Dur premiumrebateforexg h cashbackforexreview visit to China, British Chancellor of the Exchequer George Osborne said that a large country like China should have a global currency How Forex Rebates Work that China should develop its RMB through an international HowForexRebatesWork center like bestforexrebaterates. In the 18th century, London became a trade and financial center on the shoulders of Amsterdam alongside Paris, while the Napoleonic Wars not only destroyed the last hope of the revival of the maritime coachman (Holland), but also pushed London to the top of the financial pyramid. The rise of the cashback forex of London is also the hidden logic of the rise and fall of the British Empire, in todays globalized economy, the rise of the City of London is often thought of as new The City of Finance is growing Napoleon once ridiculed Britain as a small shopkeeper state, the emperor was eventually defeated at Waterloo, the fall of the empire, and Britain ascended to the top of the world power. And Britain has ascended to the pinnacle of world power unaware that Frances expansion on the European continent has helped Britain to level other possible challengers in Europe, especially Amsterdam, after the annexation of the Netherlands to France in 1795, Amsterdam is no longer a possibility of recovery, the future of the financial center competition is only likely to occur between Paris and London The clever cat did not teach the tiger the ability to go up the tree. So the cat is still the tigers master, and London will be Amsterdams skills all learned home in the 17th century to lead the European financial tide is not Amsterdam, and London is only a trade center at the end of the 17th century, the United Kingdom happened two very important things: the first is the Glorious Revolution, 1688, William of the Netherlands into the British, to achieve a peaceful change of power, more importantly, the royal treasury became the state treasury, based on the credit of the state issued public debt, changing the way the government finances and creating opportunities for the development of the bond market; the second is the establishment of the Bank of England in 1694, which is the prototype of the modern central bank, so that Britain has established a complete money market The public debt system and money market is the institutional basis for the rise of the City of London, of course, these institutional innovations The original intention was not for the development of financial markets, but to provide more convenient and cheap financing to the government, at that time, the European countries were constantly engaged in war this burning game each war will bring the expansion of the bond market, military needs brought about by the market can be converted into civilian use, bankers, traders can participate in it In the history of the development of European countries, the game between power and capital has been has not stopped, if power overwhelms capital, then it will produce me that is the state such a centralized government, such as France; if capital overwhelms power, there will be urban republics, such as the Italian region; to achieve a relative balance between the two is the United Kingdom, the City of London financial city is only part of the City of Greater London, its history can be traced back to 1189, and the famous "Magna Carta" in 1215 for power and The rules of the game between capital were established, the City was self-governing, the government could not interfere at will, and the kings of England were willing to do business in partnership with merchants without this political commitment, financial transactions were difficult to carry out 1698 some bond trading merchants were driven out of the Royal Exchange by others because they were too noisy when trading, these bond traders traded along Lombardy Street By 1773, it had taken shape and was renamed the Stock Exchange, just like Wall Street in the United States, seemingly unintentionally, but the inevitable result of frequent trading London is first of all a free trade port, at the hub of the trade network consisting of Europe, America and Asia, both direct trade and re-export trade are increasing exponentially to do trade requires sea transport The development of marine insurance business, parallel to the shipping business some mariners often patronize an inn called Edward & bull; Lloyds, where transactions and auctions, with the increase in participants, the inn has become a members club, marine insurance is almost always carried out here, in 1773 the inn began trading in the Royal Exchange Hall parallel to the development of trade is the boom in note trading, relying on the huge colonial transactions, London surpassed Amsterdam in trade financing, and the French Revolution made London the leader in the field of government borrowing 1794 when the largest bank in London, Baring Brothers, cooperated with the Dutch Hopper Company to finance European governments, at first Baring Brothers was only a supporting role, because of the lack of experience in this area by 1803 In 1803, Baring Brothers became the main force to finance the purchase of Louisiana for the United States, the method is that Baring Brothers accepted the United States treasury bonds, while paying gold nuggets to France, you know, Britain and France at this time in the confrontation, Baring Brothers is not a sellout? And this is precisely the charm of the London financial market, more and more governments run to the London financial market for financing, after the defeat of France needed to pay 700 million francs of reparations, the Bahrain Brothers Company to help, to undertake the issuance of French bonds, the French Prime Minister at the time, the Duke of Richelieu lamented: Europe has six major forces: Britain, France, Prussia, Austria, Russia and the Bahrain Brothers Company  Londons financial city is booming, including Europes most famous Rothschild family also settled in London, by 1815, the Rothschild family can already be equal to the Baring family financial twin city tale Napoleon was well aware of the strength of Britain, during his time as emperor, France also established a central bank, the Bank of France, to compete with the Bank of England After the war, the European continent can compete with London is only Paris, and the Franco-Prussian War of 1871 ended the twin-city competition between Paris and London, London can be a ride In 1821, Britain established the gold standard system, along with the British began to wind free trade system, these two systems are considered the riddle of economic prosperity and stability in the 19th century gold standard system is The government implemented a far-sighted policy, which put an end to the profiteering and turbulence of the currency market, and therefore caused the resistance of the financial city, and the then leader of the Conservative Party William & bull; Homkison to the Prime Minister Lord Liverpool wrote that: the Bank of England will make London the worlds largest gold market, London will become the settlement of the worlds currency transactions since then history has proved the vision of the British government Of course, wait until the gold standard unified the world before the City of London had the ability to point the finger The City of London in the 19th century was still built on trade, and the main jobs were still created by business, until 1911, the financial sector (banks) provided 17% of the jobs under the banner of free trade, Londons dominant position in international trade was further strengthened, in The share of global trade volume rose from 20% in 1850 to 25% in 1860, while France was only about half the size of Britains. Paris was not as well located as London, but the rise of railroad construction in the 1840s gave Paris the opportunity to turn the tide. By the 1860s, the size of bonds issued in Paris was comparable to that of London, and the countries that issued bonds in Paris tended to peg their currencies to Paris, and in 1865 France, along with Italy, Belgium and Switzerland, established the Latin Monetary Union, a silver coin called the Ejus as the common currency of each country, and in 1979, more than a hundred years later, the European unit of currency was also called the Ejus, which was, of course, an afterthought. The initiative and challenge, London also relatively recognized, the only objection is that the pound is a more appropriate benchmark currency Paris to challenge Londons plan is the embodiment of the ambitions of the then French Emperor Napoleon III, 1871 Franco-Prussian War, Napoleon III became a prisoner, France to pay compensation of 5 billion francs, war reparations although not so much as to make France bankrupt, but make Pariss ability to finance debt issuance greatly reduced The more important thing is that Bismarck led Germany to accept the gold standard, joined the British chorus in the next 40 years, the British-led gold standard unified the world, the City of London became the scheduling hub of the worlds wealth building The rise of the City of London from the tradition of autonomy and free competition, without the permission of the Mayor of the City of London, the Queen can not enter the City at will, it is the power of self-restraint For the free competition of capital to provide a wide space