Chapter 328: Chapter 286: Stock Exchange

As time tered September 9, the floods in several provinces in East Asia became more and more severe, causing local people to plunder food and riots broke out among refugees, creating a desperate situation.

It was time for Australasia to show its good side. Arthur announced, on behalf of Australasia, that they would sd 0 tons of food and fifty thousand Australian dollars in aid to the disaster-strick areas, demonstrating Australasia's commitmt to peace and fridship.

Sure ough, after receiving the good news of Australasia's aid, not only did the local governmts promote it extsively, but the local victims and refugees were also very grateful to Australasia.

Unfortunately, what they didn't know was that the income Australasia earned from selling food during this disaster was easily hundreds of times more than the aid they provided.

In early September, the first securities exchange in Australasia was established in Sydney, and Arthur attded the oping ceremony of the exchange, delivering a speech asserting the importance of the securities exchange.

As a matter of fact, stock trading had already tak place in Amsterdam, the Netherlands, in 60. At that time, the Dutch governmt printed the world's first stock, shares in the East India Company.

During the 7th and 8th cturies, the Netherlands, Germany, France, Britain, and the United States successively established their own securities exchanges, which have be in existce for at least one hundred years.

Ev in the seemingly underdeveloped island countries that Arthur observed, two stock exchanges were established in 878.

In comparison, the establishmt of Australasia's stock exchange was far behind other countries.

The newly-established Sydney Stock Exchange was under the control of the Ministry of Finance and was not aimed at making a profit.

However, the establishmt of the stock exchange and the stock market played an important role in the developmt of both the country and private terprises.

Private terprises could choose to go public on the stock exchange, selling their company in several shares to other people.

This allowed cash-strapped companies to raise developmt funds in the stock market, meeting the large amounts of capital needed for construction and developmt.

In addition to raising funds, the stock market also diversified investmt risks and increased the value of private terprise assets.

This befitted the developmt of Australasian businesses and also attracted a large amount of external capital to Australasia, driving all aspects of the region's developmt.

Considering the population and economic scale, establishing the stock exchange in Sydney was already sufficit.

Sydney is the only city in Australasia with a population of over one million, and it is the political, economic, and cultural cter, naturally attracting more capital.

It is believed that after the establishmt of the stock exchange, small and medium-sized terprises in Australasia would also see some developmt.

As September gradually passed, Arthur became increasingly concerned about the situation in Europe.

According to historical developmts, the Second Moroccan Crisis should be immint.

The Moroccan Crisis consisted of a political conflict betwe Germany and France in Morocco, and it also intsified competition in Europe and exacerbated the deterioration of relations betwe Germany and other countries.

After the First Moroccan Crisis and the occupation of the eastern part of Morocco by Frch forces in March 907 under the pre of a doctor being killed, tsions betwe Germany and France increased suddly.

However, at that time, Germany chose a conciliatory attitude that surprised other countries, agreeing to submit the incidt to arbitration, thus peacefully resolving the issue.

The main reasons for Germany's conciliatory attitude were twofold. First, the previous Bosnian crisis had already made the European situation extremely tse, and the Germans did not want to add fuel to the fire. Secondly, the First Moroccan Crisis made Germany realize that France's control of Morocco was difficult to resist.

Instead of continuing to fight against France in Morocco, it would be better to compromise and exchange for Germany's economic interests in Morocco, as well as compsation from France.

Anyway, being prepared for this crisis is necessary. The Moroccan crisis in history was relatively well resolved, but who can guarantee that the Moroccan crisis in this world wouldn't become a fuse for war?

After all, this world has a butterfly like Arthur, and many developmts and previous histories have already be differt.

Under such circumstances, it's not impossible for Britain and Germany to have other ideas.

If Germany chose to be tough, wouldn't that mean World War I was coming?

Of course, ev if the Second Moroccan Crisis did not become the catalyst for World War I, it would still be necessary to be prepared for it in advance.

This crisis has caused the three major European powers, Britain, Germany, and France, to focus their atttion tirely on it, making them busy with this struggle and many other ambitious countries to take advantage of the crisis to expand their interests.

For example, the Italo-Turkish War and the Balkan Wars that broke out during the crisis.

It is worth mtioning that in both of these wars, one of the protagonists was the already decayed Ottoman Turkish Empire.

It is worth mtioning that the historical catalyst for World War I, the Sarajevo Incidt, is also related to the Balkan Wars.

The Balkan Wars, to be precise, were wars betwe the Balkan nations and Turkey, including Serbia, where Sarajevo played a leading role.

After the two Balkan Wars, the Balkan states formed two opposing camps.

On one side were Serbia, Greece, Romania, and Montegro, backed by the Allies.

On the other side were Bulgaria and Turkey, backed by the German-Austrian-led Ctral Powers.

From this, we can see the control and influce of the great powers on the small countries. Due to the influce of the two major European military blocs, the Balkan region was also divided into two factions.

Since they were divided into two major factions, it was inevitable that conflicts would break out betwe them.

As one of the Balkan states, Serbia naturally had ambitions. Serbia fantasized about unifying the Balkans and establishing a Greater Serbia-Yugoslavia.

This ambition naturally conflicted with the strategic interests of the Austro-Hungarian Empire. In Bosnia and Herzegovina, which the Austro-Hungarian Empire had annexed two years earlier, the majority of the inhabitants were Serbs and Serbia was adjact to them.

Because of border conflicts, Serbia and the Austro-Hungarian Empire became emies, but small countries could never resist big countries.

Therefore, some young nationalist officers in Serbia formed a Mafia-like organization called Unity or Death, nicknamed the Black Hand.

And this organization, formed by Serbian officers, was the one that would later provide weapons to the assassins who killed Archduke Ferdinand.

It can only be said that the conflicts betwe the countries in Europe are related. The Second Moroccan Crisis prompted Italy to launch the Italo-Turkish War.

It was precisely because the Italo-Turkish War made the Turks preoccupied that the Balkan countries formed an alliance and launched the First Balkan War.

Later, due to the unev distribution of war gains and the confrontation of the countries behind them, the Balkan countries split into two factions.

Moreover, Serbia's territorial expansion during the two wars gave birth to the idea of ​​​​establishing a Greater Serbian South Slavia.

This idea conflicted with the Austro-Hungarian Empire, which in turn angered some young Serbian nationalist officers, particularly those who opposed the Greater Serbian doctrine and were hostile to Serbia, such as Archduke Ferdinand, a key figure in Austria-Hungary.