The proposals for the Royal Academy of Sciences and the Royal Institute of Industry were swiftly approved by the Cabinet eting, and the Ministry of Finance also declared it would allocate 8 million Australian dollars to construct these two universities.
As the institutions would carry the royal prefix, Arthur also specifically announced he would attend the ground-breaking ceremonies and the opening ceremonies of the first academic year for these two universities.
This also made the Cabinet give greater importance to these two universities, and Kailo, the Minister of Education, even designated them as the most vital projects in university construction, supervising them personally.
Once education matters were temporarily resolved, the dical issues actually didn’t pose much of a problem.
Australasia currently has two dical universities and a dical college, and the number of dical students they train every year is still quite substantial.
It’s worth noting that Australasian universities place the utmost emphasis on practical ability, and dical colleges and dical universities are naturally no exception.
Although most of these dical students graduated not many years ago, they have already interned several tis during their university studies, and are perfectly capable of assisting practicing doctors.
After a few years of experience accumulation and skill refinent, they would grow into qualified doctors in hospitals, and then be dispatched to other newly established hospitals.
Currently, the number of large hospitals in Australasia far exceeds the number of universities, with an average of more than five large hospitals in each state.
Among them, important urban cities like Sydney, lbourne, and Saint Arthur Castle have exaggerated numbers, with each having more than five large hospitals.
However, in regions like Java and Sumatra, where colonization has beco localized, there are currently only 1-2 large hospitals.
The developnt plan of the dical sector is, firstly, to increase the number of existing large hospitals.
After all, only large hospitals possess more advanced dical standards, especially for highly demanding surgical operations.
Only with an increasing number of large hospitals can we ensure that more people receive treatnt when needed.
Secondly, there is substantial support for the pharmaceutical industry.
Simply having a multitude of hospitals isn’t sufficient, the corresponding dical manufacturing industry must also be adequately developed.
The undisputed titan of the Australasian pharmaceutical industry is the dical Group Headquarters founded by Arthur.
As a company highly valued by Arthur in the field of pharmaceuticals, the dical Group’s dicines are bestsellers throughout Australasia, occupying over 75% of the Australasian pharmaceutical market.
Besides, the dical Group also cooperates with many countries, with annual pure profits from dicine exports amounting to at least 25 million Australian dollars.
Although this seems like a lot, the profits from Penicillin dicine sales account for the majority, and it’s decreasing year by year.
This isn’t to say that the global demand for Penicillin is decreasing. In truth, with population growth and wars occurring around the world, the demand for Penicillin couldn’t possibly lessen; it can only increase every year.
Even for later generations, the annual sales figures for Penicillin dicines remain an enormous number, signifying a long-lasting market.
For this reason, various countries covet the Penicillin dicine from Australasia and have begun developing their Penicillin dicines quite early on.
The first reason is to break Australasia’s monopoly in the field of Penicillin dicine.
The global monopoly is a significant blow to other Powers and all countries, representing trendous business opportunities once the monopoly is broken.
The second reason is to disrupt the Penicillin dicine market.
As Penicillin is an effective dicine for preventing wound infections, it’s guaranteed to not lack purchasers, also symbolizing the enormous profits from producing Penicillin dicine.
Since beginning sales of Penicillin in 1924, the production of Penicillin dicine has brought the dical Group more than 20 million Australian dollars in revenue each year, even surpassing 35 million Australian dollars during peak periods.
Although due to the participation of other countries, revenues from Penicillin sales by the dical Group have already dropped to around 20 million Australian dollars, and that’s after the devaluation of the currency.
But no one can deny the allure of a stable annual inco of 20 million Australian dollars for any country or enterprise.
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Regardless of the success achieved by the dical Group, it still cannot obscure the fact that the Australasian pharmaceutical industry lags behind that of other Powers.
Besides the dical Group, there are virtually no other internationally known pharmaceutical enterprises, except for one pharmaceutical company that relocated to Australasia during the economic crisis.
Aside from constructing more large hospitals, the Ministry of Health’s tasks include encouraging the private-sector pharmaceutical field to cultivate more outstanding pharmaceutical enterprises.
Only with a large number of pharmaceutical enterprises participating in dicine research and developnt do we have the hope to see world-leading dicinal products like Penicillin erge in Australasia.
And the funds needed for dicine research and developnt are imnse, aning that the support for these pharmaceutical enterprises must be significant, for this also pertains to the wellbeing of the Australasian people.
In regards to this, Arthur’s stance is that substantial support is possible, but the dicines developed by pharmaceutical enterprises must first be produced and sold in Australasia, and there must be a guarantee that the sold dicines are sufficiently effective.
Concerning pharmaceutical enterprises, Arthur is no stranger to the saying that a good dicine is not necessarily a good product.
While it’s understandable for enterprises to make money, if, under the premise of substantial governnt support, these pharmaceutical enterprises lack self-awareness, then Arthur would decisively abandon supporting them and leave them to their own fates.
After all, the royal dical Group has already established the pinnacle of the pyramid for Australasia’s drug research and developnt, ensuring that the Australasian people can enjoy a world-advanced dicinal system.
Only by firmly grasping the construction of large hospitals and encouraging the production and research and developnt of the pharmaceutical industry can the dical sector of Australasia look forward to better developnt and catch up with the forr United States.
Yes, although the Arica of the past no longer existed, Arthur still aid for the pinnacle of Arica’s heyday.
In terms of industrial economy and population, if Australasia could reach the scale of the United States at that ti, it would truly have the strength to covet the throne of the world’s hegemon.
But before that, the British would have to remain seated on the world hegemon’s throne, incidentally maintaining the stability of the global situation without giving rise to too many unforeseen events.
After concluding matters of education and dical care, this eting also essentially drew to a close.
The preliminary resolution of issues in education and dical care was a cause for celebration, but it also ant that Australasia would have to pay tens of millions of Australian dollars in funds.
Though it might not appear to be a lot, the accumulation of these expenses imposed a significant financial burden on the governnt.
The value of the Australian Dollar had depreciated to about 42% of its value before devaluation.
In other words, previously, constructing one of the most advanced battleships cost about 4 million Australian dollars, but now the price for one had surged past 11 million Australian dollars.
The currency still maintained so value at present, but it certainly was not as valuable as it had been before.
This represented a massive change in the data. For many years, the per capita annual inco of Australasians had remained around 60 Australian dollars.
However, with the significant devaluation of the currency, the per capita annual inco had continuously risen, and it was now nearing 152 Australian dollars.
Actually, this is one of the reasons why European countries pursue currency devaluation. In any case, it appears that both the actual inco of the people and the governnt’s financial revenues have increased.
Fortunately, the value of Australasia’s currency had been quite resilient before; although it had experienced a slum after depreciation, its value didn’t plumt from the skies and remained relatively stable.
Especially after strengthening ties with the Pound, the Pound-Australian Dollar system has beco the most popular global currency, as well as the preferred choice in international trades apart from Gold and crucial supplies.
But how should I put it? This isn’t because the Pound-Australian Dollar system is particularly exceptional.
A closer look at the current great Powers clarifies that besides the Pound-Australian Dollar system, other systems like the Franc, Ruble, and US Dollar systems all have significant flaws; moreover, after the division of Arica, the international influence of the US dollar has almost hit zero.
How long the value of the US dollar can hold is uncertain, leading to its near worthlessness in major transactions—no one opts to accept large amounts of US dollars.
The Arican people are also trying their best to exchange their US dollars for commodities or other currencies, with the Pound and Australian Dollar remaining the most popular.
Besides the Pound and Australian Dollar, the devaluation of other currencies is uncontrollable. The current global monetary system is already very chaotic, with the Franc’s value potentially experiencing significant fluctuations within a few days.
Of course, the Frenchn are certainly not the ones who have suffered the most.
The concept of currency devaluation has been proposed for many years now, and essentially all countries have also abandoned the gold standard.
Among all countries, it’s probably the Germans who have experienced the most severe currency devaluation. The outbreak of the economic crisis inflicted severe chaos upon the Germans and turned the Mark into worthless paper.
Yes, just worthless paper.
Initially, the value of the Mark was stable. Although the devaluation of the Mark was significant, it wasn’t as exaggerated as one might imagine.
Arthur had assud that Germany would not descend into the chaos depicted in history, but as it turned out, the chaos was rely delayed.
Starting from the second half of 1929, the German Mark underwent a bizarre period of devaluation.
How bizarre? It was a scale of devaluation that Arthur had never seen before, so extre that it caught the attention of economists from various countries.
It was also from this point that the Mark gradually beca sothing people could not accept—worthless paper.
Previously, the exchange rate of the Mark to the Pound was about 1355 to 1.
This exchange rate seems quite exaggerated but is considered relatively high at present.
According to the latest news from Germany, the value of one Imperial Mark has reached an all-ti low.
There is no longer an exchange rate between the Pound and the Mark because nobody is willing to convert their Pounds into Marks.
A glance at the actual commodity prices in Germany makes clear that 500,000 Marks for a loaf of bread is not an exaggeration.
On the streets of Berlin, a pound of what looks to be very ordinary white bread is now selling for around 3500 Marks.
And a pound of black bread, which rely looking at makes one’s throat itch, is also selling for a staggering 1700 Marks.
These figures may not seem exaggerated. But it’s worth noting that the price of bread two years ago was only a fraction of what it is now.
And what is the average annual inco for the German populace now?
Just counting the working Germans, their annual inco barely reaches a hundred thousand Marks a year.
A hundred thousand Marks may seem like a high inco, but if the vast majority of that inco is spent on bread and other food, it’s just enough to keep oneself alive.
But apart from these working individuals, Germany still has a large unemployed population, also a crucial factor in the continuous devaluation of the Mark and the rising value of bread.
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