be severely restricted. So in 1796, Dr. Joseph Brown suggested that the municipal council apply to the state legislature to establish a water company. Brown happened to The brother-in-law of Aaron Burr of the New York State Hospital, who wanted to start a bank that he could control, or at least exert influence on.

But Burr's messy finances prevented him from getting a banking charter from Hamilton, so he came up with the idea of ​​using the Water Company's license to actually allow the company to open a bank.

This clause is hidden very deep. In short, the shrewd Hamilton was deceived. Burr quickly set up a bank, but the tap water was completely missing. Finally, after all kinds of twists and turns, he built a simple water supply system, which passed about 25 miles. The wooden pipes that supply water to thousands of households are thickly tarred inside and out for anti-corrosion.

It has never been clean and hygienic, and of course the company has never really put its mind on water. Aaron Burr ran for president in 1800, but instead of throwing a party to raise election funds like Henry Shaw did, he took out a loan from the water company, and that year he became vice president.

At present, the capital of the United States is in Washington, but Jefferson supported New York as the capital. For the location of the capital, Hamilton and Jefferson had a dispute. In fact, before the founding of the United States, New York was very prosperous, and then there was Philadelphia. Many commercial centers, these two cities have been the capital of the United States, and even Philadelphia has a mint. It was precisely because Jefferson agreed to move the capital from New York to Virginia that Jefferson agreed to support Hamilton in establishing the National Bank of the United States.

Washington in 1790 was an uninhabited area, so it was easy to plan. The planner of Washington at that time was the Frenchman Pierre Langfont. The original plan was free of charge, but in 1792, the engineer who used to survey the boundaries of the new capital revised Long Fang's plan. Soon Washington dismissed Long Fang and used Ellicott's new capital plan as a blueprint for construction.

Longfang was a member of the Freemasonry, and their "clubhouse" was at the Holland Inn. At that time, sacred geometry was used when designing key buildings such as the Congress and the White House, which means that the entire Washington DC is a giant magic rune, which he believes can protect the city.

However, the final design was the Kabbalah Tree of Life. Angry Pierre decided to ask the Congress to pay for the labor service, but the Congress did not pay Lang Fang a penny.

The capitals of many countries will eventually become very prosperous. Like Paris, which has been renovated countless times, it has long been completely different from the original Paris.

Hundreds of years later, Washington has not changed. Many scholars have analyzed many reasons, but it may be the simplest. They just don’t want to destroy the magic circle in the early stage of construction planning.

"Oh, how is this possible?" Bolivan exclaimed.

"Don't be so ignorant," Francis told him, and the others laughed again.

Georgiana shook her head, then asked, "Is Aaron Burr's water company listed in Europe?"

"No, but don't worry, we have an 'old friend' who opened a shipping business in New York." The Nantes banker pretended to be mysterious.

"Gabriel Houfral?" Perrier asked.

He looked at the young man with dissatisfaction, as if he felt that he had interrupted himself to show off.