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Chapter 663: The Economic Crisis Breaks Out

"In order to minimize the impact of this financial disaster in the United States on Germany, the imperial government should immediately start establishing tariff barriers, excluding the goods of the United States and Britain from the imperial market, thereby providing our domestic enterprises with objective needs to stimulate their continued production. ≥ At the same time, the imperial government should also build large-scale housing, bridges, railways and other infrastructure within the control area to stimulate domestic demand and make up for the impact on our foreign markets after the establishment of tariff barriers in various countries. After all, raising tariffs is the most common method for countries to face economic problems, and we must prepare accordingly."

Speaking of this, the solemn meaning in Schacht's eyes finally dissolved: "God favors that Germany today controls nearly one million square kilometers of fertile land in Eastern Europe and more than 30 million foreign subjects, and can be found infrastructural projects to stimulate domestic demand; this means that we can easily develop the market potential of these lands and use them to reactivate the empire's economy. A large number of overseas colonies can also provide enough flexibility for the empire to resist this financial shock from abroad. As long as the imperial government responds properly in this crisis, it will be able to safely survive the spire of evil waves in a year."

Qingying nodded after hearing this. Since the German economy in this plane was not supported by the American capital in Dawys' plan, he was confident that the German economy would never suffer a catastrophe like in history; and Schacht's last words made him fully believe in his judgment. Compared with colonies far away from overseas, Poland and Ukraine, which are close to them, are the capital for Germany to settle down in this economic crisis: by investing in and building in these regions, Germany can not only get rid of foreign economic shocks, but also firmly control these regions in its own hands, thus truly bringing them into Germany's territory.

"If the situation allows, we can establish a tariff consortium to include all the countries on the European continent that currently respects Berlin's will, so that the influence of the empire can be exerted more widely in Europe." Qingying proposed his long-planned strategy. The EU in another plane has been deeply imprinted in the heart of Qingying. If we can take advantage of the opportunity of this economic crisis to integrate European tariffs, a European community will gradually take shape under the leadership of Germany; and Germany can also use economic means to take advantage of the industrial power of other countries as its own, which is undoubtedly an extremely necessary means in the future bipolar battle with the United States. Not to mention, Italy, which has always been with the Allies' camp, will also completely move closer to Germany with the changes in the economic level!

Schacht felt aroused when he heard this. At present, the United States, as the number one economy in the capitalist world, has extensive and close trade ties with European countries: once there is a big shock in its finance, it will inevitably have a serious impact on these countries. However, these countries do not strictly regulate virtual finance like Germany, nor do they have Eastern European occupation zones like Germany. The blow they will suffer will be far better than themselves. At that time, as long as they take advantage of the situation, the internal economies of these countries will gradually be marked by Germany like patients' blood exchange, and eventually surround the German star. After a moment of simple thinking, Schacht respectfully claimed that it was. Looking at the monarch who was still as glorious as before, he finally understood why William, the Great, who was the previous generation of Gongmai, voluntarily withdrew before the administration.

"In addition, we also need to take this opportunity to invite all the high-end talents in the United States to the Imperial enterprises or the Royal Institute. With the unprecedented plunge of US stocks, the companies that originally hired them will inevitably fall into the dilemma of fund rupture or even bankruptcy. At this time, they only need to send a recruitment letter and a contract template to them who are equally embarrassed to get the core talents who play the role of pillars in large enterprises and scientific research institutions!" Qingying turned his eyes to Berman next to him, with a solemn look on his face, "This is the empire's first priority after resolving the economic crisis and must be thoroughly implemented. If the Ministry of Finance cannot provide enough funds for a while, I will persuade the emperor to issue Hohenzollern's treasury to make up for it."

Qingying had been planning for a long time in his mind. In another plane without him, the only one that had not suffered from the financial crisis of the United States in the early 1930s was the Soviet Union: because this socialist country was completely blocked and isolated in the East by the Western world, and had almost no trade with it, the Russians were able to escape. However, the Soviet Union was obviously not satisfied with it. As it was the beginning of its first five-year plan, a large number of technical personnel and equipment and machinery were seriously lacking: in this case, the Soviet Union began to introduce technicians, equipment and machinery to the Western world on a large scale, and poached 100,000 technical workers and engineers from the United States alone. With the addition of these people, the Soviet Union's important industrial departments established a large number of backbone enterprises, thus laying the foundation for its future industrial as the world's pole.

Although Germany's demand for equipment and machinery and multinational investment is not as hungry as the poor and poor Soviet Union in another plane, the most critical talents are indispensable. Qingying clearly remembers that the United States' attainments in cutting-edge fields such as aviation and electronics during World War II were at its peak; they did not just highlight the word "many" like the Russians, and their technologies have reached advanced or even top. At present, due to the early outbreak of the economic crisis, the new economic stage of the Soviet Union has not been completed, and they have suffered a lot from the civil war, and they are unable to move away the United States' assets as they did in history. Since this is the case, this task can only be left to Qingying himself. The loss of every core technical personnel from the United States has added a little weight to Germany's future game balance!

"Your Majesty, your will will be realized." Berman bowed slightly to Qingying and responded respectfully.

At noon the next day, Qingying waited in her study, waiting for the opening of the New York stock market across the ocean at any time. And with telegrams crossing the ocean, what Schacht expected last night became a reality. The New York stock market did not stop falling and rebound as expected by those eager American investors, but plunged on a large scale again; whether it was the emerging cars, oil, or traditional shipbuilding and steel that have always stood like rocks and pine, all sections showed a dazzling dark green drop, and its momentum was tantamount to driving under a cliff.

Rapid and rushed. During the day of October 25, countless investors' despair cries echoed on the New York Stock Exchange: Most of the futures bonds in their hands, which were originally the same as real money, have now become waste paper in the trash can, and this money is either their hard savings for supporting their families or all the old capitals accumulated over the years of hard work! Especially those investors who had just entered the market at the peak of the stock market, were even more disappointed and lost in this sudden blow. After the closing of the day, hundreds of people chose various means to end their lives!

In the following days, the New York stock index continued to fall sharply, as if it was to squeeze all the financial bubbles that had been blown up in the past decade. On October 28, the New York stock index fell 13% again, setting a record for the previous few days; on October 29, the stock market collapsed to the extreme, with more than 16 million stocks being sold, down another 22%. The total market value shrinking is more than 10 times greater than the foreign debt owed by Britain and France during the war. Metallurgy, automobiles, machinery, electricity, chemicals, etc.

The decline in the sector was as high as more than 90%. Riots of varying degrees occurred across the United States, and the grieving crowd began to hysterically impact local stock exchanges and government buildings. Police officers holding explosion-proof shields were everywhere in conflict with the crowd, and the rioters arrested in prisons were overcrowded. Due to the rise in the US stock market in the past decade, almost every household was involved in this industry that made money very quickly. Once the stock market collapsed, the chain reaction it caused would undoubtedly be a catastrophic situation across the country!

On October 30, the New York stock market finally stopped after a week of swelling. However, the stock market situation almost returned to the 19th century, and the wrinkled investment certificates were thrown into the ground of the entire New York trading hall. The collapse of the virtual economy immediately had a tsunami and mountain collapse on the real industry. A large number of companies closed down due to the massive amount of funds invested in the stock market, and various wealth management banks collapsed like wheat under a sickle; the life savings of tens of thousands of Americans turned into ashes and were wiped out, and more people were fired because of the serious break of corporate funds and became unemployed vagrants with no source of income. America, a paradise that was once longed for by countless people, has now fallen into a dim haze under the sweeping of the economic crisis.

Since today's production relations have long entered the era of the world economy, the collapse of the US stock market has immediately had a fierce impact on various capitalist countries. Affected by this, the German Frankfurt stock market also opened low and closed low for several days, and its continuous decline made a large number of investors pale. However, since the German stock market was always under strict supervision under the advice of Qing and Ying, only the sectors related to US trade fluctuated, and there was no catastrophic situation where a large number of bubbles were collectively broken like the US stock market. In contrast, the situation in other countries is far less than that: they, who also pursue free economic policies, have also suffered a heavy blow like the United States, and the evaporation of market wealth is countless! (To be continued, please search for astronomy, novels are better and faster!
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