Rise of Empires: Spain

Although Gram has been brought in, electrification is far from enough just relying on Gram.

Spain must have sufficient mid-range talent reserves in electrification and internal combustion engines to promote the development of the second industrial revolution in Spain.

The most serious problem in Spain at present is that there are too few middle- and low-end talents, and illiterate people account for most of the population.

Before Spain can cultivate its own talents, the best way is to constantly poach employees from European countries.

But before that, the most important thing is to make sure you have enough funds in your wallet.

The time came to August 1870, four months after the establishment of the Royal Union Bank.

Carlo finally paid attention to his money bag and asked Butler Lauren about the development of the bank.

Butler Loren was well aware of the development of the bank. After hearing Carlo's inquiry, he quickly replied: "Your Majesty, our bank has experienced development in the past four months and has now become one of the largest banks in Spain.

We have already opened branches in Toledo and Valladolid, and we have expanded to two banks in Madrid.

At present, our total number of depositors has exceeded 57,000, with total savings of approximately 46.12 million pesetas and per capita deposits of 809 pesetas.

The bank's next expansion plan is to build at least one branch in regional capitals such as Seville and Barcelona to become the largest bank in Spain. "

Carlo nodded.

With the help of the nobles, Royal Union Bank is developing very rapidly.

There are currently 57,000 depositors. Who would have thought that this is a bank that was founded just four months ago?

When the branches of the Royal Bank are opened in the capitals of every region, the number of depositors of the bank will usher in a major expansion.

However, per capita deposits will definitely get lower and lower. After all, the income of most people in Spain is still relatively low.

The reason why per capita savings are still above 800 pesetas is that there are too many aristocrats and middle class people who save. It has increased the number of per capita deposits.

After a large number of civilians start depositing money in the Royal Bank, the income level of ordinary people will be clearly visible.

What makes Royal Union Bank more attractive to Spaniards than other banks is that the word "royal" unites the entire aristocratic class.

Regarding Carlo's own credibility, this is more convincing than those of private banks.

Carlo himself also teamed up with several big nobles to make a promise to exchange at any time, and said that with the royal family, the Royal Union Bank would not go bankrupt.

Bank bankruptcy has always been a controversial topic. People were worried that the bank would go bankrupt, so they rushed to exchange their deposits from the bank.

However, such a run will cause a bank run crisis that originally had no problems, and may lead to bankruptcy.

After all, the way banks work is to form large sums of money by collecting deposits from depositors and then investing them in exchange for income.

These revenues will be used to pay depositors' interest and the bank's operating costs, and the rest is the bank's income.

This also means that it is impossible for a bank to pay all depositors' deposits at the same time. When the deposits that need to be exchanged exceed the bank's existing funds, a crisis will erupt in the bank.

How did the capitalists solve it?

Declared bankruptcy.

In this era, there were not as many guarantees as in later generations. After the capitalists declared bank bankruptcy, most depositors basically could not get their deposits back.

Only a small number of powerful nobles and politicians can get their funds back, or even get an extra share. This is the privilege of the upper class.

This is also the reason why the lives of European civilians in this era are very miserable, because they cannot escape the oppression of capitalists. They spend their whole lives working as cows and horses, and finally end up dying early in their thirties or forties.

"How is our steel plant doing now?" Carlo continued to ask.

Currently, the two most profitable enterprises in Carlow are the Royal Union Bank and the integrated steel plant.

Finance and industry are definitely the most profitable businesses in this era, and Carlo certainly will not ignore the income brought by industry.

"After the integration, we have become the largest steel factory in Madrid, with currently 1,453 workers and an average weekly salary of about 3 pesetas." Loren continued to answer.

Spain is not strong in industry. It is not surprising that several small and medium-sized steel plants have been integrated to become the largest steel plant in Madrid.

After all, Madrid is not the key area for industrial development in Spain. The real industrial base is in Seville.

"The average weekly salary is about 3 pesetas?" Carlo thought silently.

The weekly salary is 3 pesetas, the monthly income is about 12 pesetas, and the annual income is more than 144 pesetas.

Although it is still far behind the wages of workers in other European countries, it is at least much higher than Spain's annual per capita income of 87 pesetas.

Moreover, the factory in Carlo does not have to worry about salary deductions or anything like that. The working hours are only 12 hours a day, and you can have one day off every month. This treatment is much better than in other countries.

"How is the implementation of the agricultural tax reduction policy? When will we see the results?" The per capita income is the lowest in Europe, which gives Carlo a headache, and he is looking forward to changes.

"It is expected that the per capita income will increase to about 100 pesetas next year." Steward Lauren quickly replied: "Your Majesty, please rest assured that the agricultural tax reduction and the abolition of tithes are effective, and farmers' income will definitely increase.

This is the Bourbon family's long-term oppression of Spain and has nothing to do with Your Majesty. Your Majesty, you are Spain's destiny. Under your leadership, Spain will regain its former glory. "

Carlo smiled and didn't care much about Butler Lauren's flattery.

The chosen one is a bit exaggerated, but at least Carlo is not one of those fatuous monarchs. He knows that when he treats the people as human beings, the people will support him.

"While the per capita annual income is increasing, we must also increase the income of our employees." Carlo ordered: "The royal family's enterprises are the benchmark for all Spanish enterprises, and there must be no problems in this regard."

"I understand, Your Majesty." Butler Lauren nodded, indicating that he understood.

"How profitable is our steel plant? How is the construction of the steel plant in Seville going?" Carlo asked.

“Your Majesty, our steel plant is expected to earn about 2 million pesetas this year, and there is no problem in maintaining a balance of payments.

Currently, approximately 1.5 million pesetas have been invested in the construction of a new steel plant in Seville's industrial base, which is expected to be put into operation in the second half of next year. By then, our number of workers will exceed 2,000, and our annual income will increase to more than 3 million pesetas. "Butler Luo Lun replied.

In the final analysis, Carlo underestimated the power of industry to make money in this era.

Coupled with the fact that the income of Spanish workers is not high, and Spain's infrastructure requires a large amount of steel, steel plants are completely profitable in Spain in this era.

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