The Rise Of Australasia

"The situation in the United States is already very bad, Your Majesty," Foreign Minister Darren stood up and said with a smile, "According to the intelligence from our envoys, the unemployment rate in the United States has risen to 13% and is still increasing.

On the streets of the United States, there are crowds of people looking for jobs everywhere, but there are very few job positions available, and more companies are continuing to lay off employees. @@novelbin@@

Based on our estimates, in just this half a month, at least a thousand banks in the United States have closed down and tens of thousands of enterprises have gone bankrupt, with economic losses amounting to 40 billion US dollars.

As soon as the data on our unemployed population was reported, it attracted a lot of attention from the American people. The west coast of the United States is now teeming with Americans looking to go abroad in search of work.

Once the news that we are attracting immigrants is released, I’m afraid that hundreds of thousands of Americans will come immediately."

Such a crisis is not friendly to a country made up of multiple ethnic groups like an immigration nation, especially when the United States is in the very heart of an economic crisis. Your journey continues with NovelBin.Côm

When a country is composed of a single ethnic group, that country is the most stable. As the number of ethnic groups increases, and even more so when there are racial issues like those in the United States, the stability of the country comes into question.

This is actually normal, given that the history of the United States is too short, with its founding history tracing back only a little over 100 years.

At that time, the United States only had 13 states; now, it spans across the whole of North America and even owns overseas territories like the State of Alaska and Hawaii.

It seems to have a vast territory and a large population, but there are also many domestic issues in the United States, so many that they can even affect the unity of the country.

Originally, those immigrants went to the United States in search of a better environment. Now that the United States is plagued by an economic crisis, it’s not surprising that the population would migrate again.

"The Foreign Affairs Department and the Immigration Bureau need to communicate well. We need British-derived Caucasians more, and we need to prevent the possibility of Black people coming to Australasia.

As for other populations, we do not bar them from coming to Australasia, but we must control the number so as not to affect our population ratio," Arthur instructed.

As a former jewel of Britain, there is still a substantial number of British descendants in the United States. Although Americans are also deepening the impression of the great American nation, Britain is still too brilliant now, and no one would deny being British.

Out of the American population, except for Black people, Australasia can actually accept all of them.

After all, Australasia is also an immigration country and does not reject immigrants from different countries.

But regardless, having British descendants as the main ethnic group is still a national policy, and it cannot be changed in the short term.

When the concept of the Australasian nation is well-developed, only then can we attract a large number of non-British immigrants."

"Yes, Your Majesty!" Minister Darren quickly nodded respectfully.

"Besides the United States, we will not refuse people from Europe. Times have changed, and we will take as many immigrants as we can attract. Missing such an opportunity might mean never encountering it again.

I hope the population can soon reach the threshold of 40 million, which is key to whether we can become a superpower," Arthur encouraged the Department of Civil Affairs and Foreign Affairs Department, then turned his gaze towards the Finance Department and said:

"Now, back to our infrastructure plans, how much funds can the nation’s finance provide?"

Hearing Arthur’s question, Minister of Finance Hunter quickly replied, "Your Majesty, the Finance Department can make available 520 million Australian dollars. After subtracting 82 million Australian dollars for the second half of the fiscal budget, we have about 438 million Australian dollars available."

Arthur nodded, and continued instructing, "The funds seem sufficient; we can start on infrastructure development. If funds are insufficient, we can also issue government bonds to raise some money.

I hope that there will be no problems with infrastructure development and relief, as they are related to our survival in the economic crisis.

The Finance Department must provide strong support to all departments, under no circumstances should the financial chain be broken, or else all efforts will be wasted."

"As you command, Your Majesty!"

"In addition, the British must also be considering devaluing the Pound, right? If the British start devaluing the Pound, we need to follow suit immediately. We can’t fall behind in this currency devaluation," Arthur said with a smile.

Although currency devaluation results in losses for the interests of the people, it offers many benefits for the economic development of the country.

Especially in the current economic crisis, printing a large amount of money to build infrastructure can dramatically boost the economy, allowing Australasia to emerge unscathed or even experience economic growth amidst the crisis.

The only downside is that the funds in the hands of the people will become less valuable, and the value of the Australian Dollar will greatly diminish.

But as countries have been abandoning the gold standard, sticking to it would make Australasia an outlier, suffering in import and export trade.

As for the harm caused to people’s interests by currency devaluation, the majority of the impact is borne by the government.

As long as Arthur does not appear publicly, the effects of the currency devaluation will not reach him and will not harm the prestige of the royal family.

And the Prime Minister, Roger, along with the entire Cabinet Government, will be the targets of the public’s dissatisfaction—not a difficult problem to solve.

Simply replacing the Prime Minister after the economic crisis concludes can appease the people’s emotions. As for the current Prime Minister, Roger, who has been with Arthur since the Australian Principality era, Arthur will definitely not shortchange him. A title of Earl would be the best choice for rewarding and pacifying him.

Roger, the Prime Minister, was obviously aware of this. When Arthur mentioned currency devaluation, he understood the benefits and harms it would bring, as well as his role in the process.

However, the Prime Minister would not refuse being utilized by Arthur, as until now, Arthur has been quite generous to his meritorious subjects with titles, rewards, and lands—none lacking.

Although this could mean that his term as Prime Minister might end after a single cycle, obtaining a higher title of nobility is also the pursuit of these officers, isn’t it?

"I understand, Your Majesty. Should we continue pegging our currency to the Pound during the devaluation?" Prime Minister Roger nodded, showing no discomfort with the outcome, and dutifully asked.

"Let’s first see what the British do, but we don’t need to be too deliberate in pegging our currency to the Pound. Adjust according to our domestic actual situation, and at the same time, try not to harm the interests of the people as much as possible," Arthur instructed.

Once currency devaluation begins, it’s not so easy to control. After all, the currencies of other countries are devaluing as well, plus constant changes in import and export trade make it difficult to precisely control the extent of our currency’s devaluation.

Nevertheless, it’s still possible to keep it within a general range, which is also why Arthur mentioned waiting to see the British actions first.

After all, the Australian Dollar has been highly pegged to the Pound. It’s not too likely to break away from the Pound all at once, at least until the decline of the British Empire, it’s not necessary to do so.

Prime Minister Roger nodded, indicating he understood.

On August 5, 1926, the Australasian Government unveiled an infrastructure plan that ignited world opinion.

Because in this infrastructure plan, the Australasian Government proposed using at least 500 million Australian Dollars across railways, highways, food production, harbors, urban cities, water conservancy, and other areas over a period of four years.

They projected the construction of at least 10,000 kilometers of railway, 20,000 kilometers of highway, adding over a hundred food-producing areas, and increasing food production by more than 1.5 million tons.

The plan also included the expansion of harbors in Sydney, Melbourne, and other cities, as well as rebuilding some urban cities with irrational planning, and also expanding the scope of Saint Arthur Castle and so on.

Additionally, there were water conservancy projects like reservoirs and hydropower stations, and water transfer pipelines for projects like the North Water South Transfer and so on.

Altogether, these projects were expected to create 2 million jobs. This proudly allowed the Australasian Government to declare that people need not worry about the risk of unemployment, as the current vacancies outnumber those unemployed by several dozen times.