People who are familiar with history may know that the Empire on which the sun never sets before World War I was truly powerful.

What about before World War II?

Likewise, the influence of the British Isles has even influenced most important negotiations in Europe.

Remember that joke Chamberlain told?

"For only the second time in our country's history, a glorious peace has been brought back from Germany to Downing Street."

Think about it, a mustache even has to compromise and compromise.

Any force must listen to Mishima's opinions during the communication and negotiation process.

Just like America in later generations, the world policeman's hat is worn very crooked... Crooked's.

The influence of the Empire on which the Sun Never Sets in the world is enough for it to straighten its back and point fingers at any country.

However, after two wars, the Empire on which the Sun Never Sets finally...

The sun sets over the west mountain - it becomes dark -

The ruling power of the colonial areas declined one after another. After the withdrawal of troops from Türkiye, it became the trigger for the establishment of independent flags in various places, and also marked the darkening of the sky in the British Isles.

Looking at the world influence map of the Empire before the First World War and comparing it with the recession process along the way, it is not difficult to find that this is a timeline of economic shrinkage.

What are the direct manifestations of declining influence?

Previously, the pound, a very strong currency in the world trade market, was completely wiped out.

The decline in national strength has caused the pound's international credit to also decline, and it continues to decline.

This decline is also called the pound crisis.

Note that this is the pound crisis, not the world economic crisis.

In fact, speaking of the pound crisis, since Britain abandoned the gold standard in September 1931, its status as an international currency has begun to waver.

Someone once said, "The sun never sets on the Empire. Isn't it idle? Why do you want to make pounds if you don't have anything to do?"

In fact, we cannot simply blame Ying Ji. Starting from 1926 and becoming more serious in 1929, the economic crisis that swept through capitalist countries did not spare the Great Empire.

The Great Depression from 1929 to 1931 led to an outflow of gold and a balance of payments deficit.

The specific reason will not be discussed here. I will only talk about what Yingji did in response to this situation.

That's right, abandoning the gold standard.

The exchange rate fluctuates, the market is liberalized, capital flows, and the money printing machine is turned on to print money.

The cost of paper and ink is so low. When printed together, it becomes pounds, so it is valuable, and you can buy it.

Especially during wars, people all over the world are looking for ways to protect their property from devaluation.

With the credit support of the old capitalist countries, everyone has chosen the pound as foreign exchange reserve funds.

The result is that Yingji does not respect martial ethics.

Here they are constantly stocking up on pounds, and over there Yingji is constantly turning on the money printing press.

The result was that the war was over, and the Empire's influence on the world economy was also over.

The economic strength continues to decline, inflation worsens, the balance of payments is in long-term deficit, capital outflows are serious, and foreign exchange reserves plummet, causing the credit of the pound to deteriorate.

Ying Ji was forced to announce on September 18, 1949 that the pound devalued by 30.5%, and the exchange rate against the U.S. dollar dropped from 1 pound to 4.03 U.S. dollars to 2.80 U.S. dollars.

In other words, the big guys who were holding pounds almost jumped off the building on this day, and it was dark all day.

That's right, Ying Ji made people all over the world call her a mother.

The total assets have shrunk by nearly one-third, which makes everyone want to curse.

Do you know what currency devaluation means?

Imported goods have decreased, commodity prices have increased, capital has fled, corporate competitiveness has declined, consumer purchasing power has declined, and residents' quality of life has declined...

(Don’t mess up, I’m talking about the UK)

By coincidence, what happened in 1949 happened again in 1967, and the pound devalued for the second time.

The two devaluations have similar aspects, and both mean that Britain's position in international trade and finance is further weakened.

Someone asked, after so many years, why has this problem not occurred with the U.S. dollar?

Because America is more vicious and vicious, they have transferred the credit of the US dollar to the oil system.

I won’t go into too much detail on this, let’s just talk about the pound.

The decline of the pound's influence has both objective and subjective reasons.

Sterling is as arrogant as Mr. Yingji.

It is more of a regional currency than an international currency, and the relevant regions are the Commonwealth and the British Empire.

They are those newly independent former colonies that have continued the pound peg system and inherited pound reserves, as well as countries where Britain has stationed troops and oil companies there.

(For example, Iran* is not convinced* Lang and Ke* are both convinced* Witte)

To put it more narrowly, in the vast majority of international transactions conducted using pounds sterling, one of the buyers or sellers is a resident of the pound area.

What an arrogant currency, it deserves to be slaughtered.

Li Xuewu remembers clearly that this year, Ying Ji once again announced a 14.3% devaluation on November 18, and the exchange rate against the US dollar dropped to 1 pound equal to 2.40 US dollars.

He remembers how history described the pound at this time: recognized as one of the most unstable and weakest currencies in the West.

Hong Kong City, as a pound trading area, if Li Xuewu had not collected the colonial tax for so many years, could he be worthy of Yingji's decline and the gift package for newbies?

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Yu Li went to the club after teasing Li Shu for a while and finishing discussing work with Li Xuewu.

Li Xuewu was lazy and lay on the kang unwilling to move. After finishing what he had to explain, he did not follow.

The whole morning passed between him and Gu Ning chatting about daily life, and they also went to the reverse room for lunch.

In the afternoon, he drove by himself and went to the homes of several teachers. Firstly, he handed in his homework, and secondly, he asked about the situation.

The school has resumed classes, and the professors at the Iron and Steel Institute who taught him will also resume their normal teaching lives.

He alone would not be able to influence the teaching arrangements of the professors, so he took the initiative and asked for permission to study with his classmates.

The professors have just received the notice from the school and have not yet figured out the specific arrangements.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! After giving him a lecture and leaving corresponding homework, ask him to continue waiting for notification.

When you can no longer attend class, you have to return to class, and you will be informed when the time comes.

These professors were also entrusted by Pei Dayu, the president of the Iron and Steel Institute, to open a small stove for Li Xuewu under special circumstances.

Even if he returns to class, Li Xuewu will have to skip two grades. After all, he has not missed studying in the past two years.

After leaving the professor's house, Li Xuewu thought about his study career and felt happy.

Inexplicably, he became a college student, and made rapid progress, becoming the sole heirloom of the professors.

From the beginning of 1966 to the present, he has been blessed with the privilege of not stopping his studies and the professors' education.

Compared to those classmates whose names he couldn't name, he couldn't say that he was lucky.

I drove to visit the teacher and walked to Teacher Ran's home.

What? Teacher Ran is no longer a teacher?

Even if he is now the principal of Hongxing Primary School, can he not be called Teacher Ran?

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"Why are you here?"

Ran Qiuye looked at Li Xuewu standing at the door in surprise, with excitement and joy on his face.

Li Xuewu stood at the door with his hands in his pockets, teasing her and asking: "What's wrong? You don't welcome me. Is your old man at home?"

"screw you--"

Ran Qiuye couldn't suppress the smile on her lips, her eyebrows were affectionate, and she glared at him angrily.

With an almost eager mood and deliberate reserve, she walked to the door and opened it for him.

"I went to the teacher's house to hand in my homework," Li Xuewu explained as he walked into the courtyard: "I thought about it later and it seems that Teacher Ran hasn't come here yet."

"That's nonsense, why are you so out of character? You——"

Ran Qiuye looked ashamed and pushed him, and the two of them stepped up the steps together.

The room was very warm. As the principal of a primary school, she had nothing to say about her salary or benefits. Besides, she still lived alone.

"Tea or water?"

Ran Qiuye started working as soon as he entered the house. There was hot water sitting on the stove and he could make tea at any time.

She was wearing a tight white sweater. The coat she had just left was hanging at the door, and she looked even more beautiful now.

Li Xuewu looked at the books in the bookcase on the wall and responded: "Whatever, guests are welcome."

"I'm not here to drink tea anyway."

"Quickly stop your childish jokes."

Ran Qiuye knew that it would be too shameful for him to say that he was here to hand in his homework.

I made a cup of hot tea and put it on the coffee table, and quickly picked up the books scattered randomly on the sofa.

"It's a bit messy at home, don't mind, just sit down wherever you want."
To be continued...