Great Warlord: The Second Ancestor of the Empire

Hans Reich, top floor of the Empire State Building, Adolf's office.

As the new owner of this office, Adolf has been busy at work from the first day after entering this office.

There are so many things he needs to deal with now that he can only rest for 6 hours a day.

The rest of the time, he was busy with his career.

He knows that he is not a professional politician and does not understand many things. Therefore, he needs to devote more time to handling government affairs than others.

What is before him now are two major problems. The first is the problem of currency devaluation, and the second is the extremely high unemployment rate in the Hans Empire.

Just these two things have already made him very busy.

Fortunately, he has a friend from Daxia, namely Lin Yi.

He learned from Lin Yi that in Daxia's long history, there had been situations where too many refugees led to instability in the country.

Although the refugees in Daxia's history were all caused by natural disasters or wars, they were different from the situation in the Hans Empire where a large number of people lost their jobs due to factory bankruptcy.

But in Adolf's view, the two are actually similar, and both are because everyone has no money, which makes them unable to survive.

Therefore, Adolf planned to follow Daxia's example in solving the problem of people in the Hans Empire having no jobs and thus unable to survive.

Therefore, after Adolf became the leader of the Hans Empire, the first decree he issued was that the Hans Empire needed to carry out large-scale infrastructure construction to provide jobs for workers.

As for the funds needed for large-scale infrastructure construction, Adolf planned to borrow money from the Daxia Empire to solve part of it, while the other part was to replace the old currency with new currency.

Previously, Adolf planned to do this at first.

In fact, replacing old currency with new currency will encounter many difficulties, the biggest of which is how to calculate the exchange ratio of old and new currencies.

You can't just say that the old currency will no longer circulate in the future.

If so, it is estimated that the entire Hans Empire will become chaotic.

Replacing old currency cannot be rushed.

The first thing that needs to be done is to determine the value of the new currency, and then determine the exchange ratio between the old currency and the new currency.

And this involves a reference issue.

In short, old and new currencies are also commodities. If you want the new currency to have purchasing power, you need a powerful intermediate reference.

It cannot be said that every dollar of the new currency can be exchanged for one gram of gold.

That requires you to be persuasive and prove with examples that your new currency has such high value.

The simplest way to design an intermediate reference is to use gold as the standard and then refer to the productivity and production value of the Hans Empire's own country. (This article is not a financial article, so it is just a rough description. Please bear with me if there are any mistakes.)

Obviously, Adolf wants to link the new currency to the international gold price, but other countries will not agree.

Because the current economic situation of the Hans Empire is very pessimistic, and bankruptcy may occur at any time. Other countries do not recognize the new currency being linked to the international gold price.

Therefore, Adolf was ready to settle for the next best thing and use other powerful countries' recognition of the Hans Empire's new currency to increase the value of the new currency.

At present, the only countries that have the ability to guarantee the new currency are the John Empire, Milicia and Bactria.

However, the Millician and John Empires plundered the Hans Empire's property. Strictly speaking, the Milician and John empires are now enemies of the Hans empire.

Adolf himself could not do it before bowing to his enemies, and he was also worried that if the currency of the Millennium or the John Empire was used as a reference, these two countries would definitely find ways to suppress the Hans Empire again.

In addition, Adolf himself was very dissatisfied with countries such as the John Empire and Milicia, which had a very strong background of consortium capital, so in the end Adolf decided to use the currency of the Bactria Empire as a reference to set the value of the new currency.

Lin Yi himself supports the Hans Empire's desire to use the empire's currency as a reference to formulate a new currency for the Hans Empire.

Because such behavior can strengthen the empire's influence in Europe.

In order to ensure that this matter can proceed smoothly, Lin Yi sent a professional team of economics experts to the Hans Empire to negotiate with the Hans Empire's expert group.

After a month of negotiations, the two countries finally settled on a ratio of 1:4.5 for the new currency, and the old currency was exchanged at a ratio of 1:.

One to thirty million, such an astonishing ratio, shows what the Hans Empire was like before Adolf came to power.

The introduction of the new currency, coupled with the Daxia Empire's willingness to guarantee the new currency, gave the people of the Hans Empire hope.

After all, old currency is now not as good as a piece of waste paper, and waste paper can now be converted into money. Even if the exchange ratio is very outrageous, it also gives people hope for their future lives.

Therefore, as soon as the new currency was introduced and the exchange ratio was announced, Adolf's support rate in the Hans Empire skyrocketed.

Due to the severe depreciation of the old currency, Hindenburg once ordered the unlimited printing of Hans Empire gold marks in order to stabilize the economy of the Hans Empire.

As a result, there is now a large amount of old currency in the Hans Empire. Even if it is exchanged at a ratio of one to thirty million, a financial crisis may occur.

In addition, the new currency has just been introduced, and now only the Daxia Empire is willing to endorse the new currency, so the trust of the new currency in the hearts of the people of the Hans Empire is not very high.

If a large number of new currencies appear now, and someone comes out to throw dirty water on the old currency at this time, it may easily cause the new currency to lack credibility, and then cause people to refuse to use the new currency.

Therefore, the Daxia expert group suggested to Adolf that he design a fund to recycle the excess new currency on the market.

This opinion was endorsed by the Hans Empire expert group.

Therefore, while the Hans Empire fully launched the exchange of old and new currencies, a large number of funds officially endorsed by the Hans Empire were launched.

One thing these funds all have in common is that they only have five and ten-year maturities to choose from. Moreover, the interest rate was very high, in order to attract the people of the Hans Empire to return the excess new currency to the country and avoid the proliferation of new currency on the market.

This method of recycling excess funds through a fund model quickly stabilized the economy of the Hans Empire.

Let those financial groups who want to take advantage of the situation be disappointed.

Among the many funds, there was a fund specifically opened for the military of the Hans Empire, which was the famous Meifu Voucher in later generations.

Meifu coupons can only be used to pay for military production, which directly decouples the Hans Empire's military industrial enterprises from the new currency.

From this point of view, Adolf's emphasis on the military industry also shows his personal ambition.