Awakening ability

Chapter 275 Power Group
Taiqiu Commercial Development Bank uses the gold standard, and promises that with the banknotes issued by them, they can go to any branch to exchange for the equivalent amount of gold.

The banknotes issued by Taiqiu Kingdom are called Taiyuan.

On the front of each banknote, there is Fang Hao's head portrait, and on the reverse side, famous scenic spots in various parts of Taiqiu are drawn according to different denominations.

Fang Hao printed his face on it, not to swear that the bank is his own, but to make more people like him by printing his face on banknotes.

The first set of banknotes has eleven different denominations, namely 1000 yuan, 50 yuan, [-] yuan, [-] yuan, [-] yuan, [-] yuan, [-] yuan, [-] jiao, [-] dime, [-] cents, and [-] cent.

1000 yuan can be exchanged for one tael of gold.

If calculated with the price of gold on the other side of the earth, the 1000 yuan is equivalent to more than 1 yuan, and one penny is equivalent to more than [-] cents, which is not a small denomination.

It is not difficult to see from the design of the denomination that the function of this banknote is to circulate among the people.

However, at the beginning, this banknote was not commonly used among the people, and it was not even circulated as currency. It was more like the bills of some large commercial banks.

It's just that the shareholders of this bank gathered the wealthiest people in Taiqiu country, and they all used such banknotes, which also allowed the banknotes to be used nationwide as soon as they were issued.

But they only use these banknotes to conduct large-scale transactions with each other. First, they take gold to the bank to exchange for banknotes, and after completing the transaction, they go to the nearest branch to exchange the gold back.

Fang Hao knew about this situation, but he did not interfere.

Almost every country in the world has issued banknotes in history, but they have no credit and will soon depreciate. In the end, everyone doesn't trust this kind of thing.

Now he wants to strengthen everyone's confidence in banknotes. If people want to exchange them, they can exchange them for them.

Anyway, the current reserves are quite sufficient, and banknotes are issued strictly on a one-to-one basis, so they are not afraid of runs.

It will take a long time for banknotes to circulate in this market, at least before he leaves this world, don't think about real circulation.

But he was not in a hurry, and had that patience to wait.

After it is actually in circulation, the ratio of reserves can be lowered.

Now it is equivalent to dropping a free coin.

Fang Hao holds more than [-]% of the shares in this bank and is the absolute big boss.

In addition to accepting deposits, this bank also lends goods.

Deposits have interest, but the interest is very low, and the annualized interest rate is not even one percent.

The choice exists here, that is, for a security.

The interest on the loan is not low, and the annualized interest rate has reached 15.00%.

However, compared with private lending in this world, that interest rate is simply too conscientious.

The object of release is limited to investment in industry and commerce, and there is a strict mortgage guarantee system.

And the bank's first delivery target is Fang Hao's newly established group - Taiqiu Electric Power Group.

The three major groups under Fang Hao were the education group, the media group and the industrial group.

Adding this power group, there are four major groups.

Electricity education started in the fourth year of Daye. Before the generator was built, some knowledge about electricity had already been included in elementary school textbooks.

The cultivation of relevant technical personnel has also been in progress.

A country without electricity is not qualified to be called an industrial country.

After ten years of great work, a small generator was finally developed.

In the 12th year of Daye, a small hydroelectric power station began to generate electricity.

Although it is useless to generate electricity, we can only do some experiments on electricity, but this can be regarded as a big step in the process of industrialization.

With electricity, it is possible to develop machines that require electricity.

The electric power group was established this time because they have completed the initial technology accumulation and developed some electrical appliances.

It is not because Fang Hao has no money to accept the payment, but Fang Hao has limited money and there are too many places to invest.

Anyway, there is so much gold in Taiqiu Commercial Development Bank, there is no need to use it for nothing, and it simply bought 50 billion Taiyuan—equivalent to 500 million taels of gold—as the development fund of the power group.

It doesn't matter if you give some interest, anyway, the bank itself also takes the lion's share.

And he has absolute confidence that the power group will make a lot of money in the future.

With such a huge sum of money as a foundation, the power group has carried out a comprehensive layout throughout the country of Taiqiu since its establishment.

Build dams, build hydropower stations.

Build thermal power stations near some coal mines.

The production of electric lamps, electric fans, electric mills, and electric shelling machines also started.

The site selection of some hydropower stations has just been completed and the laying of electric wires has begun.

Being rich is such capriciousness, you can directly and fully cover the past without considering the laws of business.

Of course, with this kind of investment, you don't want to see profits in the first ten years, and you have to continue to invest in it.

Still, once a profit is made, it's a pretty staggering profit.

Moreover, it is still a monopoly.

Taiqiu University of Technology, which was established in 14, opened up a department of electric power.

This also proves Fang Hao's emphasis on electricity.

In the autumn of the 14th year of Daye, four universities were established at the headquarters of Taiqiu Guoducheng Education Group.

They are Taiqiu University of Science and Technology, Taiqiu University of Technology, Metropolitan University, and Metropolitan Normal University.

The four universities are not far apart, which also makes this area known as a university town.

This year also ushered in the world's first batch of college students.

Those who serve as university teachers have been selected by the education group from among the best teachers over the years.

They not only received systematic training from Fang Hao and Yao Xiaoxiao, but also learned to improve themselves while teaching. They studied and studied a large number of professional books that Fang Hao brought from the earth.

From a professional level, some people's ability has even surpassed Fang Hao and Yao Xiaoxiao, two college students from Earth.

After all, top academic figures will exist in any world.

At most, Fang Hao and Yao Xiaoxiao have an advantage of strong memory, they are not real academic masters.

The establishment of the four universities also marks that the new education in Taiqiu has entered a new stage.

For the next development, Fang Hao can only give some forward-looking guidance.

The technical books he downloaded from the Internet did not contain much advanced technology, at most they only contained some advanced scientific and technological theories.

For the details, they have to rely on themselves.

Fang Hao is also full of expectations about whether he will create some technological civilizations that are different from those on Earth.

People in this world are not stupid, as long as they open their minds, they can burst out amazing creativity.

He has planted the seeds, and they have germinated under his care. Whether they can thrive or not depends on the people of this world.

(End of this chapter)