Mediterranean Hegemony Road

"Your Majesty, the London stock market crash has broken out!" Kennedy said gloatingly

He has the capital to gloat, even if the stock market all over the world jumps, it has nothing to do with Bulgaria.

"Tell me about the details!" Ferdinand said with a slight smile.

Although he has known these things for a long time, many words are not suitable for him to say in person, otherwise, how can the role of these ministers be reflected?

A king who competes with his courtiers for performance opportunities is destined not to be a successful king!

"On August 18, the London government announced a factory relocation order, ordering more than a hundred factories to stop production within three months and relocate within six months.

On August 21, when the London stock market opened, the stock prices of these companies began to plummet.

On August 22, the London stock market continued to fall, with a small rebound in the middle, but it was quickly overwhelmed by more selling orders.

Judging from the current situation, London's stock market will continue to fall, and the two major financial markets of Paris and Vienna will soon be involved. This time, countries in the European continent should not think about being alone! "Kennedy gloated and analyzed

Everyone was beaming, seeing other people's misfortune always gave them a sense of accomplishment, especially competitors!

The greater the impact of the stock market crash, the more beneficial it will be for Bulgaria. At this time, they will be fine if they don't make trouble. How can they be worried?

"What about the American countries? Especially the three North American countries, their economies are connected with the British Isles, what kind of impact will it have?" Ferdinand asked with concern

"Affected by the stock market crash in London, the North American stock market fell slightly yesterday, but it stabilized at the end of the day.

But as long as the London stock market continues to fall, the global financial market will be affected, and they cannot be immune to it! "Kennedy said after thinking for a while.

"Prepare to launch Plan A to add fire to this stock market crash!" Ferdinand said lightly

...

When Bulgaria was about to make trouble, there was a fierce quarrel in the UK over whether to bail out the market.

Despite Prime Minister Macdonald's high cost,

He succeeded in persuading George V to support his rescue plan, but the rescue does not depend on the government and one or two consortia, unless the consortium is willing to explode!

Obviously, this is impossible. Even if the royal consortium agrees to rescue the market, it is impossible to do everything possible. It is impossible for the major shareholders behind the scenes to start risking their lives for the benefit of the British government.

Unless most of the consortiums in the UK can be persuaded to join forces, even if they don't participate, they can't be shorted, otherwise there will be no talk of bailing out the market.

"Your Excellency, the consortium's appetite is too great, and we may not be able to satisfy it!" said Minister of the Exchequer Peter, frowning.

"What do they want?" Macdonald asked suspiciously

“The consortium wants us to sign a special industry protection law, including banking, oil, electricity, mining and other industries.

If this bill is passed, then the future British Empire will be the stronghold of the trust group, and no one or political party can shake their position! "Peter said with a wry smile.

MacDonald gasped. He didn't need to look at the specific content, he knew that this was a bill concocted by major consortiums in order to monopolize in their respective fields.

Once such a bill is signed, they are waiting to die forever!

Of course, he is not so pessimistic. If they are willing to continue to cooperate with the consortium, he can also become one of the greatest prime ministers in British history.

To whitewash a person, the British consortium still has the ability.

Although the British government is much stronger and can suppress the consortium most of the time, there is nothing that can hinder their growing strength.

"What are the consequences if we refuse?" Macdonald asked with concern

"The consequences are very serious. Now the media in London are criticizing us for not understanding the economy. Once the situation continues to deteriorate, we may be kicked out by angry people!" Pete thought for a while and said

"So, we have no choice now, right?" McDonald said, frowning.

"Yes, Your Excellency! The current situation, if the stock market cannot be saved, then the financial crisis is imminent, and the streets of London are already running.

If we don't act, we're in big trouble! "Peter, the chancellor of the exchequer, replied with a wry smile.

"Okay then, if Congress can pass it, I'll sign it. We don't need to come forward to make a proposal, right?" Macdonald said helplessly

"Of course not. With their influence, there is no problem at all in passing a bill in Congress!" Pete shrugged.

To pass a bill in the UK, in addition to being passed by the Parliament, it also needs to be signed by the Prime Minister, and of course the King's signature is also acceptable.

In line with the choice of persimmons looking for softness, everyone chose McDonald without hesitation. Anyway, his term of office as prime minister is limited, and he has survived the immediate crisis. There are still a few years left, but the crisis will soon step down.

Incapable of retaliation, nor dare to retaliate against the consortium. Although MacDonald is the leader of the Labor Party, everyone knows that the Labor Party has long been infiltrated by capitalists.

In the capitalist world, political parties are actually vassals of capitalists, including members of Congress, all promoted by capitalists.

Without the support of capitalists, where will the campaign funds come from? Without money, there is no advertising. It is estimated that many voters do not know that you exist. Who will vote for you?

On August 24, 1929, the British Parliament passed the "Special Industry Protection Act" at lightning speed. Since then, these monopoly enterprises can enjoy more favorable taxes and obtain more privileges.

On August 25, the British government teamed up with five major consortiums and announced that it would spend 200 million pounds to rescue the market. The London stock market rebounded, and the closing price rose by 0.5% that day.

When the dawn dawned and everyone was celebrating, a thunderbolt came again.

It had already been negotiated, and the nine countries shared the debt left over by the Russian Empire, and now it is overdue again!

Since the official division of the Russian Empire in 1927 to the present, the governments of the nine countries have never paid any money.

Now the West Russian government has announced that it should pay 36% of the debt this year, and there is no way to pay the remaining debt. They really can't pay it back now.

The East Russian government has announced that it will pay one-third of its debt, and the rest will be overdue.

The remaining three countries, Finland, Belarus, and the Baltic Sea, also announced to pay 15% to 40% of their debts, and the rest have no money to pay.

Due to internal conflicts, the Polish government has not yet given a result, but it seems that they are not rich owners, and they can't be counted on.

The Soviet Russian government was even more ruthless, directly declaring financial bankruptcy, so there is no one big son, and now it is going to renege on its debts.

As early as 1918, the Soviet Russian government no longer had the concept of currency. Instead, various bills circulated in the market.

Later, they also issued new rubles. Unfortunately, in the Soviet Union, you can’t buy things without bills. How can the international market recognize this thing?

In July of this year, the Soviet Russian government made a request to the League of Nations that they wanted to use new rubles to repay their debts, but of course it failed in the end.

Now, in addition to using gold to pay off their debts, it seems that they can only export some minerals to Japan. Due to the limitation of transportation, the export of resources is also a drop in the bucket.

Poor foreign exchange reserves and a small amount of gold are not enough for them to buy industrial equipment. How can they be used to repay debts?

On August 28, the London stock market began to plummet as soon as the market opened. At this time, half of the 200 million pounds of rescue funds had already been dropped.

Not only London, but also the stock markets in Europe and the United States have begun to fall, which can no longer be solved by bailing out the market.

One wave is not flat, and another wave rises again.

After the nine countries defaulted on their debts, the New Kingdom of Greece, which no longer had much sense of existence, followed suit and declared financial bankruptcy on the morning of August 29.

This is the Nth time that the Greek government has gone bankrupt, and this is the third time that it has gone bankrupt during George I's ruling career.

Although the debt of the Greek government is not much, at this time, the financial market is already very fragile, and any slight disturbance may cause a turmoil.

This time was no exception. The European banks that undertook Greek loans were run on, and then spread to other banks. The financial crisis was imminent.

On September 1, a piece of inconspicuous news was published in a London street tabloid, which once again detonated the stock market.

The content is very ordinary, without any appalling headlines. With the theme of "Burning Rubber Plantation", the article criticizes the brutal behavior of the rebels who maliciously destroyed the rubber plantation.

There are pictures and the truth. This very common news spread quickly, and then rubber stocks collapsed across the board, becoming the first industry to collapse in the stock market crash.

Under the chain reaction, it soon spread to the downstream industries, and the automobile manufacturing and plastic processing enterprises were affected one after another.

One industry is implicated in another industry, as long as those who can get involved, none of them can escape. Under the chain reaction, all industries have been affected.

As of the end of September, the London stock market fell from 1285 points at its peak to 156 points, but this is far from the lowest point.

It seems that in the London stock market, there is nothing but unexpected and impossible, and all industries are falling all the way.

At this time, the stock market had already spread to the banking industry. In just one month, more than 80 banks in London went bankrupt, and the run crisis broke out in an all-round way.

The banking industry is overwhelmed, the real industry is mourning everywhere, the capital chain is broken, factories are forced to close down, and the streets and alleys are full of unemployed people.

This is the worst economic crisis in British history. There are more than 3 million unemployed people in London, and the unemployment rate is as high as 58%.

Robbery, murder, rape, and various crimes were staged in the streets and alleys of this city. The MacDonald government was forced to mobilize troops into the city to maintain law and order.

Obviously, this economic crisis affects not only London, but the British Isles are all shrouded in the cloud of economic crisis.

As time goes by, it is spreading to all parts of the world, and the first to be affected are the three North American countries.

Because it is the closest to the British economy and the first to be affected, the scene that happened in London was also staged in the three North American countries.

First came the stock market crash, followed by a wave of bank runs, and then the prelude to the wave of bankruptcies.

Because of overcapacity, the products produced by enterprises cannot find a market, and they can only be treated as garbage in the end.

There is no way, strong companies will start to lay off employees and reduce production, and weak companies will have to declare bankruptcy.

Due to the layoffs and bankruptcy of enterprises, a large number of unemployed people appear, fewer and fewer people have purchasing power, and the market is shrinking.

The daily shrinkage is once again fed back to the enterprises, which continue to lay off employees, reduce production or close down, and the number of unemployed people continues to increase.

The vicious circle started, which further exacerbated the spread of the economic crisis. No one in the capitalist world wants to be alone.

The British economy has fallen, followed by France, separated by a strait, and the French economy and the British economy have long been connected together.

After the London stock market crashed, less than a week later, the Paris stock market also crashed. The wave of bankruptcies and unemployment brought the booming economy of the French Republic back to its original shape.

According to the usual practice, at this time the French government will start to change the cabinet again. In fact, the French people have already started to take action, and they are attacking the incompetent government.

Vienna, the financial center in Eastern Europe, was not able to survive alone. At this time, it also followed in the footsteps of Paris, and the stock market collapsed across the board.

Give this multi-ethnic country that is undergoing ethnic integration a blow. The bad economic situation has once again stimulated the suppressed domestic conflicts.

...