I'm the Dauphin in France

Chapter 689 International Diplomatic Pressure
French businessmen were immediately ecstatic, waving their franc notes and pushing their foreign competitors aside.

Many British, Dutch and Italian businessmen looked at the contract board with resentment. The price of sugar futures one month later had been pegged at 2 francs and 1 sou, and the price three months later had reached a staggering 2 francs and 3 sou!
Weigel's eyes were like a person who had been trapped in the desert for more than half a month and saw a source of water.

However, the Dutch guilders in his hand could not be used to buy water...

Someone suddenly grabbed his arm and whispered in his ear:
"Why are you still standing here?"

Weigel turned around and saw it was Van Shaiker.

"But I didn't..."

The latter whispered in his ear: "You forgot that the French Reserve Bank is downstairs!"

"?"

“France is on the gold standard.”

"My pebble-like brain!" Wiggleton was enlightened and turned to run downstairs. "Thank you so much!"

The gold standard means that anyone can exchange franc banknotes for gold at any time at the Bank of France, and conversely, gold can also be exchanged for francs at any time!

The counter of the French Central Bank is still relatively empty, after all, most people have not yet reacted.

Weigel immediately exchanged more than 1 Dutch guilders in his hands into francs.

Although the Dutch guilder as a currency could not be absolutely full of value - the official regulations stipulated that one Dutch guilder should contain 1 grams of gold, but in fact it was less than 3.75 grams - Weigel could only treat it as gold rather than currency and exchange it for francs.

Fortunately, he could get a 2% subsidy for exchanging gold for banknotes, which reduced his losses a little.

Afterwards, Weigel returned to the futures trading hall with great momentum, walked past a group of foreign businessmen, and bought four contracts in one go.

The others soon noticed the Dutchman, and then, suddenly realizing what was going on, they rushed downstairs like a tide.

The French central bank counter also experienced the same scene as the futures exchange yesterday - the counter was crushed. Fortunately, there were many police officers to maintain order today, so no casualties were caused.

By 5 p.m. that day, when the futures exchange closed, the French Reserve Bank had received a total of more than 8 ounces of gold, equivalent to approximately 90 francs.

This was because the French Reserve Bank suspended business for three hours to repair the counter, otherwise it would have been easy to break through one million.

Just half a month after the Paris Agricultural Futures Exchange began operations, European countries began to feel the severe market turmoil caused by the surge in sugar prices.

So, at the call of the United Kingdom, representatives from various countries gathered in Frankfurt to attend the "European Sugar Special Conference".

Without much greeting, the British representative, Lord Marquis, stood up, looked around at everyone proudly, and said loudly:

"It is clear that France is primarily responsible for the sugar crisis!"

There was a sudden silence in the conference hall. Some representatives looked at the French representative Bailly, while others lowered their heads and remained silent.

Marquez continued:

“As we all know, the core reason for the sugar shortage was the outbreak of slave riots in the Caribbean, which caused a large number of plantations to reduce production or even fail to produce.

“The first area where riots occurred was the French colony of Saint-Domingue.

"I have a lot of evidence to prove that the riots in other parts of the Caribbean are all related to the Saint Domingo Abolitionist Organization." He said, angrily throwing several documents on the conference table:

"These are the records of the activities of the Frenchman Jacques Pierre Brissot in Saint-Domingue. We have reason to believe that it was he who led the abolition movement there.

"That damn Vincent Auger has always been under Brissot's command!"

This is not because the British intelligence agencies are so powerful, but mainly because the number of people in the Saint Domingo abolitionist organization is increasing, and it is difficult to ensure that confidential information will not be leaked in the later stages.

“In addition, most of the weapons used by Caribbean niggers were provided by France.

"I think the French government must give an explanation to other countries about the situation in the Caribbean and the current severe sugar shortage!"

The British were clearly well prepared, with the goal of using international diplomatic pressure to force France, currently Europe's largest sugar supplier, to make a commitment to proactively stabilize the price of sugar.

The UK is the world's largest consumer of sugar. Currently, the price of cane sugar has risen by 67% compared to the same period last year, and the futures price in six months has risen by as much as 160%!

Even though the British government has begun to implement measures such as tax exemptions for sugar manufacturers, sugar prices continue to soar.

It is foreseeable that the British, especially the lower class, will soon be unable to afford sugar.

Sugar is the British people's biggest daily entertainment and even spiritual sustenance - no one will drink tea or coffee without sugar, black bread should be dipped in syrup, sugar should be added to porridge, and fried fish should be sprinkled with icing sugar.

It can be said that without sugar, British housewives can't even cook.

With the current trend of sugar prices rising, the British people are going to riot!
Several of Britain's "old friends" - Prussia, Denmark, Portugal, etc. immediately followed suit and condemned France for "destroying the international environment and trade pattern."

Bailey waited until the guys had finished their performances before he slowly took out a stack of pamphlets and signaled his assistant to distribute them to the delegates present:

“Perhaps everyone has learned from other channels that the Duke of Leeds of England was the first culprit who instigated the black riots in Saint Domingo.

"You can look at these documents and see how he came into contact with Auger and others and provided them with a huge sum of £30. Later, the Duke of Leeds also planned to bring Booker's gang to the United States."

He gestured around the conference table:
"If the United States also sent a representative, he would tell everyone about this in detail."

Representatives from various countries flipped through the evidence provided by the French, glanced at a few pages, and then looked at Marquez with strange expressions.

This evidence is so conclusive!
Just kidding, as a direct participant in the Duke of Leeds' plan, the evidence provided by Auger was naturally solid. Even the remittance channel of the 30 funds was clearly written.

Bailey continued:
"As for Brissot, he was a fanatical abolitionist, as everyone knows.

"It was after the Duke of Leeds had started the black riot in Saint Domingo that he was attracted to the Caribbean. Oh, the time when he left Europe can be easily found out.

"Our country is also very troubled by this man. You know, his actions in Saint-Domingue have caused our country a loss of more than 5 million francs every year!
"I hope the British government can give our country an explanation for this!"

Lord Marquis felt nervous when he saw that all countries were glaring at him, especially Spain.

I didn't expect that the French were better prepared than I was. Moreover, I knew that the French were confusing right and wrong, but I couldn't defend myself at all.

He suddenly thought of something and said loudly:
"No, France has not lost anything at all! On the contrary, you have gained enormously from the situation in the Caribbean."

(End of this chapter)