Wild North America 1846

Chapter 625 Comparison of Tang Ying's Economic Size

"Over the past month
The British once again mentioned matters related to taking a stake in the Nicaragua Canal, and the French also expressed similar intentions. The imperial government politely refused one after another, leaving no room for it.

The French expressed their understanding, while the British were much tougher. London expressed this on many occasions;
Will not give up trying to gain a say in this important canal project, which is an integral part of Britain's global influence.

The global economic crisis has lasted for two years, and there is still no sign of easing, which has had a serious negative impact on the overall economic development of the empire.

In the fourth quarter of 1874, the overall economic growth was sluggish. Compared with the same period last year, the growth rate dropped to between 2.8% and 2.9%, which was lower than the average of 3.4% in the first three quarters.

Due to the large size of the imperial economy, it is completely dependent on domestic demand and lacks an international market, so the demand appears to be sluggish.

Looking into the first quarter of 1875, the economic outlook is grim..."

Prime Minister Earl Dong Jie is reporting the economic statistics for the fourth quarter of 1874, as well as relevant assessments of the international situation, paving the way for the work of the imperial government in the next year.

Emperor Li Cha was sitting on the dragon couch at the top, playing with a rare emerald jade in his hand, without any expression on his face, which meant "I already know", and the government responded appropriately.

It has been 6 years since the Nicaragua Canal has continued to advance, and nearly 7% of the overall project volume has been completed. The river on the side of the Atlantic Ocean has been fully dredged, widened and deepened, and it is basically nearing completion.

The amount of concrete pouring for the double-line three-stage ship lock on the side facing the Pacific Ocean has reached 85%, and it has now been transferred to the coastal concrete slope protection, continuing to blast the narrow isthmus, widening and deepening the river channel.

Beginning in June next year, the installation of super-large steel components, including large gates of unparalleled size, subsidiary super-large components, etc., will begin for about a year and a half.

From delivery to installation to commissioning, every step will be dedicated to engineering staff.

The large-scale international terminal in Hewan City, the Royal Navy base, the international storage and transportation warehouse area, roads and bridges and other facilities affiliated to the Nicaragua Canal Project are also steadily advancing.

it won't take long

This worldwide shipping channel is about to be built, with smooth communication between the Pacific Ocean and the Atlantic Ocean, linking the developed urban agglomerations on the west coast of the Datang Empire with Europe more closely.

Seeing that the magnificent project of the Nicaragua Canal is coming to an end step by step, let alone the envy and jealousy in the hearts of the British, they can't help but stand up and make gesticulating comments.

The smell of sourness and vinegar can be smelled across the Atlantic in the British media, constantly urging the London government to show its world leadership in this century's project.

The British "Times" reported;
"The Nicaragua Canal project will be a brilliant feat in the history of human engineering so far, integrating top civil engineering technology and water conservancy technology, and it will definitely be recorded in the annals of history forever."

"Its engineering volume and difficulty far exceed the Suez Canal, and the total investment is 4.5 times that of the Canal. A total of 56.3 laborers have been employed before and after, which can be called a miracle in the history of human architecture."

"It is regrettable that the world leader, the United Kingdom, was absent from this project. Tang Guo's image of "eating alone" in this project has been criticized by the international community..."

"The British Royal Navy is committed to maintaining the security and peace of the global seas, and America is a key piece of the puzzle. The Nicaragua Canal is the key to guarding the passage between the two oceans, and its importance is increasingly recognized by the world..."

"It's hard to imagine that... such an important international shipping choke point, there is no British capital involved."

The opinion of the British "Times" represents the trend of mainstream public opinion, and what makes them furious is that;
The Tang Empire government never let go from the beginning to the end.

Lessons from the past, the teacher behind the car.

The performance of the British in the Suez Canal equity dispute is unbelievable. Of course, the Datang Empire government will not make such low-level mistakes again.

Looking at the downfall of the French who were fully in charge of the construction of the Suez Canal project, you know that the British must not be allowed in.

You just need to open the door a little and let the British reach in, and he will find a way to stretch his arms in, then his legs and body, and finally the dove will occupy the magpie's nest and become the controlling party that dominates the Suez Canal.

However, the Suez Canal, which the French worked so hard to build, is now being obstructed by the British everywhere. How can this depression be justified?

The French now only have 12% of the shares left in their hands. Even so, the British have been crowding out and suppressing, and they even want to eat up the last bit of the French shares.

However, the French colonized the Indochina Peninsula and urgently needed the Suez Canal waterway, so they had to compromise with the United Kingdom in many aspects, which can be described as extremely depressing.

With all these actions, the UK is really not a good partner.

Emperor Li Cha sat on the upper dragon chair, thinking over and over in his mind about the current weak economic growth, which was his primary concern.

After thinking about it, I feel that almost all the policies that can be used have been used. The social demand for expanding infrastructure and launching wars is getting weaker and weaker, and there is almost nothing to do.

The Tang Empire implemented a gold standard system in which currency was linked to gold. It was impossible to issue banknotes indiscriminately. As much gold reserves as there must be to issue as much currency, excess issuance could only be controlled within a certain limit.

In this era, there is neither inflation nor deflation, and the currency value of Tang Yuan is unbelievably strong, with very strong purchasing power.

Looking back at the economic development of the Tang Empire, after the end of the North American War, the North American unified market removed trade tariff obstacles, and the imperial capitalist industry developed rapidly.

The climax of railway construction in the Tang Empire began in the 50s and lasted until the mid-70s, and it was an important force pulling social needs.

During the ten years from 1862 to 1872, the total length of new railways was 31092 miles, basically completing the railway network throughout the North American continent and heading south to Mexico and Texas.

From 1873 to the end of 1874, a large-scale economic crisis swept the world, in order to strongly stimulate social demand, increase employment and get rid of severe economic crisis.

The number of new railways built in these two years is more than 1862 times that of the new railways built between 1872 and 9. The large-scale investment in railways has driven surrounding industries and put forward higher and higher requirements for the steel and energy industries, thereby promoting the metallurgical industry, coal industry and petroleum. The rapid development of the industry has had a positive impact.

In the two years from 1873 to 1874, when European countries generally fell into the quagmire of severe economic crisis (note; except Germany), the Datang Empire was still able to maintain a growth rate of 3.2% to 3.5%, which was largely due to domestic demand.

During this period, the operating mileage of the Tang Imperial Railway increased from 35085 miles to 76171 miles, which is equivalent to 12.25 kilometers. The smooth railway network almost connected all the cities in the empire, forming the largest modern railway network in the world.

1865-1873年，大唐帝国生铁产量从75.5万吨增加到632.3万吨，增长了8.5倍。

Coal output increased from 2215.9 million tons to 9591.7 million tons, an increase of 3.3 times.

Oil production increased from 1865 million gallons in 1.5 to 1874 million gallons at the end of 6.16, an increase of 3.4 times, achieving a huge leap.

at the same time
The emerging petrochemical industry and special steel and machinery industry have become new highlights of performance, and established Datang Empire as the pioneer of the second industrial wave represented by petrochemical and electrification, leading the new trend of world industrial development and becoming more unbreakable.

In the so-called world economic crisis, there are "dangers" and "opportunities". The German Empire is the most dazzling top student in the entire world economic crisis, but his success cannot be replicated.

The huge war indemnity of 50 billion francs was injected into the German economy in just two years, which produced a miraculous effect of taking off into the air, which other people could not envy.

The economic performance of the Datang Empire is excellent. In the new year, it is expected to surpass the British Empire at some point in the second quarter, and thus sit on the throne of the world's largest economic aggregate.

In the second quarter of 1875, the population of the Tang Empire will also be close to 2-9750 million, which is only one step away from breaking through hundreds of millions of people by the end of the year.

Datang is developing, and Britain has not stopped.

Between 1865 and 1874, its heavy industry also developed rapidly during this period.

British coal production increased continuously for 1865 years from 1873 to 8, from 1.05 million tons to 1.31 million tons, a total increase of 25%, and the annual increase was relatively small.

Pig iron continued to grow for seven years from 1865 to 1872, and did not fall back until the storm of the world economic crisis in 7.

其生铁总产量从1865年度459.7万吨，增加到1872年度685万吨，增长了49％。

In the two years of 1873 and 1874, its total pig iron production fell back to below 600 million tons.

British capital also participated heavily in the construction of railways in the United States of America and other countries, and exported pig iron, rails, rolling stock, and machinery needed for railway construction to these countries, which led to the development of domestic heavy industry.

The economic development of Tang and Britain is a race, and they have always maintained a relatively high speed of development. The Tang Empire has great stamina. Although it was hit by the global economic crisis, it was still able to achieve the goal of overtaking on a bend.

Out of the consideration of avoiding stimulating the sensitive nerves of the British, the public opinion of the Datang Empire generally kept a low profile, never mentioning the surpassing of the economic aggregate, but always making a fuss about the low per capita income.

statistical display;

The per capita income of the Tang Empire in 1874 was 98.72 Tang yuan, one step away from breaking through the per capita income of [-] yuan, and this income level was more than double that of the United Kingdom.

Britain's per capita income in 1874 was about 237 Tang yuan, more than double the income of the Tang Empire, and it was generally richer.

This is because the Tang Empire is a typical immigrant country, in a state of rapid population growth, and continues to expand outwards, including new colonial areas such as Colombia with a population of 400 million.It will also lower income levels.

Most of the new immigrants are illiterate, their income is generally low, and the proportion of the agricultural population is relatively high, which virtually lowers the average annual income level.

With the superposition of several factors, the overall level of average annual income of residents is far lower than that of the United Kingdom, which is almost [-]% higher than that of France.

(End of this chapter)