readx; Like what electrical appliances go to the countryside, cars go to the countryside, and telephone goes to the countryside activities...... However, the rural population is now small, and most of the population of the Chinese Empire has become mainly urban, and it is easier to stimulate the urban population to consume, because it is closer to the point of sale, and the needs of urban living are higher than those of the countryside. Pen ~ fun ~ pavilion www.biquge.info

What electrical appliances are discounted and promoted, all of them are out.

In 1929, the interest rate on car loans was even lower than the interest rate on savings, which greatly stimulated the sales of family cars.

The previous car popularity has been very high, 21% of the country's families have a family car, but the distribution structure is not very balanced, the earlier development of the coastal areas under the bubble economy development level is higher, because the coastal areas have largely solved the housing problem before, so directly on the car loan, so in the coastal areas, the popularity of family cars is as high as more than 50%.

The main market is still the inland areas, and the infrastructure in the inland areas is still not as complete as that in the coastal areas, and the popularization of family cars to the inland areas will help to build the infrastructure of the interior.

In terms of roads, since the land of the Chinese Empire was private, private individuals could also build roads.

The emergence of a large number of family cars has made the road another investment hotspot after the railway, because the car has to pay for the road.

As long as this level of economic prosperity continues, these roads will pay for themselves quickly and continue to generate profits, which is an attractive project.

The foreskin banks of the East China Bank have also begun to lend a large number of loans for private road construction, and the interest rates are also very low.

The aviation industry has received a large number of loans, airports in various towns are being opened one after another, and airlines are still purchasing aircraft.

Car sales in inland areas have soared, as well as car sales in coastal areas, as have car loan interest rates plummeted.

This is the last madness!

Due to the soaring sales of automobiles, the automobile manufacturing industry has absorbed a large number of workers, and in fact, there is a serious backlog of products, that is, those in the light industry.

In terms of heavy industrial products, because to a large extent they belong to the monopoly production of the East China Group and the three major groups of Zhongsheng and Huasheng Group, they are relatively orderly, and the scale of production will not expand endlessly.

Since light industry also involves a relatively large number of jobs and a low degree of monopoly, the economic collapse mainly depends on the backlog of goods in these light industries.

This is like a flood storage, which suddenly blows up a dam and drowns a large number of people, thus causing heavy industry to fall into a semi-stagnant state, thus affecting the entire social production order.

These heavy industry production enterprises are mainly based on the East China Group, which is like a large landlord in ancient times, because of its abundant financial resources and the fact that the first rescue policy of the political axe takes care of these large enterprises, so even if production falls into a semi-stagnant state, it can be overcome.

Moreover, now the East China Group is a state-owned asset, and it is first taken care of by the bailout policy, and I believe that no one will have an opinion.

To put it bluntly, those small and medium-sized enterprises are difficult to borrow, and appealing to banks is always just a slogan. Especially in the economic recovery phase, banks want small and medium-sized enterprises to go bankrupt in order to take over the industries they have built.

In 1930, the economic development of the Chinese Empire was still rapid.

In 1930, one of the main characteristics of bank lending was that most of the loans were short-term loans, that is, most of them were two-year loans, and few were three-year loans.

Why?

Quite simply, if a five-year loan is granted, then the Chinese Empire will not be able to wait for five years, and it is unlikely that the economy will be depressed for five years, but only three years at most.

That is to say, if you take out a loan for five years, and then the economy starts to recover after three years, then some companies can still use the remaining two years to recover, and then they cannot let these companies go bankrupt to take over their assets.

Therefore, in 1930, the loans issued were short-term loans for two years, and many enterprises still fantasized that they would borrow a sum of money to repay the money of the political axe two years later, and then get a loan from the bank.

1930 was the year of the swan song of prosperity.

Under the frenzied construction and production, the total output value of the Chinese Empire exceeded 750 billion Asian dollars in 1930, while the United States had fallen into an economic depression, and the total output value fell to 120.6 billion US dollars in 1930, and production fell by 1/3. The output value of the Chinese Empire of 750 billion Asian dollars has reached 3.1 times that of the United States, and the annual GDP of the Chinese Empire itself greatly exceeds that of the United States.

However, in 1930, in terms of naval arms race, the United States still did not reduce the financial resources invested, which shows the determination of the United States to maintain maritime supremacy.

The Chinese Empire is to a large extent a land power country, and land hegemony is what it excels at, and the United States must have a navy to protect itself from extending its hand to North America to prevent the Chinese Empire from reaching into North America.

Since the output value of the Chinese Empire in 1930 was already high to a certain extent, it once again planned to build two more battleships of the Mengjiang-class class.

They are Wei Qing and Yue Fei.

This time it was really built, and with the addition of Qi Jiguang, the number of real general-class battleships reached three, and the number of general-class shell ships reached five.

In 1930, the central financial revenue of the Chinese Empire was as high as 85 billion Asian dollars, and with so much money, it was nothing to invest a little money to build two battleships.

In fact, Xia Jun has a lot of points in his hands.

I don't care anymore if it's a matter of a couple of Admiral-class battleships.

An advanced general-class battleship doesn't seem to have much effect, so Xia Jun still decided to build two more.

Britain and the United States said that this time there was a very serious difference on the issue of whether to follow up, and the United States had no money to build more battleships under the economic depression.

It was a country second only to Germany, which was heavily damaged militarily by the Chinese Empire in World War I, and the export industry was suppressed by the Chinese Empire, and it was also very dependent on the American economy.

The Chinese Empire once again added two fierce general-class battleships, and Britain and the United States said that there was a big difference, and finally chose a compromise method, and also chose to build two more, as for the addition of four, forget it.

In the battleship race, all countries have made a lot of efforts.

…… In the face of the fierce arms race, the economy of the Chinese Empire went through 1930 and entered 1931 under the prosperity.

Xia Jun still decided to let the people have a good Spring Festival, and when the Lantern Festival is over, they will be slaughtered.

The Spring Festival of 1931 was extremely lively.

Chinese New Year's Eve is the last day of the lunar calendar for the 20th anniversary of the founding of the Chinese Empire, the 20th anniversary of the founding of the Communist Party of China, and so on.

It's hard to describe how lively it is.

The whole country was enveloped in a sea of celebration, and the people were happier than ever at this moment.

With a dignified look, Xia Jun completed the various processes of the Spring Festival in accordance with the practice of previous years, and also added new activities such as climbing the altar to worship the sky.

On the twentieth day of the first month, five days have passed since the Lantern Festival.

The whole country has largely returned to normal production.

On the same day, Huadong Group began to sell many of its shares.

The East China Group has a large number of stocks in its hands, especially the East China Bank, and the East China Group bought a lot of potential stocks before the start of the bubble economic policy, and these stocks have risen by an average of seven times, and some even rose by 20 times. The growth level is higher than the average growth of the stock market, because the stocks that are selected are valuable, and what industries are valuable, it is very clear that the bubble economy can drive the development of any industry, and buy the listed stocks of what industry.

As soon as these stocks were sold, they were immediately eaten by investors.

Because the bank had not cut off the loan on that day, the capital chain was not a problem.

Huadong Group continued to sell its shares for nearly a week, and the stock market price did not fluctuate much.

East China Group invested a lot of money in the stock market, and at this time it was completely recovered, and on average, the money invested at the beginning obtained 700% of the income, which was only a short period of five years. And the money invested in the stock market is borrowed from the bank.

Huadong Group is the largest market maker in the stock market.

The dealer has an information advantage, especially at the level of East China Group, and you will not lose money playing stocks with your eyes closed.

Money began to drain away, and banks began to lend large amounts of short-term loans for two years to replenish the stock market.

Big bookmakers began to withdraw funds, which naturally had some impact, and bank loans were just to encourage more people to put their money into the stock market.

Before slaughtering, the fatter the better.

The East China Group fled for five days in a row, basically selling all the stocks that were purely speculative.

Then, Huadong Bank began to sell some inconsequential shares, which were mainly obtained through bank financing or exchanged for equipment.

Some of these stocks are held for a long time, but they are not too important, anyway, they are sold now, and when the story collapses to a certain extent, they can be bought back at a low price, and the only thing to consider is that someone has picked it up.

After all, when the stock market is cold to a certain extent, someone will come out to pick up the bottom, and there is no big loss if the bottom is lost, anyway, those stocks that have been missed will definitely be able to rise in the future.

So in order to prevent losses, those stocks that are important for a long time, and for sale, are sold for some stocks that can be held for a long time, but are not very important.

After seven consecutive days, the banks of the East China Group collectively shrank the number of loans, and most of the people who went to apply for loans that day, whether they were enterprises or individuals, did not get loans, and only some of them got loans.

Suddenly there was a problem with the capital chain!

Many companies repay their loans by guaranteeing the money borrowed by the company.

As a result, they took the money from the guarantee company and returned it to the bank, but the bank did not pay the money, and these companies directly did not have the money to pay back to the guarantee company.

A guarantee company is also a private fundraiser, which has a higher interest rate.

The biggest customers of these guarantee companies are the companies, which usually only borrow a few days to pay off the banks and keep their companies from failing.

The bank did not pay the money, and a large area was killed in an instant.

The guarantee company suddenly lost a lot of money, and many guarantee companies even went bankrupt directly, and as for those individuals who put the money in the guarantee company, it is obvious that they will not be able to get the money.

The guarantee companies are all bankrupt, and who is still asking to go?

Although the government recognizes the status of the guarantee company, it does not stipulate who asks for the money after the guarantee company fails.

In addition to confiscating all the property of the guarantee company, the property of the owner of the guarantee company was confiscated, and then the property was turned into funds and returned to the individual.

As for the money lost, it is still the same sentence, the market is risky, and investment needs to be cautious.

On the same day, most of the shares on the Hangzhou Stock Exchange began to fall, but not by much, but by the next day, the decline was even greater.

On the third day, many stocks fell to the limit.

Day 4...... The political axe finally came out to save the city, and after a gesture performance, the official announced that the rescue failed.

On the fifth day, all the way down to the limit.

With the sharp drop in the stock market and the implementation of banking austerity, a large number of companies went bankrupt, and in just five days, more than 3,000 companies of various sizes went bankrupt.

Banks are the busiest, receiving the assets of bankrupt companies everywhere.

These enterprises basically do not have too many foreskin enterprises, because corporate loans, the political axe is strictly controlled, and not everyone loans.

Just like the mortgage problem of corporate loans, you must use useful assets as collateral, such as what car cannot be mortgaged, even if it is expensive, it is useless.

Banks do not recognize the value of these things at all, and only when they use real estate such as land and factories as collateral will they simply lend.

At the same time, when banks make loans, they make great efforts to verify the enterprises themselves.

Therefore, most of the companies that can apply for corporate loans are real companies, not the kind of people who cheat money. In later generations, many people engaged in shell companies that cheated money, first registered seven or eight companies, and then went to take out loans, and then took out loans to buy luxury cars and watches, and then mortgaged the cars and then took out loans.

At this time, there was also a certain degree of this phenomenon in the Chinese Empire, but it was not too much, and the audit was so strong that it was impossible to have too much.

As for appearing, it doesn't matter.

As soon as the economy collapsed, the bank tightening policy was carried out, the stock market began to collapse, and the listed companies could not get funds, and suddenly went bankrupt.

And those investors are trapped.

People are frantically throwing out stocks.

Quite a few people also started jumping off the building.

These jumpers generally borrow money to speculate in stocks.

If you use your own money to speculate in stocks, you will never get to the point of jumping off a building.

If you use your own money to buy stocks, go to the bank to apply for a personal loan, and at most apply for a loan of 1,000 yuan, which is about a year's income of an ordinary family.

It's just that if you owe this money, you still owe it to the bank, and the bank can't be so tight, and it is generally impossible to kill people.

Only those investors who have borrowed money to buy stocks will jump off the building.

For these jumpers, the Imperial Political Axe dispatched a lot of police forces to dissuade them.

The economic pain is inevitable, these people can only be said to be unable to see clearly, the worst is the group of people, but it is not the original intention of the empire to force them into a corner.

These people usually borrow money from guarantee companies, so when the economy collapses, the guarantee companies are almost all killed.

Many people used to borrow money from the bank, and then put the money to the guarantee company to eat interest, but as soon as the guarantee company died, these people's money was inexplicably gone, and they still owed the bank a personal loan.

As for the issue of the guarantee companies, the Chinese Empire carried out a comprehensive liquidation at this time, and accepted all the property of the guarantee companies.

As for the money lent out by the guarantee company, the empire adopted a non-collection attitude, which made many investors who wanted to jump off the building discourage.

Faced with those heavily indebted investors, the Chinese Empire introduced the Personal Bankruptcy Act, under which individuals who owed a certain level of debt could file for bankruptcy.

There is a difference between personal bankruptcy and corporate bankruptcy, and when an enterprise goes bankrupt and collects its assets, the business owner no longer has to bear any responsibility, unless there is fraud.

Personal bankruptcy is an act that can be applied after the failure of the investment, and if the money is squandered and enjoyed, then it cannot file for personal bankruptcy under the act.

But after personal bankruptcy, the money is still repaid.

For example, if you owe 10,000 yuan, you can reduce the amount of personal loan to the point of 1,000 yuan after bankruptcy.

That is to say, the repayment of the money still has to be repaid, but the empire will not let these individual investors who have failed to repay the money for a lifetime, and those who really can't afford to pay back the unrealistic amount will all be cut, and only the limit of what can be repaid will be retained, so that it is more reliable.

If an ordinary family can earn 1,000 yuan a year and a half according to the income during the economic boom, then they can pay back the money in three or four years at most.

As for how the money invested by individuals is obtained, then the empire does not care.

Not only is the market risky, but you need to be cautious in investing, even when borrowing money.

Personal Bankruptcy Act, there is no loss for the bank. The bank also does not expect these investors who are forced to jump off the building to repay the money, and after these investors jump off the building, the bank still collects the money, because the money borrowed by the investors is borrowed from private individuals, and other borrowers cannot receive it, and they owe money to the bank, and these private individuals have to repay the bank's money, and the bank does not care if others owe you money.

The bursting of the economic bubble was tantamount to an unprecedented heavy tax imposed by the Chinese Empire.

For many people, the fact that their entire families owe the bank personal income ranging from six months to a year and a half is equivalent to saying that they will have to work for the empire for free for such a long time in the future.

After the introduction of the Personal Bankruptcy Act, the number of investors jumping off buildings suddenly decreased by a large amount, and this bill was like a life-saving straw.

Xia Jun presided over the introduction of the "Personal Bankruptcy Act", which is to provide a protection for those who have suffered the most losses, a most basic protection.

Capital eats people and does not spit out bones, which can be fully reflected in this phenomenon of forcing people to jump off buildings. This bill guarantees that these groups do not have to bear debts forever, and can spread the losses among others.

There was some debate within the empire about this bill.

Some of the people who lent the money opposed the bill, but they had no choice but to accept the facts.

As the media put it: "These people will never be able to pay off their debts, and if they don't legislate, those investors will inevitably end up with no way out, and they will not get their money." Legislation or non-legislation, in essence, those who borrow money can't get money, since this is the case, why bother to force people to death? ”

…… Immediately after the collapse of the economic bubble in the Chinese Empire, the Chinese Empire initiated the unemployment relief bill, and as a large number of factories went bankrupt and closed, the banks accepted many businesses.

When the economy collapsed, many companies could not afford to pay wages, and there were many backlogs of goods that could not be sold, and no one wanted to sell factories, so they had to file for bankruptcy.

After filing for bankruptcy, it was the East China Bank that took over the company's assets, then issued the workers' wages, and then the East China Bank sealed the backlog of goods in stock.

Bank tightening is the main reason for the bursting of the bubble economy.

But without austerity, there is no way, and the bubble economy cannot last forever.

If you want to raise it, you must slaughter it, otherwise there will be no momentum to move forward.

At the same time, with the deepening of the economic depression after the economic collapse and the continuous decline in the price of real estate, Huadong Bank has begun to gradually acquire real estate at a very low price.

Why does it create a monopoly?

That's what creates a monopoly.

Huadong Bank has a tight schedule, only two to three years.

This is because the recession is set for a period of between two and three years, and two years later the Chinese Empire will introduce policies to restore the economy.

During this period, the central government of the Chinese Empire faced a very severe political performance test.

There must be a substitute for the dead.

The substitute for the death of the United States is President Hoover, Coolidge obviously understands that the US economy is about to collapse, and the next person to come to power is the substitute for the dead, so although the re-election campaign may be very large, Coolidge chose to retire.

Hoover, at this time, was America's 'great' humanitarian rescuer, and of course it was all whites.

The Chinese Empire also had to have a substitute for the dead.

After the economic collapse, Xia Jun simply announced that he would leave all economic issues to the cabinet, and he often appeared in military news. When the public saw Xia Jun's face and news reports, it was all military. It seems that Xia Jun has transformed into a professional commander-in-chief and no longer cares about government affairs.

The cabinet discussed and discussed, and in the end, You Zhengbin was elected as this substitute ghost in a semi-active and semi-passive attitude.

You Zhengbin knew that in the next two years, his reputation would plummet, but for the sake of the great cause of the empire, he could only bite the bullet.

As a result, You Zhengbin has been entangled in a problem all day long, that is, how to oppose the economic crisis.

In the context of the economic depression, the people of the Chinese Empire demanded that the central government axe immediately give a good solution, and You Zhengbin swore in front of the public that the Central Cabinet of the Chinese Empire was working hard to discuss the plan.

"We, the Chinese Empire, are a new capital country, and we don't have much experience in the face of this kind of economic depression. Compatriots, wait patiently, don't be in a hurry. Within three years, the empire will definitely come out of the haze of economic depression within three years......" You Zhengbin frequently appeared in front of the public and launched his political performances.

At the beginning, the people were full of confidence and expectations in the 'You Cabinet' presided over by You Zhengbin, but in the next two years or so, the You Cabinet made the people greatly disappointed.

Because of You's cabinet, it has adopted a series of policies of 'delaying, prevarication, and prevarication', constantly trying to divert the public's attention.

Some groups are extremely dissatisfied with the Yau cabinet.

However, although the economic depression hit, the economy of the Chinese Empire was still very well preserved, and a large number of enterprises were not affected.

It was mainly the Chinese Empire that destroyed those overstocked goods.

Most of these commodities are agricultural products and light industrial products, which are relatively easy to produce, the cycle is very short, and there are many jobs involved, so after the destruction of these commodities by the Chinese Empire, light industry began to recover to a certain extent.

In fact, Huadong Bank mainly wants real estate.

Like light industry, it doesn't matter whether East China Group wants it or not, but if it does, it will definitely not refuse.

In terms of heavy industry, most of them belong to the monopoly of the East China Group, although there are also some private enterprises into heavy industry, but the scale is not large, this economic crisis, the main devouring factories are these heavy industry private enterprises.

For example, Zhongsheng Group and Huasheng Group belong to the monopoly group, and in this economic crisis, they belong to the protection ranks.

The two major groups themselves have relatively strong financial resources, and when the economic crisis comes, they have enough strength to support the past, while the East China Group has exchanged its light industry assets for more shares of the two major private enterprise groups.

Zhongsheng Group and Huasheng Group themselves are entangled with Huadong Group in terms of shares, and belong to brother groups, and this economic recession, Huadong Group's shares in the two major groups have increased.

Three monopoly giant ships were gradually formed.

At the same time, those transportation facilities are also the focus of the banks under the economic recession.

However, one of the characteristics of those transportation facilities is that they are not built with many loans, because they have a long payback time.

Therefore, it is generally built with private funds, so it is rare to fully accept the loan as soon as the term of the loan expires.

But there are many bankrupts, and their assets are taken over by the East China Bank, so the shares of these infrastructures are increasingly controlled by the banks.

At the same time, banks began to buy up these railways, roads, power stations and other infrastructure, and because of the economic depression, the prices fell sharply.

Banks have been the busiest in this recession, as they not only have to take over the assets of bankrupt companies, but also have to thoroughly classify and consolidate these assets.

For those properties that are of high value, the bank will keep them.

Assets that are not very valuable are sold or leased by banks.

It's definitely a good season for banks.

Banks are state-owned assets, which is equivalent to the harvest season of political axes.

…… With the outbreak of China's economic depression, the entire world's economy fell into a freezing point.

But in the Third World Union, the people's livelihood situation is relatively good, and all the high-level member states of the Third World have implemented unemployment relief bills.

All unemployed people can receive basic living material security every week. That is, food, clothing and other materials.

At the same time, the Third World Alliance has strengthened public order and strengthened its control over public opinion.

Much of the blame for the economic depression has been placed on the United States, which has become the main culprit for China's economic collapse.

The collapse of the Chinese Empire's economy immediately spread to other member states.

The economic crisis in the United States broke out earlier than the Chinese Empire, and the public was not familiar with the banking process, so there was a general preconception that the cause was the American mess.

Therefore, in this economic depression, the public discontent is not very large.

There are also some public grievances, mainly complaining that the Imperial You Cabinet is not strong and cannot lead the empire out of economic difficulties. The people still support the empire, and there are no serious problems of public opinion.

You Zhengbin, the substitute for the dead ghost, is decided, and he also understands that his career is almost over, and he must retire for a period of time in the future, but it is completely possible to go out of the mountain again.

The reason why he is willing to be this substitute ghost is mainly because You Zhengbin is still very young, he is only two years older than Xia Jun, and it is no problem to retire for a few years.

When he came out of the mountain again, he was brilliant.

Although temporary fame will be affected, the name that will be handed down in future generations will certainly not be affected.

…… In 1932, the third year of the Emperor Han Dynasty.

In the second year of the recession, the number of unemployed people in the Chinese Empire grew to 100 million, the largest industrial population in the world.

However, in terms of unemployment, the Chinese Empire has only reached 26%, while the United States has nearly 20 million unemployed, and the unemployment rate is as high as 35%.

The world economy has fallen to a freezing point, and the number of bankrupt enterprises in the world has risen to 160,000, of which nearly 50,000 enterprises have been bankrupt in the Chinese Empire.

The economy of the Chinese Empire is the largest in the world, but the degree of monopoly is also large, and there are few foreskin companies, so the number of enterprises is not so large.

Industrial production in the world as a whole fell by one third, and the volume of international trade fell by two-thirds.

China and the United States are reaping fruitful markets, and at the same time, the bank capital of countries such as Britain and France is also reaping the fruits of their own countries.

However, Britain and France did not get much development during the economic boom, because there were too many imported things, so the bankers in Britain and France did not raise pigs, although they strengthened their monopolies.

At the same time, as time went on, more and more businesses went bankrupt, and the economic situation continued to deteriorate.

The banks are running out.

China and the United States seem to maintain a tacit understanding on the economic front, and neither of them has the idea of reviving the economy. But the two countries are in a race to get more assets into their hands at a faster pace.

However, the United States clearly miscalculated.

Wall Street bankers in the United States estimate that it will take at least four or five years for the Chinese Empire to complete the harvest, but in reality the Chinese Empire has set a time of less than three years.

During the economic depression, countries have strengthened their armaments.

However, at this time, it has not yet reached the period of force, so although it has been strengthened, the intensity is not large.

The time soon entered 1933, the fourth year of the Emperor's Han Dynasty.

The recession has entered its third year, and the world economy has not changed much.

The world's two superpowers, China and the United States, are both at a freezing point in their economies, and US President Herbert Hoover has been hailed as a 'hungry president' by Americans.

Since there is no unemployment assistance bill in the United States, the unemployed are starved to the point that they cannot eat.

And You Zhengbin, the first assistant of the Chinese Imperial Cabinet, is known as the 'first assistant of the tractor', in order to satirize his inefficient decision-making, and has not yet come up with a specific plan.

As recently as May 1933, the Chinese Empire had already drawn up a new cabinet list internally.

(To be continued)