The Rise Of Australasia

Chapter 676 - 510: Technology Research_2

Through trade during the Russian Civil War and with Nicholas II, Australasia has already obtained a large amount of mineral resources and gold reserves from Russia, including even population from immigrants. These are all valuable assets in Russia, and they also play a significant role in Australasia.

Especially the gold reserves, which can make the Australian dollar more robust, are of great strategic significance to Australasia.

Given the current state of the United States, it is impossible for the US dollar to become a global currency.

At present, the more robust currencies, besides the British pound of the British Empire, include the French franc, the Australian dollar of Australasia, and the US dollar.

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However, both the French franc and the US dollar are experiencing devaluation, especially the Franc, whose value has been compromised due to the war.

The less devalued pound and Australian dollar should be the two strongest currencies in the world today.

Although the Australian dollar was established based on the pound, Arthur also has the ambition to promote the Australian dollar globally.

However, the current scale of the Australian dollar issuance is not large, and in most cases, it only circulates within Australasia, which is the biggest problem facing the Australian dollar at present.

To solve this problem, more gold reserves must be obtained to print more currency and truly push the Australian dollar towards globalization.

Arthur has never been stingy with the research funds for the Royal Science Academy. As long as it is not deliberately wasted, even if it exceeds the budget, Arthur does not mind too much.

At present, the main research direction of the Royal Science Academy is the development of power transmission and transformation technology, which affects the development of Australasia’s electrical industry and promotes the progress of civil and industrial electricity in Australasia.

Secondly, the Royal Science Academy is also researching new elements in physics. It is mainly those physicists who are responsible for this, and the research funds consumed each year are as high as several hundred thousand Australian dollars.

Furthermore, rockets and missile development, nuclear exploration, exploration technology for crude oil and mineral resources, improvement of smelting technology, research and development of train power and braking systems, the chemical industry, bioengineering, and other technologies are also within the scope of the research of the Royal Science Academy.

Last year, the Royal Science Academy conducted more than 400 research projects, with each research project costing 50,000 Australian dollars on average. This is definitely not a small number.

According to the current per capita income of Australasia, the research funding for each project is enough for an Australasian to work for more than 800 years without eating or drinking. This is a very exaggerated number range.

As can be seen, the Royal Science Academy’s research covers both civil and military fields, as well as practical and theoretical research.

Among them, Albert Einstein is responsible for exploring nuclear fields, and Tesla is responsible for the power transmission and transformation projects.

Basically, each major project has a sufficiently qualified technical personnel as the main R&D, and there are many renowned experts and university professors assisting.

And the involvement of these university students can also improve their knowledge level, helping them learn some knowledge from such large-scale research.

For Arthur, these university students will be the next generation of technical experts in Australasia, and it is beneficial for Australasia to cultivate them in advance.