Chapter 1042: Economic Crisis (Asking for a Monthly Pass)
On April 14, 1929, German Chancellor Washit convened a cabinet meeting, and this time the main topic of the meeting was the economy of the empire. Originally, this was just an ordinary meeting, but Emperor Qin Tian suddenly said that he wanted to participate in this meeting, which suddenly raised the specifications of this meeting a lot.
Almost all the members of the Cabinet attended the meeting. Even the Minister of War and the Secretary of the Navy. You know, they have little to do with the economy.
After the previous cabinet prime minister, Bilo, resigned as prime minister because he was old, Qin Tian appointed former Foreign Minister Vahit as the prime minister of the empire. Although Vahit is not very good at internal affairs, he is also responsible for this area by professionals. So, don't worry too much. In addition, before Bilow became prime minister, he was also the foreign secretary. Therefore, it all seems to have come naturally and has not caused much turmoil.
"Your Majesty has arrived!"
All the members of the Imperial Cabinet stood up and saluted Qin Tian one after another.
The current Qin Tian is forty-one years old. When he reached middle age, he became more mature and stable. At the same time, more than ten years of emperor career has made him develop that kind of imperial majesty. In the gestures, the momentum exuded was natural, and people involuntarily bowed their heads and surrendered.
"You may be seated, gentlemen." Qin Tian said.
"Yes, Your Majesty." The ministers sat down.
"Prime Minister, let's get started!" Qin Tian said to Prime Minister Vahit.
Vasit nodded, glanced at the ministers of the cabinet, and then said, "The following will be the economic operation of the empire. ”
Hans, the Imperial Minister of Trade, began to report on the current state of the Empire's economy. Overall, the empire's economy is still telling development. This, of course, was largely due to the vast colonies of the Empire. If all the colonies of the empire are combined, there are hundreds of millions of people, giving the empire a huge market. It was thanks to this market that the empire's industry and economy were able to develop rapidly.
In addition, under the leadership of Germany, a large market has been formed in the whole of Europe, in addition to Burussia. In this market, it is mainly Germany that dominates. It can be said that the two markets occupied by Germany have played a very big role in the take-off of the German economy.
In addition, the empire actively competed with the United States in the American market as well as in the Asian market. Although in these markets, there are winners and losers. But overall, it is Germany that still has the upper hand. It can be said that in the international market, Germany has already suppressed the United States.
This is why the U.S. government has had to turn to developing the domestic market. The United States has a population of hundreds of millions, and there are many wealthy people, all of whom have strong purchasing power. As long as these people's desire to buy is stimulated, then the American economy can also tell the development.
After a decade of hard work, the domestic market in the United States has become very prosperous. However, there are many problems. If it breaks out, the consequences will be unimaginable.
Hans's report was soon over, and the other ministers continued to report on their respective areas. The reports of these ministers also gave Qin Tian a more intuitive understanding of the current German economy.
Iron and steel, shipbuilding, automotive and mechanical engineering are still some of Germany's strongest industries. It is also one of Germany's most competitive industries in the world. Perhaps it is true that the Germans are naturally more engaged in mechanical engineering. They are able to manufacture the most complex and best machinery in the world.
"What is the current financial situation of the Empire?" Qin Tian asked.
"Your Majesty, the Empire is in a good financial position right now. Not counting the annual income from the colony, it is already the first in the world. Last year, the Reich's revenues amounted to four billion marks. In addition, the empire was able to receive a total of about 10 billion marks per year from the colonies. The Imperial Chancellor of the Exchequer, Earl Poole, replied.
"A total of five billion marks?" Qin Tian nodded. He was still very satisfied with this number. Compared with the data of another time and space in his memory, it was already equivalent to twice the revenue of the United States at the same time.
"Ladies and gentlemen, the economy of the Empire, though generally running smoothly. However, the economy of the Americans on the other side of the ocean is already in trouble. In order to stimulate people's consumption, they have provided consumer loans to the people on a large scale to invest in their future purchasing power. And this has led to a false prosperity in the US economy. However, the factory owners in the United States, as if they were not aware of this at all, are still desperately expanding production. Think about it, when the balance is broken, who will they sell the goods they produce? What will happen to the United States then? Qin Tian said.
The faces of several economic ministers suddenly changed. Of course, they know what the consequences will be.
If the goods cannot be sold, the factory will have to go bankrupt. At the same time, the bank loans will not be recovered, which will cause the entire country's economy to collapse.
"Your Majesty, do you mean that there may be an economic crisis in the United States?" Trade Secretary Hans asked.
"It should be about that. At least, judging from the various information that has been fed back so far, the possibility of an economic crisis in the United States is very high. Qin Tian said.
Suddenly, the ministers attending the meeting began to talk about it. As we all know, once the US economy collapses, it will have a great impact on the United States.
"I hope that the next cabinet will be able to formulate a detailed plan to avoid the impact of this economic crisis on the empire. At the same time, take advantage of this opportunity to weaken the United States fiercely! Qin Tian said.
"Yes, Your Majesty." All the ministers replied.
However, Germany has two large markets to support domestic industrial development. However, if an economic crisis breaks out in the United States, there will certainly be a ripple effect. At that time, Germany will be more or less affected. It's just that the impact will not be as great as that of the United States, and the losses will not be as severe as those of the United States.
The German government is beginning to prepare for a possible economic crisis. And the Americans, on the other side of the ocean, don't know anything about it. They are also immersed in false prosperity.
It is already a very valuable thing that the Americans believe that the international market is being suppressed by the Germans, but they can still develop the domestic market and achieve rapid development.
It was in this context that the economic crisis came as scheduled.