Romanian Eagle

It was an accident at the gold mine that allowed Edel to quit his job.

Near the town of Portia in Vorcia, in western Romania, a gold mining company flooded the river after a recent torrential rain broke its dikes. As a result of the pollution of the Oort River, a tributary of the Danube, a large number of river fish died and the river water was not available for human and livestock consumption. More than 50,000 people along the river suffered from water shortage, and the direct economic loss reached 1.5 million lei, and the indirect loss reached 5.4 million lei.

Edel was also very annoyed at the emergence of such a gold mine contamination case. "Let the Prime Minister handle this matter. No matter who is involved, let the Prime Minister handle it. I have no opinion."

"As your majesty."

After Edel watched the guards go out, the Prime Minister should deal with this troublesome matter.

After the establishment of the Kingdom of Romania, most of the gold mines in the country were owned by the government, and only a small part was left behind for various reasons. However, the gold produced by these private gold mines must also be purchased by a state-designated reserve bank. In order to make a profit, these private gold mines are inferior to state-owned gold mines in every way, and this is the case of this accident gold mine.

Now most of the gold mines in Romania are rock gold, so it is necessary to mine mines and other various

Gold mines are very important to Romania, and even why Latin is used for Romania in the Balkans is due to these gold mines. The Dacias (the ancestors of the Romanians) who lived in Romania in the 2nd and 3rd centuries BC made exquisite gold ornaments, which were exported to various regions of the Black Sea and the Mediterranean.

In the early 2nd century AD, the Roman Empire defeated the local Dacian kingdom and organized the region into a province of the Roman Empire. The vast majority of the territory of the Roman Empire is south of the Danube, and there are basically no provinces north of the Danube. Romania is probably the only one. Because of the gold mines, this province was very important to the finances of the Roman Empire.

The gold mines attracted a large number of Romans to pan for gold. These people brought Roman Latin and washed the local language. As a result, the land on the north bank of the Danube was rapidly Romanized, and a large number of local people also used Latin. . Even after the Roman Empire withdrew from here, the local Dacians continued to use Latin, which also constituted the difference between the Romanians and the surrounding Slavs.

Romania is still the second largest gold producer in Europe, reaching 28 tons in 1913, ranking second in European domestic production. During the initial process of industrialization, Eder forgot to mechanize the gold mining industry in Romania, and only noticed it after Viscount Edri's reminder. Large sums of money are then invested in the industry to increase its production, but for the gold mining industry, discovering new gold mines is the best way to expand production capacity.

Now the largest gold mine in Romania is the Smitok Gold Mine, which has a total reserve of 178 tons and provides five or six tons of gold per year. This gold mine is not big in Europe. Fortunately, there are many gold mines in the Carpathian Mountains, which makes Romania's production look very impressive, but it is still far from the current world gold production.

In the middle of the 18th century, Russia discovered the gold mine on the slopes of the eastern slopes of the Ural Mountains. By 1840, the annual gold output in Russia had reached 43.5 tons. By 1847, the annual gold output in Russia accounted for 60% of the world's total annual output. But these achievements of the Russians paled in comparison with what was later achieved in California and Australia.

Gold was discovered in California in 1848, and soon thousands of people gathered here to look for gold mines. In the first year, 250,000 US dollars of gold was produced, and in the second year, it increased by 40 times. After that, the gold production increased year by year. By 1852 production reached 77 tons, and in 1853 it reached 93 tons.

In 1851, three years after the discovery of gold in the United States, gold was also discovered in Australia,

Australia's gold production also began to increase rapidly. In 1852, Australia produced 26.4 tons of gold, and in 1853, the annual gold output reached 70 tons.

After that, South Africa discovered gold in 1886. In 1887, South Africa's gold output was only 1.2 tons. Five years later, it increased 25 times to 30 tons. In 1898, it reached 120 tons, ranking first in the world. Until now, South Africa is the world's largest producer of gold and diamonds, and South Africa's proven gold reserves account for 40% of the world's total reserves. The UK has spent hundreds of millions of pounds winning these gold mines and it is not a loss at all.

The last train to catch up with the great development of golden productivity in the 19th century was Canada. In 1896, two gold prospectors, Henderson and Carmack, discovered gold in the Klondike while fishing for salmon, and a new city, Dawson City, was born.

Therefore, Romania's output is also ranked first in Europe, where the gold mines are barren, and it is still far from enough in the world. Although Romania's gold production is not high, Romania's gold reserves are not bad. Now Romania's gold reserves have reached 1,216 tons, which is already a record high.

The growth of Romania's gold reserves is thanks to the help of the war. If it weren't for this war, how could Romania have obtained so much gold reserves. You must know that at the end of 1913, Romania only reserves 450 tons of gold, which is the result of industrialization. Otherwise Romania's gold reserves are even smaller, which shows how much gold Romania has harvested from the Allied Barisan Front.

After obtaining this gold, Romania can use this gold to issue more currency to prosper the domestic economy. After major European countries banned gold exchange, the Romanian leu, which still adheres to the gold coin standard, can be said to be one of the few currencies in Europe that is still strong. A large amount of capital poured into Romania in pursuit of preserving value and making profits, but these took a small part of the capital that fled from Europe, and most of it was absorbed by the United States on the other side of the ocean. That's why the United States made most of the profits in World War I.

Even if only a small influx of capital was obtained, it still brought a lot of help to the Romanian economy. Now the Romanian currency lei is not only used domestically, but also has a large influx of countries in the Balkans, as well as Austria-Hungary and Russia. Mainly because Romania still uses the gold coin standard.

Gold coins are minted with a certain amount of gold as the currency unit as the standard currency; gold coins can be freely minted and melted freely, with unlimited legal solvency, while limiting the casting and solvency of other coins; auxiliary coins and bank notes can be freely exchanged for gold coins or equivalent Gold; with gold as the sole reserve. This is the gold coin standard.

Moreover, under this system, the disadvantages of price chaos and unstable currency circulation that exist under the double standard system can be eliminated. It ensures that the currency in circulation does not depreciate against the standard currency metal gold, and ensures the unification of the world market and the relative stability of the foreign exchange market. It is a relatively stable currency system.

That's why Edel is so concerned about gold, and he also knows that this gold standard will continue to be oppressed until the end of World War II.