701 can be said to be an extremely important year for the empire. No matter from any perspective, the empire's achievements in 701 are brilliant. Many historians in later generations even believe that if the year 700 announced the founding of the Tang Empire, It was officially established in 701, which was the beginning of the true glory of the Tang Empire.
A series of laws and decrees were promulgated. As the empire's nominal legal consultation and discussion body, the Empire's Senate and Citizens' Council spent almost two or three days a week discussing the terms of a certain law or decree. I originally thought that this would It is just an embellishment used by the empire to decorate the facade, but now everyone has discovered that although these two chambers cannot see real power actions like the Government Affairs Council, they are playing an increasingly important role as the formulation and promoter of laws and decrees. After realizing this, all walks of life began to attach importance to this representative identity, which was originally just for personal honor.
In 701, the Imperial Senate and the Citizen Council discussed and proposed more than 30 laws, decrees, and articles, more than 80% of which were related to the economic development of the empire. Although many of them initially copied some legal articles from the Western Continent, but in subsequent years, Later, continuous modification and improvement to make it consistent with the actual national conditions of the empire became the main work of representatives of the Imperial Senate and the People's Council. Countless amendments are proposed in both houses of Congress almost every week. After fierce debates and arguments, the two-yuan conference votes and passes them, and then they are submitted to His Majesty the Emperor for approval or transferred to the State Council for approval.
Representatives of the Senate and the House of Citizens gradually realized that their knowledge of the law was shallow and that they lacked knowledge of certain laws and interests that were related to their own interests. Therefore, hiring deputy assistants and secretaries became the most fashionable method for representatives. This method was so great that whenever the Senate and the Citizens' Chamber were having meetings to discuss and debate, the so-called assistants or secretaries gathered outside the gates of the two houses. Later, at the suggestion of the representatives of the two houses, the State Council allocated special funds to the two houses. On the land on both sides, separate offices have been built specifically for representatives of the two houses, so that representatives can communicate with their assistants and secretaries during breaks in meetings, or ask their assistants and secretaries for their opinions on a certain clause. See Whether it harms or benefits one's own interests.
Graduates from Imperial College and Northwestern University who studied law and economics suddenly became the most popular, and their salaries soared. In 701 alone, more than a hundred past and recent graduates in this field became assistants or secretaries to these representatives. Many representatives with deep pockets even hired two to three secretaries and assistants per person. Some representatives representing the interests of a certain region or class have even formed think tanks to serve themselves to help them plan and study proposals that will benefit the interests of their own class or region.
According to the provisions of the Basic Law of the Imperial Constitution, in order to be qualified to be submitted to His Majesty the Emperor for approval to become a law, it must be approved by more than two-thirds of the representatives of each house of the two houses before it can be submitted to His Majesty the Emperor. It can become a law after being approved by His Majesty the Emperor; the administrative bill transferred to the Imperial Government Council is much more relaxed. It only needs to be approved by more than half of the representatives of the two houses before it can be transferred to the Imperial Government Council. After the executive meeting of the Government Council passes it, it becomes signed by the Prime Minister of the Government Council. Acts with administrative effect.
The basic rules of the Empire's Constitution were compiled by a group of legal experts from the Empire after studying the Constitution of the Tanghe Empire and the constitutions of the Western Continent countries, combined with the current realities of the Empire. The first basic law of the founding of the country. The basis of all law. In order to amend the Imperial Constitution, it must be approved by more than three-quarters of the representatives of the Imperial Senate and the Citizens' Chamber, and can only be amended with the consent of His Majesty the Emperor.
The passage of laws, regulations, and their amendments enabled the empire to quickly make up for its original deficiencies in legislation, and normative legislation also greatly promoted the all-round development of the empire's industrial and commercial economy. After studying the suggestions of Mr. Harting, a famous economist from the Western Continent, the Imperial Treasury quickly responded and announced that the Empire would choose Luxor to establish the Luxor Stock Exchange and the Luxor Stock Exchange in the next year of 701. Kesuo Futures Exchange, Yuhang Stock Exchange and Jinling Futures Exchange will also be listed for business in the first half of 2020. The Empire encourages the establishment of joint-stock enterprises and will protect equity for trading on the stock exchange; the futures exchange is also a new thing in the Western Continent with a short history. The Empire quickly catches up in this regard and attracts a large number of investments from the Western Continent. The researchers set their sights on the East.
In order to encourage people's enthusiasm for setting up joint-stock enterprises, the empire also issued a series of regulations to protect citizens' equity property and income. Wu Feng also officially vetoed the sale of all the existing mortar yards in the empire to the big merchants in the empire who were eager to take over, except that they sold no more than 30% of the equity, and the remaining 70% of the equity would be It will be traded directly through the stock exchange as the first batch of listed stocks in the second half of the year. This makes the businessmen in the empire who are eager to take control anxious but helpless. The rubber factory also adopted the same approach, except that the empire sold 50% of its shares, and the remaining half of the shares still needed to be sold through the stock exchange.
These two pieces of good news suddenly made the entire empire's industry and commerce focus on the upcoming stock exchange and futures exchange. Governor Merry has made it clear that several major spices, a specialty of Merry County, will become futures. The Imperial Treasury also stated that wheat, timber, iron ore and gold can all be traded on futures exchanges.
This almost immediately ignited enthusiasm for stock exchanges and futures exchanges. In conjunction with the upcoming debut of the stock exchange and futures exchange, a large number of books on this topic have also begun to sell well in major cities in the empire's counties, allowing publishers who were the first to smell the business opportunities to make a fortune.
The income from the sale of the mortar yards was quickly invested in the construction of more mortar yards by the Imperial Treasury. Several major transportation and water conservancy projects meant that all existing mortar yards were fully operational and could no longer meet the needs. Imperial citizens had begun to complain. Since the imperial government monopolized all the mortar produced in the mortar field, the people were unable to enjoy the benefits of this historic creation in the history of architecture. However, this situation cannot be changed in a short time, even if there are two more Ten new mortar yards are also under construction. Some businessmen have united and hope to purchase the mortar formula listed as a first-class patent by the Patent Department of the Imperial Ministry of Science and Technology and build their own mortar yards that are entirely privately held, so that the products can be sold to The private sector will be able to obtain greater profits.
The Imperial Ministry of Finance and the Ministry of Science and Technology had different opinions on this issue. The Imperial Ministry of Science and Technology advocated widespread promotion of the use of mortar and supported the sale of patents, while the Imperial Ministry of Finance focused on a temporary monopoly on mortar formulas that would allow the empire to control mortar fields. In the later stage, when the shares were sold on the IPO, they would gain even more generous profits. Both parties held different opinions, but in the end Xiao Tang agreed to the plan to authorize the transfer of patents. The other party clearly rejected the idea of the Imperial Ministry of Finance wanting to invest in shares, and the businessmen did not agree. I hope my business will be affected by the government. As soon as the precedent was set, businessmen who purchased patent licenses came one after another. In addition to the mortar yards invested and built by the Imperial Ministry of Finance, there were fifteen mortar yards built by private investment. The popularity can be imagined.
701 was also the year when the empire's metallurgical industry achieved a huge leap in development. The empire revised the practice of monopolizing mineral products, liberalized control of the metallurgical industry, encouraged private funds to enter the smelting industry, and also began to open up to a limited extent the mining industry. , except for some large mines, almost all small and medium-sized mines have been liberalized. Large mines also allow private capital to enter, but the controlling rights are still controlled by the imperial government. Private capital that has obtained preferential conditions and policies has poured in in large quantities and is highly profitable. The smelting industry has caused the scale of smelting companies to expand, and the shadow of giant mining, smelting and forging joint ventures has begun to appear.
In contrast, the Northwest Zhan family in De'an County of West India and De'an County of Central India jointly established the Imperial Mid-Continent Metallurgical and Mining United Company with the Meili business giant Mitale family and several local Indian wealthy families. With the support of Pauling, Governor of Dean County in Central India and Link, Governor of Dean County in West India, they signed an agreement with the local governments of Dean County in Central India and Dean County in West India, monopolizing the rights of Dean County in Central India and Dean County in Western India. It has the mining rights of large-scale iron ores in several prefectures of De'an County, and actively recruits skilled workers from the Western Continent, introduces advanced smelting technology from the Western Continent, and controls almost the production and sales of iron products in most of the Indian region. It actively cooperates with Xinglong The Mining and Smelting Joint Stock Company competes for the market in East Tengger County and Northwestern County, becoming the only metallurgical giant in the metallurgical industry that can rival Xinglong Group.