The boiling London Conference has come to an end, the clouds of the Great Depression are still hanging over the world, inflation is in full swing, and the world economy has entered a period of recession.

First of all, Italy and Germany, the defeated countries, in order to repay their debts, the government chose to increase the money supply, and in just a few years, the value of the German mark depreciated more than 4,000 times, and the private wealth was plundered.

In addition to the defeat of the country, the victorious country is not having a good time, and no one should want to be alone.

After World War I, France adopted a policy of paper money inflation, and the franc depreciated, and by 1921 its purchasing power had fallen to 41% of what it had been in 1914. The exchange rate with the pound fell from 25.02:1 in 1914 to 99.6:1 at the end of 1922.

"Your Majesty, the French government has just announced the abandonment of the gold standard!" Chancellor of the Exchequer Kennedy said cautiously

Ferdinand's face changed, history changed again, and he thought that it would be 1926 that the French would abandon the gold standard!

"Know why?" Ferdinand asked with concern

"Your Majesty, the economy in France has deteriorated, and their loose monetary policy, which has caused severe inflation, is now untenable!

This is what we have counted, and we can be sure that there is a direct link between the economic plight of the French and the war reparations paid by the defeated countries.

Before the World War, 92 percent of France's domestic industrial products were produced locally, and now 38 percent of the industrial products used by the French come from Germany, 5 percent from Italy, and 6 percent from Austria-Hungary! Kennedy replied as he handed over a document to Ferdinand.

Due to the butterfly effect, the French received more war reparations, adding Italy and Austria-Hungary, and more cheap industrial products entered the French market in the form of war reparations.

Now France has 49 percent of the market, which is occupied by the industrial products of the defeated countries to pay war reparations, and if we count their trade with the rest of Europe, then France's domestic industrial products account for less than half of the market!

This means that French industry will be dealt a fatal blow, countless factories will be forced to close, unemployment will skyrocket, and the normal order of the domestic economy will be broken!

"And what about other countries? For example, in the British Empire, did the same situation occur? Ferdinand asked with concern

"Yes, it's just not as serious as France, as long as the countries that receive the defeated countries pay their debts in kind, this is the case.

According to the analysis of data collected by the Bureau of Statistics, the total industrial volume of the French may have fallen by twenty-three percent compared to 1918, and will continue to fall as time goes on!

Britain's domestic industrial output also fell by 18 percent compared to 1918, but with the addition of the three North American countries, their industrial aggregates increased dramatically, masking this problem.

Now the French are planning to save their domestic industry by taking advantage of the devaluation of the currency and increasing the competitiveness of their exports! Kennedy explained

Ferdinand shook his head helplessly, after the world war, the domestic markets of Germany and Italy were basically abolished, except for the most basic daily necessities, they could not afford other industrial products, and then all this product flowed into the international market.

Austria-Hungary's was not much better, but their reparations were less pressurized, and a contraction in the overall market was inevitable.

Mao Xiong is no exception, after so many years of war, the population has dropped by a quarter, the domestic economy has long been a mess, and the people's spending power has long been gone.

Not only the market on the European continent has shrunk, but also on the American continent. Since the division of the United States, except for the development of the arms market, all other industries have declined.

On the one hand, due to the independence of various countries, tariffs naturally appeared, restricting the circulation of American industrial and commercial goods, and in this era, made in the United States is an inferior product than Bulgarian knock-offs, except for cheapness, there is not much international competitiveness at all.

If the economy is not good, the purchasing power of the people will naturally decline, and most of the independent federal states will experience economic recession, which is much faster than in Europe.

With so many markets declining in purchasing power, global industrial overcapacity is inevitable! It is no wonder that the international media ridiculed the Bulgarian capitalists for not being able to see what they were doing and actually increasing industrial investment in this situation!

"Perfect the theory of de-industrialization that we have prepared, and then sell it to the British!" Ferdinand thought for a moment and said

"Yes!" Kennedy replied cautiously

The "theory of deindustrialization" does not mean that industry is completely abandoned, and it is estimated that there will be no country that will completely abandon industrialization in this era!

Rather, it is to promote the idea of "limited industrialization", that is, to keep the total amount of domestic industry at a rate that can meet the most basic needs of the war years.

He advocated the transfer of unnecessary industries to colonies with cheaper labor, or to economically backward countries, so as to reduce the cost of production.

Of course, it's not enough to talk about deindustrialization, but also to give a suitable reason, environmental protection does not need to be discussed, people in this era do not have this awareness.

Isn't London the financial capital? Then let the British continue to develop finance!

By the way, there is also the tourism industry, the service industry, and the upstream development of the industry, such as making Britain a manager, or making the whole world work for the British Empire.

It doesn't matter if the general public believes it or not, as long as the capitalists find out that they can make a bigger profit by moving the factories out of England!

As for the problem of the unemployed, they can be allowed to develop real estate, which is a good industry for the benefit of the country and the people.

What is London? The capital of the British Empire, the financial center of the world!

How much does it cost to buy in the city of London right now? For just £300, you can buy a house with an area of more than 200 square meters, and the prices in the suburbs are even cheaper.

You must know that this is a freehold property, and it is sold along with the land!

It's too cheap, not selling for three million pounds, I'm really sorry for the name of the British Empire! A house for a battleship, this is the normal opening mode.

It must be fried, otherwise it will be a trip in vain, how can you miss such a good opportunity to make a fortune?

It seems that the British have also speculated in real estate, but Ferdinand can't remember exactly when, and it doesn't matter if he does it in advance now!

When the capitalists find out that after the huge profits of real estate, it will be difficult to brake! Even this generation of London politicians will support them in developing real estate!

As long as the Lloyd's-George government doesn't want to get out of the country right away, they have to solve the problem of unemployment in the country, is there an industry that is easier to generate employment than real estate?

This is a conspiracy, as long as the British believe that house prices in London will rise, then house prices will really go up!

When housing prices rise, the capitalists will definitely enter the market, and as long as capital comes in, Ferdinand's purpose will be achieved.

"Carl, find some economic experts, advocate the development prospects of London, and properly remind that the current housing prices in London are too low, and there is still a lot of room for development!" Ferdinand thought for a moment and said

"Yes!" Karl replied