The next day, Ito Hirobumi convened another cabinet meeting and proposed to compromise and reconcile with East China, and use this to put pressure on Britain to take back control of customs.

After some discussion, the cabinet basically reached a consensus, and even the navy and army had no objection to this, after all, Japan in this era has not yet reached the point of national madness, and the high-level and elite can still maintain their sanity, not to mention that this plan can also force Britain to return Japan's customs power, which can be regarded as a loss of the east and a gain.

At this time, the Japanese military was not blindly tough and belligerent. What's more, the navy and army also have weaknesses themselves, this Lou Zi was poked out by the army, but the army has no ability to make up for it, and the navy is also unable to solve the threat of the fleet in East China, so it can only choose to compromise. At the same time, Ito Hirobumi communicated with Yama Prefecture Aritomo in private, saying that after the crisis was resolved, he would resign as prime minister, and fulfill his previous promise to support the candidate proposed by the military to take over as prime minister, which also made Yama Prefecture Aritomo think that this suggestion is acceptable, and of course it will not be obstructed. Of course, Yamaguchi Aritomo would not have imagined that Hirobumi Ito's real goal was to let someone from the Navy Department take over as prime minister.

Seeing that the members of the cabinet had no objections, Ito Hirobumi also breathed a sigh of relief, it seemed that this time he could get through the confusion, so through the Japanese consul in Qingdao, Abe Shotaro, he sent an intention to visit Qingdao to Huadong ** to deal with the crisis between the two sides, and of course admitted that the party responsible for this crisis was Japan.

However, when the Japanese consul in Qingdao, Abe Shotaro, submitted this diplomatic document to Foreign Affairs Commissioner Li Sanjie, Li Sanjie had already received a diplomatic letter of intent to visit Qingdao three days earlier.

The diplomatic letter was sent by the U.S. Consulate in Qingdao and stated that U.S. Secretary of State Elihu Root intends to visit East China** to discuss the strengthening of economic and trade cooperation and friendly cooperation between the two sides.

In early 1907, the Far East War had not yet completely ended, and President Osido Roosevelt was planning to visit East China, on the one hand, because East China had already won the battle at that time, and after the end of the Far East War, the geopolitical pattern of the Far East would undergo major changes, and East China would inevitably become a powerful force in the region, and the United States had major interests in the Far East, so it was natural to readjust its Far East strategy and deal with East China relationship.

At the same time, Roosevelt's vision is more long-term, considering that after the end of the Far East War, the trend of East China's unification of the whole of China is almost inevitable, and once East China completes the national reunification, the pattern of the whole world will undergo tremendous changes, and there is the potential to become a world power, so it is necessary for the United States to consider comprehensively, and take into account the short-term and long-term relations with East China, and at the same time strengthen exchanges and communication with East China, and understand East China's plans and ideas, so as to better communicate with East China Deal.

At the time of the Portsmouth negotiations, East China held an intentional investment invitation in the United States, because after East China occupied the Northeast region, there will be a large amount of infrastructure construction, which requires the introduction of a large amount of technology and investment, and many American companies have reached an agreement of intent. Although the Portsmouth negotiations failed, but the final benefits of East China are far greater than the requirements of the Portsmouth negotiations, so many American business owners also hope to invest in East China and start a business, although before the Far East War, the United States and East China have reached an economic and trade agreement, but to expand the economic and trade relations between the two sides, it is obviously not enough, requiring the two sides to further strengthen political exchanges.

However, after the end of the Far East War, the hostile sentiment towards East China in the United States has also risen, on the one hand, the United States and Japanese overseas Chinese deliberately propagandize, there are many Japanese overseas Chinese who have settled in the United States, and they naturally have a strong sense of identity with Japan.

On the other hand, based on practical interests, the United States has huge political and economic interests in the Far East, and of course does not want a strong power to rise in this region. At the same time, after the end of the Far East War, East China ** obtained all the territories of Borneo in negotiations with Britain and the Netherlands, and the Philippines, the US colony in Asia, is located between Borneo and Chinese mainland, which can be said to be extremely unfavorable in terms of geographical environment, not to mention that the Philippines still has a large number of Chinese, and after East China ** gets Borneo, no one dares to guarantee that it will not have ambitions for the Philippines, and the Philippines is an important grasp of the United States in the Far East, and there is no room for failure, so many United States ** Officials, because they are military personnel, all demand that East China be an imaginary enemy, expand the armed forces, and reorganize the armed forces, but oppose the development of friendly relations with East China.

President Roosevelt was also undecided, so he had to postpone the visit for the time being, but the delay turned out to be a big deal, and in June 1907, an economic crisis broke out in the United States.

This economic crisis began in the financial industry, from the end of the 19th century, the U.S. economy showed a momentum of prosperity and development, investment was booming, stocks soared, and the demand for capital in the whole society increased greatly, so a large amount of European capital poured into the United States, through the provision of short-term credit, to fund entrepreneurship, which gave birth to a new financial institution - trust and investment company. After a large number of enterprises have obtained investment, they do not use it to expand production, and they transfer shares to their bosses, and through false accounts and deception, they speculate on stocks and make huge profits from them.

Of course, after the trust and investment company issued the investment, it was eager to recover the capital, so it also supported the listed companies that received the investment to speculate in stocks, and at the same time participated in the ranks of stock speculation, blowing up the financial bubble bigger and bigger. Due to the lack of regulation of the financial market in the United States at this time, trust companies can overabsorb social funds without restrictions and invest in high-risk, high-return industries, such as the stock market and bond market. In New York City, for example, in 1906, about half of all bank loans were invested in the stock market and bonds by trust companies.

In the 20th century, the Boer War and the Far East War occurred successively, in order to make up for the huge losses caused by the war, the central banks of European countries generally raised interest rates, which led to the rapid return of a large amount of gold capital from the United States to Europe, the United States financial market began to appear underfunded, and the signs of crisis began to show.

In April 1906, a major earthquake struck San Francisco, causing serious damage, so a large amount of money was invested in the reconstruction of San Francisco. However, due to the lack of corresponding institutional management in the financial market, the momentum of investment, listing, and speculation is still unabated.

Finally, in June 1907, the crisis struck, first with the failure of the bond issuance in New York City, which led to turmoil in the entire financial market, followed by bad news one after another, in July, the copper exchange market collapsed, in August, Rockefeller's Mobil Oil Company was fined $29 million for false accounting, by September, the stock market had fallen by nearly a quarter, and in October, the third largest trust and investment company in the United States, the Nick Burke Trust and Investment Company, was exposed to the crisis of broken capital chain.

As a result, all kinds of rumors and bad news quickly spread to the whole of New York City like a virus, and quickly spread to other major cities in the United States, such as Chicago, Detroit, Houston, Los Angeles and other places, and terrified citizens lined up all night at the gates of various trust companies to withdraw their deposits, and the Dow Jones Industrial Average reached a low of 57.56 points, nearly 45% away from its all-time high of 103 points By mid-October, the stock market had almost come to a standstill, and eight New York banks and trust companies involved in copper stock speculation, including the Nick Burke Trust and Investment Company, had declared bankruptcy one after another within four days, and the number of unemployed people had exceeded 3 million, and it was still expanding.

Since September, the economic crisis has begun to spread outward, and major European developed countries such as the United Kingdom, France, and Germany have experienced falling stocks, declining production, and increasing unemployment, and a huge economic crisis has officially arrived.

Under the blow of this economic crisis, Germany, Britain, France and other countries are trying their best to expand their overseas markets and dump goods in order to survive such a crisis, while Britain and France have huge overseas colonies, Germany is the first to sign a new economic and trade agreement with East China after the Far East War, deepen relations and deepen cooperation, after all, East China is now a huge market with a population of nearly 100 million, and at the same time in the Far East War, it also obtained a huge amount of reparations, and its purchasing power is extremely strong, which is enough to survive the economic crisis.

The United States does not have many overseas colonies, although it has absolute dominance in Latin America, but the economies of Latin American countries are relatively backward, and basically cannot help the United States, so the situation forces the United States not to seriously consider deepening economic and trade cooperation with East China.

However, after all, Roosevelt was a politician with strategic vision, and although the United States needed to deepen economic and trade cooperation with East China, it could not ignore East China Therefore, Roosevelt decided to conduct a round-the-world voyage dominated by 16 battleships of the US Navy's Atlantic Fleet to show the world that the United States also has a first-class naval force, and it can pursue its own foreign policy around the world and safeguard the national rights and interests of the United States through naval guns like other naval powers. Of course, the official reason given by the United States is quite high-sounding: to promote friendly relations with countries along the route through sailing visits, and at the same time to strengthen the Navy's long-distance training.

East China is an important stop on the US fleet's round-the-world voyage, and it is also an important part of Secretary of State Elite Root's visit to East China, to see what attitude East China has toward the US fleet's round-the-world voyage, and to use this as a reference for the United States to formulate a policy to deal with East China.