Holy Roman Empire

Kosut is not engaged in economics, and the high-level Republican government also lacks economically-minded masters. They have never thought about what 200 million dongs mean to Hungary!

They do n’t know, it does n’t mean that the people sitting here do n’t know either, the representative of the banking group Howell asked:

"Mr. Kosut, do you know what 200 million dongs mean?"

This question directly asked Kosut. He also thought that these big aristocrats and capitalists would bargain, but he did not expect them to ask this question.

Calculated from the value of the currency, one shield is equal to 11.69 grams of silver, and 200 million shields is 46.67 million silver. In this era, silver has not depreciated, which is equivalent to more than 20 million pounds. (Gold and silver 1:10 or so)

In 1847, Austria's fiscal revenue was only 155 million rupiahs (except Hungary), and the British's fiscal revenue was only more than 50 million pounds.

Before the revolution in Hungary, it was good to have 100 million dongs in fiscal revenue. After the Republican government was established, it spent 100 million dongs.

This money is basically obtained by selling a large amount of state-owned assets, plus taxes collected by the government. (Emperor's property and public property)

No one has raised this issue before, that is, everyone is a vested interest, and no one will refuse to send home money to buy the industry at a low price.

It does n’t matter if you do n’t know. The first element of a politician is to be thick-skinned. If you still have a face, do n’t be a politician, especially a politician in a republic.

"Of course, 200 million guilders is indeed a big number, but for everyone sitting, it is not impossible to get it!" Kosut calmly replied.

Indeed, for all the people sitting, don't say 200 million dongs, even if it is increased by three or five times, they can still afford it.

Affordability and having to take it out are two concepts. No one is willing to dig out their own money. Even if the interest rate is high, it ca n’t be held back.

According to the speed at which the new government spends money, no amount of money can fill the bottomless pit, which is why many revolutionary governments in the world have failed.

An idealized government wants to do too many things, and as a result, fails to make a name for itself, it empties the country first.

"Mr. Kosut, when you were at school, the economy was probably failing. Could you please check how many currencies are circulating in the Hungarian market, and then answer this question!" Howell retorted.

How much wealth does not mean that there are many currencies. In fact, there are restrictions on the currency circulating in the market. More currency will depreciate, and less currency will cause panic.

From an economic point of view, when 200 million rupiah currency was transferred from Hungary at once, a panic broke out in Hungary. The next run was the run-up crisis-bankruptcy-financial crisis broke out-the Great Depression.

This era is no better than later generations. Everyone is playing with credit currency, and it is sufficient to transfer money directly in the bank. They need to take cash to buy bonds.

(Source: 1848 Austrian National Savings: 48 million dongs, United Kingdom: 28.2 million pounds, 1 pound ≈ 9.6 shields)

There is no doubt that Kosut is shameful this time, or his team is all white and made such an obvious mistake.

Of course, there are still many people who have made similar mistakes. This is the commonality of the rhetorical party. When thinking about problems, they are often very one-sided.

...

Before Kosut could solve the financial problems, the war had begun.

On May 8, 1848, the Austrian army in the province of Croatia launched the offensive against the Republic of Hungary.

On May 9, Austrian forces on both sides of Bohemia and Transylvania also launched an attack on the Republic of Hungary.

On May 10, the rebel army led by Albrecht arrived at the front line, and the Austro-Hungarian war started.

No fuel-filling tactics existed. This time Kossuth's prediction was fulfilled. The Four Route Army launched an attack at the same time. If the logistics transport unit was added, the total strength would really exceed 400,000.

Of course, only half of the troops actually engaged in the attack, even the Republic of Hungary, could not afford it.

Vienna

On the battlefield in Hungary, there is a good news. With absolute strength, it is no longer possible to reverse the adverse situation by shouting slogans.

In order to ensure victory, Franz also transferred the commander of the Bohemian Army, Prince Wendy Schgrez, as the army minister, and replaced it with Julius as the commander-in-chief.

Prince Wendy Schgrez took up his baton, and on a map on the wall, he pointed and said in a spirited manner:

"His Highness, the Croatian Legion led by Governor Yosip Jelacic has now reached Lake Balaton and conquered Balaton Kelestur;

The Austrian Army, led by General Albrecht, is attacking Fort Coup;

The Bohemian Army, led by General Julius, has just defeated the Hungarian People's Army and is now less than one hundred kilometers from Budapest;

The Transylvanian Corps, led by General Wenguigli, was still in Debrecen at this time because of traffic.

In general, so far, this counterinsurgency war has progressed very smoothly. The Bohemian Army has 100,000 troops. If it goes well, it can launch the siege of Budapest at most the day after tomorrow. "

He had reasons to be proud, and the war was fought under his leadership. Of course, because of the communication in this era, in fact, the War Department has only formulated a strategy.

As for how to fight it, it is still really out there, and the military order is not affected.

What about Prince Wendy Schgrez's military capabilities, Franz did not rush to a conclusion. Although he lost in the suppression of the Hungarian rebellion in history, his current combat plan is still feasible.

"The plan to attack Budapest is postponed. It is enough for General Julius to suppress the enemy. Wait for the Austrian Army to join them before launching the attack!"

Don't look at the Hungarian chaos for bullying. In history, the Austrian army just rolled over at the last minute, and finally asked the Russians to help them.

At least the most capable student army in the Hungarian Republic has not yet appeared on the battlefield.

Franz also does not know how the people of the Hungarian Republic are now. If the people fully support this government, then Budapest is a Shura field.

"His Highness, the Chaos Party is a group of black people. At most one week, we can conquer Budapest and suppress this rebellion!"

Prince Wendy Schgrez said with excitement that it seemed to be accusing Franz of interfering in military affairs in an abusive manner.

Franz explained calmly: "Prince, the military serves politics, and war is only means, not purpose."

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