Start 1861: I just inherited the Dutch throne

Chapter 1096: The Netherlands needs an example of supporting its allies
As one of William IV's right-hand men who secretly monitors the world economy, Jonathan has the same status as the Dutch Minister of Finance, the Director of the Dutch Financial Commission, and the Chairman of the Dutch Federal Reserve.

“Denmark currently mainly develops shipbuilding, telecommunications and manufacturing industries, all of which have reached a certain scale, especially the latter. Currently, there are many OEM manufacturing industries for large Dutch companies, and the rural village social system has been replaced by the cooperative system. , agriculture learns from the Dutch model and develops in the direction of specialization, becoming one of the major agricultural countries in the world today."

Due to the influence of nationalism in the German Empire and the direct intervention of Prussia, the situation in Schleswig and Holstein, which was ruled by Denmark at that time, was unstable and turbulent. In 1848, an uprising broke out, demanding to break away from Denmark and merge into the German Confederation. .

Denmark was naturally unwilling to do so, so Denmark fought a war with these two ruling principalities for nearly three years. Finally, when Prussia (which was changed to the German Empire in 3) stopped its march towards Schleswig, it barely won and kept its territory. these two principalities.

In 1864, Denmark announced the annexation of Schleswig to Denmark and its separation from Holstein. Prussia, together with the Austrian Empire, sent troops to intervene.

Naturally, Denmark could not defeat these two major powers. After its subsequent failure, it signed the "Contract of Vienna" and ceded Schleswig and Holstein to Prussia and Austria.

In 1848, under the influence of the national movements of France, the German Confederation and other European powers, the Danish Constituent Assembly promulgated a new constitution, abolished the autocratic monarchy, changed to a constitutional monarchy, and implemented universal suffrage with property restrictions. In 1870, it represented the interests of the rich peasant class. The left-wing party was established. In 1871, the Danish Social Democratic Party was established and trade unions were established throughout the country.

By 1880, Danish industrialization developed rapidly, and shipbuilding, telecommunications, and manufacturing industries began to reach a certain scale.Rural communes were replaced by cooperative systems, agricultural industry became more specialized, and it has now become one of the world's major agricultural powers.

As an ally of the Netherlands, the Netherlands has significant industrial investments in Denmark.

The OEM industry is currently Denmark's largest source of industry.

It can be said that it is the Netherlands’ greatest support for Denmark’s economic development.

As the hometown of Queen Alexandra of the Netherlands, and now King Christian IX of Denmark is also the father-in-law of William IV, he naturally needs full support.

William IV: "How is finance in Denmark?"

Jonathan: “At present, Denmark is imitating us and establishing the Danish Central Bank.”

"It seems that our ally is very motivated and continues to strengthen the Dutch presence there. I don't want Denmark and Sweden to break away from the Dutch ship one day and sail alone," William IV said with a flash of his eyes.

As the Dutch eye to monitor the world economy, Jonathan understood that this meant strengthening penetration into these two countries.

William IV: "Go down"

"Yes" Jonathan responded.

After Jonathan left, William IV was silent for a long time.

I previously learned from the Dutch Financial Commission that the Danish financial system is the Danish financial structure and its system.

I am also currently studying the Netherlands.

The basic regulations followed by the Dutch banking system are the Banking Law of 1879 and the new Dutch National Bank Law of 1880.

The National Reserve Bank of the Netherlands is governed by a Board of Directors, a Committee of Directors and a Council of Governors.

The National Reserve Bank of the Netherlands has the exclusive right to issue funds.

The 1880 National Reserve Bank laid down rules for issuing provisions, but also stipulated that the Board of Directors could exempt the National Reserve Bank from these rules with the consent of the Royal Commissioners.

This exemption method is gradually repeated and approved, and there is actually no definite preparation requirement.The National Reserve Bank of the Netherlands has government accounts and royal accounts to provide short-term funds to the government when necessary. It also holds national capital reserves and is included in the bank's general account.

At present, the Dutch National Reserve Bank has the usual responsibilities of savings banks and commercial banks. It does not set reserve requirements for commercial banks, but requires major banks to deposit funds with the Dutch National Reserve Bank.
Commercial banks in the Netherlands are divided into three categories: The first category is currently the three major banks in Sydney, the financial center of the Netherlands.They are the three major consortiums: the Dutch East India Bank, the Dutch Far East Bank, and the Dutch Union Bank. Their assets account for more than half of the total assets of commercial banks.

The second category is generally medium-sized banks, mainly located in the three major cities in the Netherlands such as Sydney, Melbourne, and Amsterdam.

The third category is a number of smaller banks, which are mainly opened locally in the Netherlands.

The commercial banks in the Netherlands form the Federation of Dutch Banks, which acts as a representative of the common interests of these banks, such as discussions with the Dutch Federal Reserve Bank when formulating financial policies.

Both Dutch commercial banks and the Dutch National Reserve Bank have accelerated concentration trends, but the business volume of commercial banks is almost twice that of savings banks.

The current development trend of the banking industry in the Netherlands is not like that of the United States, but is similar to the development trend of the Danish banking industry in later generations. This is the result of William IV.

Although the Federal Reserve of the United States is very powerful, as a monarchy in the Netherlands, although it is a constitutional system, the interests of the royal family exist, so it will naturally be difficult to completely follow the practices of the United States.

The royal family needs its true ability to rule the country, and he will not give up the royal power easily.

Therefore, William IV could only bring over things that could be used by the United States, but also integrate good things from later constitutional monarchy countries such as Britain, Denmark, Norway, and Belgium.

Naturally, William IV would not deprive himself of the power of his royal family.

As soon as he mentioned this, he had expectations for the progress of the industrial capabilities of these allies of the Netherlands.

The Netherlands needs to work hard on its own to advance its own development.

But we also need to push allies forward, so that we can create a flying geese effect.

You can't fly far by yourself,

The Netherlands is the leader, and it needs its allies to follow and form a scale to be more impactful.

That way we can overwhelm Britain, Germany, the United States, Tsarist Russia and other countries.

That's why he puts his allies at the top of his priority list in promoting economic and military development.

In the past, if the United States had not had a strong group of allies, each of which had advanced military and economic capabilities, other countries would not have been dominated by it.

If countries such as Korea were supported by the United States, they would have set an example.

This makes poor countries willing to follow the United States in order to copy the Korean model to themselves.

Therefore, the Netherlands also needs such capabilities, and the most successful ones at present are Sweden and Denmark, and then Ecuador and the Kingdom of Siam. Other countries will therefore follow the pace of the Netherlands to obtain the treatment of Sweden and Denmark.

(End of this chapter)