readx; readx; In this action to block the issuance of paper money by the Xia Empire, European and American countries lost 180,000 tons of silver, of which the United States, Britain and Nathan's Rothschild family each accounted for one-fifth, and France, Russia and many other countries accounted for five~щww~~lā

At the end of the operation, the British kept the news of the failure of the operation secret and secretly bought some silver, reducing their losses, while the rest of the country suffered heavy losses. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

Since Nathan has committed suicide, Britain has converted Nathan's investment into British national wealth and suppressed the Rothschilds, so that the British country not only has no loss, but also earns a huge amount of wealth. The Russian Empire, France, Italy and other countries also learned from the British method and counted all the losses on the Jewish banks involved this time to reduce the losses of their own countries.

All the money invested by the United States is the major American banks represented by Morgan & Co., not the U.S. government, so the U.S. government has no loss, and there is no need to suppress Jewish banks. The major banks in the United States organized themselves to form a bankers' alliance, led by John Pierpont Morgan, the founder of Morgan & Company, and this huge loss could only be borne by the bankers' union.

At that time, Morgan Company's assets were as high as $1.3 billion, or nearly 2 billion taels of silver, which was a rich country, and this time Morgan alone lost 150 million taels of silver, worth $100 million; another big American family, the Rockefeller family, lost about $50 million in this operation; and other banks also suffered heavy losses in this operation.

After receiving the news of the failure of the operation and the heavy losses, the first action of the major banks in the United States was to inform the family banks to tighten bank credit, withdraw funds, and carry out self-rescue operations.

This led to widespread rumors in society, a frenzied run on bank customers, and a Wall Street financial crisis, which made banks speed up the pace of recovering loans, and Wall Street stocks plummeted. dudu1;

Prior to this, the U.S. economy was booming, and due to the construction of the Xia Empire, a large number of materials were purchased from the United States, which stimulated U.S. production and investment; Due to the lack of central bank and supervision in the United States at that time, trust investment rose in the midst of this boom, and took advantage of this opportunity to achieve rapid development.

As of the beginning of October, half of the bank loans in New York were absorbed by the trust and investment companies under the temptation of high interest and high returns, and then used as collateral, and then invested in high-risk bonds and stock markets after loans, and the entire US financial market fell into a state of extreme speculation, and the booming Xia Empire and the huge demand of the Xia Empire This speculation is being pushed to develop at a faster pace.

Bankers such as Morgan have long seen the rapid development of the United States and the serious bubble. Morgan, Rockefeller, and other bankers involved in this operation had already planned on the ship back to the United States, and they took this opportunity to attack the American trust and investment companies, squeeze out and merge small and medium-sized competitors, and take the opportunity to buy the big enterprises they coveted, and, of course, force the US government and the people to agree to the establishment of the long-awaited US central bank. Only by passing on this loss to others can the bank survive better, and this heavy loss is a very good excuse.

Soon after these bankers returned to the United States, it was reported that the Nick Burke Investment Company, the third largest trust and investment company in the United States, had failed in its acquisition of shares of United Copper Company on the stock market and was about to go bankrupt. This in turn led to a skyrocketing interest rate on loans, which suddenly rushed to sky-high interest rates.

On October 22, Nick Burke Investment Company declared bankruptcy due to lack of funds.

As of October 24, the New York stock exchange has been suspended due to lack of funds and insufficient market liquidity. dudu2;

In order to establish a good image of the bank among the people, at the invitation of the chairman of the stock exchange, the bankers pooled tens of millions of dollars to save the stock market, but it was only a day of relief, and by October 26, eight banks and trust and investment companies had collapsed in the United States.

On Saturday, November 2, John Pierpont Morgan embarked on his long-planned plan to "rescue" the Morse Slyer Company, which was still in the midst of a storm.

The company has fallen into $25 million in debt and is on the verge of collapse. But it was a major creditor of the Tennessee Mining and Iron Company, and if Morsley were to be forced into liquidation, the New York stock market would collapse completely, with dire consequences.

Morgan invited all the big names in New York's financial circles to his library, the merchant bankers were placed in the East Study, and the trust company CEOs were placed in the West Study, and the panicked financiers anxiously awaited the fate that Morgan had arranged for them.

Morgan knew that the iron and coal deposits in Tennessee, Alabama and Georgia, owned by Tennessee Mining and Steel, would greatly strengthen the monopoly of American Steel, the steel giant that Morgan founded himself. Under the constraints of antitrust law, Morgan has always been unable to talk about this big piece of fat, and this crisis has created a rare opportunity for him to merge. To get this piece of fat, Morgan still has one last hurdle to pass, and that is the old President Roosevelt, who is not ambiguous about antitrust.

On Sunday night, Nov. 3, Morgan sent a starry night rush to Washington to get presidential approval before the stock market opened the following Monday morning. dudu3;

With the banking crisis causing the collapse of large numbers of businesses and the massive crisis of power among thousands of angry people who had lost their life savings, President Theodore Roosevelt had to rely on Morgan's power to stabilize the situation, and he was forced to sign the Castle Alliance at the last minute, just five minutes before the stock market opened on Monday!

In the end, Morgan bought Tennessee Mining and Steel at an ultra-low price of $45 million, and the company's potential value is at least about $1 billion, according to John Moody's estimates.

The U.S. stock market has stabilized for the time being, but an even bigger crisis is in the making, and this time it is not only the US banks that have suffered huge losses, but the entire Western world, with the exception of Germany, which has made huge profits.

By the end of 1908, more than 400 credit institutions in the United States had gone bankrupt, with a total debt of more than $800 million, and nearly 40,000 industrial and commercial enterprises had registered bankruptcy.

In the 1907 crisis, industrial production in the United States fell by a higher percentage than in any previous crisis, and the number of unemployed was estimated at more than 10 million at its peak, something that had not happened in any previous crisis.

The crisis also affected many countries around the world, with Britain, France and other countries trying to dump goods into their colonies and hoping to compete for more colonies.

Such a series of crises exacerbated the contradictions between Britain and Germany, France and Germany, and the First World War was conceived in the crisis.