The Huntelaar consortium at the end of 1906 seemed to have reached its peak. Pen % fun % Pavilion www.biquge.info

The success of the assembly line has led to the rapid development of the Huntelaar consortium's automobile, agricultural machinery and machinery manufacturing industries, and the low cost has made them competitive for a while, coupled with the large amount of money invested in research and development every year, making them completely leaders in the industry. Not to mention companies that lacked strong competitors, such as radios and agricultural machinery, the Huntelaar Automobile Company alone produced 34,000 vehicles and sold 34,000 vehicles in 1906, far exceeding the 13,000 units sold by the General Motors Company of Europe. And because of the low price, many European trading companies have begun to import BMW cars......

In this day and age, the Huntelaar consortium is perhaps the only place where R&D is truly valued.

As long as it is a consortium company, 10% of the annual profit is rigidly invested in research and development, and there is no upper limit, which makes Huntelaar gather more and more engineers and scientists. For example, Huntelaar arms manufacturing, chemical industry, shipyards and other places have also become the leaders of American industry, and their influence has also increased rapidly. In particular, the synthetic ammonia of Huntelaar Chemical can almost be said to have affected an industry......

In the golden age of the Americans, the Huntelaar consortium developed at a breakneck rate.

Maybe the scale is still not as big as the bug-like Morgan consortium, but everyone who understands knows that the strength of the Huntelaar consortium may have begun to surpass that of Rockefeller, especially when the banks and insurance companies under the Huntelaar consortium have expanded dramatically and broken into the top three in the United States, this argument has been admitted by many people.

Automobiles, Ships, Weapons, Machinery, Agricultural Machinery, Chemicals, Pharmaceuticals, Hospitals, Medical Equipment, Toys, Radios, Elevators, Clothing, Shoes, Trade......

Before you know it, John? Huntelaar has created an empire!

And only Huntelaar's closest aides knew that in the minds of their great leaders, this was far from all. For example, the aircraft manufacturing companies that caused a sensation in Europe and the United States last year and began to manufacture products in batches, such as the Huntelaar Education Group, which has begun to form a complete system in the United States and China, and the Huntelaar Publishing Group, which firmly occupies the first place in the United States, and the broadcasting company, which is still in its infancy, are all places that Mr. Huntelaar attaches the most importance to, but are still inconspicuous.

The past decade has undoubtedly been a glorious era for the Huntelaar consortium.

Many people have to admire the vision of the elder Huntelaar, who chose Theodore at a very early age? Roosevelt, and it was this pioneer in the fight against monopoly that became the biggest boost to Huntelaar's development in recent years. What more people don't know is that even though the elder Huntelaar has left and the elder Roosevelt is about to complete his second term, the younger Huntelaar has established a good relationship with Taft early, and has scheduled another four years after Roosevelt leaves office......

The United States in 1906 also seems to have reached the pinnacle of the country!

Just like China a hundred years later, the current economic aggregate of the United States will skyrocket every year, especially in the past three years, with an average growth rate of 10 points, making the country hot everywhere. Entrepreneurs are crazy about investment, crazy mergers and acquisitions, and financiers are also crazy about making huge profits from the market......

A large number of trust companies have become active players in the market.

Banks are also the biggest beneficiaries of this golden age, lending to trust companies and then making windfall profits in a hot market, with the bigger the banks, the more profitable. Trust companies, on the other hand, are unscrupulously active in the stock market, and huge enterprises are like playthings in their hands, allowing them to be kneaded and kneaded......

Beneath the surface of prosperity, a crisis is secretly bringing.

In April 1906, an earthquake struck San Francisco. An earthquake of unprecedented magnitude and scope that nearly devastated the city. The widespread fires burned most of the city's wooden buildings and scorched four square miles, an area nearly half the size of San Francisco. San Francisco's losses were between 350 million ~ 500 million US dollars, or in other words, 1.2% ~ 1.7% of the US GDP in 1906.

The earthquake in San Francisco, the financial center of the western United States, lost $1 billion in the entire market value of the New York Stock Exchange, and the railroad and insurance industries were the hardest hit. Insurance companies in countries such as the United Kingdom, France, Germany and the Netherlands began to compensate, and the British in particular suffered so much that most insurance companies played tricks on them, and only seven companies honored all insurance contracts.

This includes the Huntelaar Insurance Company.

It's just that under the intentional or unintentional interference of Mr. Huntelaar, Huntelaar Insurance Company does not have much business in San Francisco, and the compensation amount is only a few hundred thousand dollars, which is simply not worth mentioning compared to their size. However, under the greeting of the high-level, this matter was frequently put in the newspapers, which made the reputation of Huntelaar Insurance a lot louder again.

Large quantities of gold were shipped from Europe to San Francisco, North America, which attracted the attention of the British, and then the Americans began to panic because they needed the support of the British. Despite the fact that in 1906 the American economy was unprecedented in size and speed, but the center of the world was still Britain and London......

However, this is only a minor factor in the capital shortage in the United States.

At the turn of the century, the United States had a huge need for capital. Industrialization has led to the rise of commercial entities of unprecedented size, economic complexity and commercial power. In the past decade, a large number of large companies have been formed through mergers. Some of them, such as Huntelaar Bank, have inflated themselves by acquiring weaker competitors in difficult economic times; Others, such as the Morgan consortium, were brokered by financiers who wanted to control competition and seek economies of scale. Most of the borrowing and securities financing of these large companies are controlled by a few major financial institutions in New York, such as J.P. Morgan & Co., First National Bank, National City Bank (the predecessor of Citibank), and Huntelaar Bank.

In 1906, the U.S. stock market ushered in a big bull market.

The infinite demand for capital has finally brewed an unprecedented crisis. Many people have actually spotted the signs of a crisis, but no one will be like John? No one is as sure as Mr. Huntelaar is, and no one is as perfectly prepared as he is: sell stocks at high points, shrink credit, and reserve too much cash!

So when the time came to the end of 1906 and the beginning of 1907, many problems in the American financial market had begun to emerge. And at this sensitive time, two big names made the decision to go to Europe.

One is JP Morgan and the other is John? Huntelaar.

The former needed a sabbatical to explore his favorite works of art in Europe, while the latter received a telegram from Germany after the New Year, deciding to travel to Europe again after four years in 1902...... (To be continued.) )