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When the value reaches the extent you're feeling you've earned enough on your investment, promote it off. If Frederick William IV had acted with sufficient willpower, gold price he might have been able to reach his purpose before Francis Joseph might intervene successfully in the affairs of Germany. On 10 December 1870, the North German Confederation Reichstag renamed the Confederation the "German Empire" and gave the title of German Emperor to William I, the King of Prussia, as Bundespräsidium of the Confederation.

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