EventChanged this version
The Creation of a National Bank
With the costs of every new war mounting and the finances of the Flavor Rank in disarray, a group of wealthy merchants and financiers have proposed the creation of a national bank. This institution would not merely provide loans but serve the Crown by managing Government Stocks to raise capital quickly while paying only modest interest each month. The bonds need never be repaid unless the Crown chooses to do so, turning our debt into a permanent and flexible instrument of state finance. However, some within the Court Title oppose such a move, fearing it will permanently entangle the state with private financiers.
Central BankingAdvancetriggerCentral BankBuildingoption 1
EnglandCountrydynamic historical event.tag
BankingInstitutiontrigger
Capital Economy vs Traditional EconomySocietal ValuetriggerDefinitionin_game/events/DHE/flavor_ENG.txt:3272
3273hide_portraits = yes
3274type = country_event
3275title = flavor_eng.28.title The Creation of a National Bank
3276desc = flavor_eng.28.desc With the costs of every new war mounting and the finances of the Flavor Rank in disarray, a group of wealthy merchants and financiers have proposed the creation of a national bank. This institution would not merely provide loans but serve the Crown by managing Government Stocks to raise capital quickly while paying only modest interest each month. The bonds need never be repaid unless the Crown chooses to do so, turning our debt into a permanent and flexible instrument of state finance. However, some within the Court Title oppose such a move, fearing it will permanently entangle the state with private financiers.
3277outcome = neutral
3278fire_only_once = yes
3279historical_info = flavor_eng.28.historical_info The Bank of England was founded in 1694 as a response to costly wars and the growing need of financing them. It introduced the concept of long-term government debt funded through bonds sold to private investors, a revolutionary idea at the time. It soon enjoyed a reputation of seriousness and reliability, in particular regarding the credibility of the English Pound Sterling, in a time where most other currencies were at the mercy of state bankruptcies and coinage debasement. This stability was preponderant in the slowly but constantly increasing domination of the world economy by Great Britain in the 18th and 19th centuries. It also allowed a greater flexibility to the British government in raising funds for warfare.
3280dynamic_historical_event = {
}
3287illustration_tags = {
328810 = regular
328910 = interior
}
3292trigger = {
3293location:london = {
3294owner ?= root
3295is_capital = yes
}
3298OR = {
3299AND = {
3300at_war = yes
3301war_exhaustion_percentage > 0.25
}
3303num_loans > 0
}
}
3309immediate = {
}
3311ruler_or_regent ?= {
3311save_scope_as = target_character
}
}