His European central bank held interest rates unchanged and signaled that it would maintain its aggressive currency, despite data showing strong economic performance in the region. In the 18th century, the western countries successively carried out the industrial revolution, the universal adoption of large machinery, laid the foundation for the establishment of factory system. In 1771, British man Richard arkwright1732-1792 founded the first cotton-yarn factory in the city of kron. In the 1930s and 1940s, the factory system was established in Britain, Germany and other countries. The main sex of factory system is: to carry out large-scale intensive labor; Using big machine to improve efficiency production; Implement the employment system; The division of labor is deepening and production is socialized. The establishment of factory system marks the real birth of enterprises. Philip Hammond has been trying to persuade conservatives that tax increases and spending cuts are needed to reduce the deficit. Canning's 1929 book, economics in accounting, cites the economist's view that asset values are determined by the present value of the future cash flows of assets. Realizing the core commitment of blockchain to people's rights - we have experienced systemic failure in social globalization. The failure causes people falling into poverty, lack of education and basic services, have no voice, lack of liquidity and freedom, while the rights of the company was expanding and protection, on the suffering of the poor to achieve development. "Conceptual framework" published by the financial accounting standards board