Chapter 29: The Great Depression
From 1922 to 1930, the whole world was prosperous. Pen | fun | pavilion www. biquge。 info
The signing of the Washington Naval Treaty in 1922 ushered in the era of naval holidays around the world. Except for the British economy, which has not been improving from the arms race, all other countries have ushered in a period of rapid development, even Germany, which was sanctioned after the war.
The United States, China and Germany emerged as the winners of the decade.
Since 1922, China has embarked on large-scale construction, from steel to water conservancy, from electric power to shipbuilding, from the light industry that has blossomed everywhere to the military industry made by precision industry, just like China after the reform and opening up in history, with arduous and rapid development. With the help of the Huntelaar consortium and the hard work of the Chinese, in 1930 they completed the goals of the ten-year plan and created another American miracle!
Needless to say, the Americans were able to soar into the skies with the proceeds of war and the consumption of credit, while the energetic inventions and creativity allowed them to grow and move further and further away from Europe.
The French started their usury business with war reparations, and with their vast colonies around the world, life was quite prosperous.
Even the defeated Germans became winners. The updated equipment and technology made their products full of competitiveness, and slowly found their own way under the pressure of Britain and France. The country's strength is constantly recovering and growing, and the scientific and technological level of the people has not lagged behind with the defeat of the war, but has continued to move forward under the stimulation of some people.
Among the great powers, the more frustrated were the Empire on which the sun never sets and the Empire of Japan.
The industrial power of the British had been declining, with the huge market of the colonies, the capitalists were reluctant to update their equipment and technology, and the huge pressure from all sides after the war also made them breathless; After losing the mainland market, the Japanese were also frightened by the huge army power of the mainland, and once desperately developed their aircraft and tanks, until 1925, when they woke up. It's just that at this time, the best time for World War I has passed, and because the lost time for the development of armaments can no longer be recovered, with the advancement of China's ten-year plan, the gap between them in industrial power has become wider and wider, and the only dominant navy has become less alarming after a large number of Germans arrived in China......
However, the most outstanding performance is still the huge and incomparable Huntelaar consortium!
In 1926, the first commercial seven-inch television set of the Huntelaar Radio Company was successfully developed, and in 1929, the cost was reduced to 400 US dollars per unit, and it became a sensation in the United States immediately after its release; In October 1930, the first television broadcasting system was built in New York, and 1,400 employees of the Huntelaar consortium watched the first news program, the first music program, the first ultra-short TV program, the first talk financial program, and the first commercial ......
In 1925, Huntelaar Chemical developed Freon, and the invention of the new refrigerator came naturally. In 1926, the Huntelaar laboratory invented the tape recorder and photocopier, and in 1927, the Huntelaar Electric Company was founded, and since then, televisions, refrigerators, and automobiles have become the standard equipment of the wealthy class in the United States.
In February 1930, Huntelaar Chemical invented nylon. In April of the same year, on the streets of New York, five models showed the world stockings made of nylon, causing another sensation. Just one year later, Huntelaar Chemical produced nylon hosiery throughout the United States and exported to Europe and the Far East, bringing them huge profits......
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Countless inventions that could affect human life went from the laboratory of Huntelaar to the factory, and then became part of thousands of households. In the process, the Huntelaar consortium once again erupted as it had before the war, desperately expanding production to meet the needs of countless people.
These are widely known, and there are many that ordinary people do not know.
In light of the astonishing performance of the Huntelaar Consortium Arms Company in the war, the U.S. government has stepped up its oversight of them. Neither Kent, who was re-elected, nor Mr. Akinster, another president who came to power in 1929, were allowed to wander outside the supervision of the military. So when the fighters and bombers of the Huntelaar series repeatedly broke through the limits, when their new tanks were galloping at the test site, when the first aircraft carrier with a displacement of more than 60,000 tons and capable of accommodating more than a hundred aircraft was designed but could not be produced due to the treaty, only a very few people knew that the prestigious Huntelaar consortium in World War I was still at the pinnacle of world armaments!
Amid the noise of the world, 1930 arrived.
The Great Depression, the most far-reaching depression in history, was late, but it had no intention of not being absent from the world, so in May 1930, it finally came with firm steps.
On this day, the New York Stock Exchange crashed.
All banks have seen an unprecedented run on them, and the vast majority of banks have been hit hard! In the decade after World War I, the United States relied on billions of dollars a year in foreign loans and investments to sustain its prosperity, and over-lending was a common feature of American banks in this era. Only the Huntelaar Bank, under John's orders, has maintained a steady policy, and has been shrinking and recovering loans since two or three years ago, and has stored a huge amount of cash......
Huntelaar Bank and Huntelaar Insurance Company, which have maintained a prudent policy, became the only bright spot in the crisis.
However, it is a pity that other companies under the Huntelaar consortium are not so lucky, and under the impact of the unprecedented economic crisis, superstar companies such as Huntelaar Automobile and Huntelaar Chemical have also been greatly impacted! The backlog of best-selling products began to increase, some of the goods that had already been sold could not be recovered, and more customers who placed orders would rather pay liquidated damages than cancel their orders......
By the spring of 1931, the companies of the Huntelaar consortium began to reduce production on a large scale.
In particular, factories that produce "luxuries" such as cars, refrigerators, televisions, and tape recorders have been ordered to take long vacations for the most part, with the exception of a small number of workers. However, compared to the other factories, the factories of the Huntelaar consortium were more humane, and even for the workers who took long vacations, the factories gave them a small income, plus the compulsory savings and insurance policies that had been in place since 1924 to ensure that they could survive the difficult five years with a minimum standard of living. This very humane behavior, which was deeply envied by other factory workers, also made the Huntelaar consortium a representative of the best employers.
Then, in the summer of 1931, the Huntelaar consortium began a large-scale relief operation in the United States.
Countless agricultural products that would have been burned and thrown away by the farmers were bought at low prices by the Huntelaar consortium and transported to the cities, where thousands of alms were built to give alms to the beggars and the bankrupt. In just one year, the Huntelaar consortium has invested $23 million in this work!
The huge relief operation, of course, also brought great prestige to the Huntelaar consortium!
In the past few years, because of the huge profits of the Huntelaar consortium in the First World War, many enemies have been incurred, and at the same time, the people have also been dissatisfied, so public opinion and the people have often criticized, even after more than ten years of war. But the performance of the Huntelaar consortium in the crisis this time has caused many people to reverse their attitudes. Mr. Huntelaar's prestige, which was already at the peak, instantly lengthened a lot......
The crisis began in the United States and quickly spread to the entire capitalist world.
In addition to the Soviet Union under the planned system, from Japan to Britain, from France to Germany, in 1930 and 1931 they all entered a state of crisis and deepened. Different countries were hurt differently, Britain and France were fine because they had large colonies, but countries like Germany, Austria and Japan were thrown into hell in an instant.
Since World War I, Japan has not had a good time.
In its original history, World War I was Japan's best chance, but immediately after the end of the war, it ushered in an unprecedented crisis. Japan's lack of competitiveness was instantly overwhelmed by European and American industrial products, and the decline from industry to agriculture continued, and the huge deficit left the Japanese with loans to survive, borrowing nearly a billion dollars from 1923 to 1927 alone, and finally starting an economic crisis when it finally improved. Coupled with the devastating Kanto earthquake of 1923, which completely collapsed the Japanese economy, the militaristic forces first looked at the continent to the west, and then turned their eyes helplessly to Southeast Asia......
China to the west is no longer something that the Japanese can dream of.
The huge army has never weakened their strength, and even in order to cope with the threat of Japan and the Soviet Union, the Chinese army strength is constantly increasing. In recent years, through cooperation with the Huntelaar Arms Manufacturing Company and the joining of a large number of top German talents, the Chinese have even designed their own aircraft and tanks, although weaker than Britain, France and the United States, but not comparable to the Japanese.
More critically, in the years when the Japanese were weak, the Chinese had built their own navy!
The advent of the naval holiday era made all countries stop building new warships, but the Chinese were not under this limit, so they ordered two battleships, an aircraft carrier and dozens of other ships from the Huntelaar shipyard, and the Huntelaar shipyard also sold China as many as thirty-two submarines despite Japanese opposition!
Ten long years have allowed the Chinese to build a real navy!
What drove the Japanese even more maddened was that the construction of this navy depended almost entirely on loans, and the initiator was none other than the hateful Huntelaar consortium! And it is precisely because of the existence of this navy that Japan has completely lost the possibility of westward expansion, but also has to worry about the security of Taiwan and the Ryukyus, after all, with the increase of China's strength in recent years, the domestic call for the recovery of these territories has risen, if it were not for the help of Britain and France and other countries, I am afraid that the two countries would have had friction a long time ago.
In this mega-depression, China was the least affected.
It can even be said that when the European and American powers fell into depression and the Japanese economy collapsed, China became the only country in the world whose economy was still growing!