1861. London is the center of the 🌍

Fashionable ladies marvel at telegraph wires stretching overhead. Well-dressed businessmen put steam engines to work.

🇬🇧 Britain is at the apex of its power

Did you know it was the most #Bitcoin country of the 19th century?

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🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:

-53% of iron

-50% of coal & lignite

-It consumed almost half of the 🌍's cotton output

🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.

All while its population was only 2% of the 🌍 & 10% of Europe!

Its energy consumption from modern sources (coal, lignite and oil in 1861) was:

5x that of the 🇺🇸US or 🇩🇪Germany

6x that of 🇫🇷France

155x (!) that of 🇷🇺Russia

🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products

Its merchant fleet employed 30% of all the merchant ships in the world!

🇬🇧Britain truly ruled the waves...

How did 🇬🇧Britain achieve these staggering feats?

It was a #Bitcoin country!

This is why 👇

1- Gold standard

🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable

Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London

This made international trade a lot easier..

The gold standard heralded a period of great inventions:

-Steam locomotive (1816)

-Electric motor (1821)

-Analytical engine (1830s)

-Telegraph (1837)

-Sewing machine (1846)

-Vulcanized rubber (1844)

-Photography (1839)

2- Minimal government

The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual

Government expenses were seen as an impediment to growth & were to be avoided where possible

Adam Smith explains 👇

3-Trade & eternal peace

The Brits preached trade & eternal peace. Make money, not war...

They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.

4- Investments all over the globe

Money made overseas was often invested overseas as well.

🇬🇧Britain built railways, ports, utilities & agricultural enterprises.

And the proceeds of these investments could be exported to its home market

There is a great lesson to be learned from 19th century 🇬🇧Britain

Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality

Greatness is within your grasp!