While financial figures such as Zhang Jiaao are actively stabilizing the economy, the government is still making good on its promises to voters. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

Because Mi Qing felt that although the economic crisis had emerged, the economic situation in Shanghai was acceptable, the stock market had not fallen much, and the unemployment was mainly concentrated in the temporary population, and even she believed that the reason for the unemployment situation was that the capitalists were waiting and seeing whether the government was really determined to solve the problem of wages, and even the capitalists were putting pressure on the government.

Therefore, Mi Qing not only did not announce the suspension of the implementation of the "Minimum Wage Act", forcibly promoted a sharp increase in wages across the country, but also began to introduce a new welfare protection bill.

The most important is the Working Hours and Holidays Act, which requires workers to work no more than eight hours a day and two days off a week, in accordance with international standards.

As soon as the contents of the eight-hour working day and the Saturday and Sunday bills were exposed, there was an immediate uproar of complaints, and the capitalists complained in the newspapers, saying that in the context of the world economic crisis, the promotion of these policies was aimed at stifling China's industry and would make China's industry completely uncompetitive.

There is an undercurrent of various forces, and they are not just shouting twice in the newspapers, but they are actually taking action.

Lobbied in Congress to try to prevent the passage of this bill, and some people even approached Yang Chao and complained to Yang Chao, with a strong desire for Yang Chao to stand up and say something to stop the government's current inappropriate behavior.

This is not those selfish capitalists who do not have a sense of the overall situation, because ordinary factory owners are not able to meet Yang Chao, but the capitalists who can meet Yang Chao have to take care of their own face, because the capitalists who can meet Yang Chao are giants like Zhang Jian, and they don't want the outside world to scold them for being rich and unkind because they want to save a few dollars.

Those who can meet Yang Chao and dare to complain to Yang Chao must be people who have no personal interests in it, such as people like Shanghai Mayor Xie Guanhui, who think that they are for the overall situation, not personal interests. Xie Guanhui said that if this continues, a large number of enterprises in Shanghai will have to lose money and a large number of factories will have to close.

In the face of these complaints, Yang Chao only said that he was not in his position and did not seek political power, and that he was also an employer and would abide by the legal system, and that once the bill was passed, Yang Zi Bank would definitely raise the wages of all workers to the level of one tael per day.

Xie Guanhui's face is green, isn't this nonsense, Yangzi Bank also earns one or two per day, who doesn't know that Yangzi Bank is the highest-paid enterprise in China, this bank does not recruit guys who run the street, does not recruit ordinary clerks, and the vast majority of employees are experienced accountants.

Because Yangzi Bank does not need to lend to ordinary factories, they do not do small projects, projects of less than 1 million yuan, they will never accept them, and this level of projects is not something that ordinary small banks can intervene in, so Yangzi Bank has a market, and large projects cannot be done, so it is simply necessary to run around the streets to pull business like small banks.

Not only does Yangzi Bank's business not need to be pulled, as long as it is an ambitious enterprise, it hopes to cooperate with Yangzi Bank. Because a trend has now been formed, everyone subconsciously believes that being able to cooperate with Yangzi Bank means an identity, and any project that Yang Chao values will definitely be able to make money.

Therefore, often the best companies take the initiative to cooperate with Yangzi Bank, some enterprises want to go public, find Yangzi Bank to do underwriting, some companies want to borrow to do a big project, find Yangzi Bank to borrow money, Yangzi Bank borrowed, they are full of confidence, Yangzi Bank does not borrow, they themselves have to think about it first, whether the project is a problem.

Another main business of Yangzi Bank is to underwrite all kinds of bonds, from national bonds to local bonds, Yangzi Bank has handled, and it can even be said that it is the only person who handles, whether it is the Republic government to issue treasury bonds, or the local government wants to finance, the first will think of the strong, skilled Yangzi Bank.

Underwriting the issuance of stocks, financing large projects, and underwriting bonds at all levels, these businesses must be accountants with rich experience, only they can evaluate the value of listed companies, only they can judge whether the project has prospects, and only they know how to use the most appropriate method to distribute bonds.

The banking industry is undoubtedly the industry that stands at the top of all industries, and Yangzi Bank is undoubtedly the bank that stands at the top of China's banking industry.

Such a person earns a tael a day?

Well, Xie Guanhui knew that Yang Chao was cheating, so he was disappointed and left.

After the passage of the minimum wage bill, there was a gap of more than a month, and in May, Mi Qing really introduced the eight-hour working day and weekend bill.

Previously, due to the introduction of the minimum wage system, the people's hearts have been jubilant, and Mi Qing's government has maintained a high degree of affirmation.

So there is a lot of pressure on the Congress, even though there are a lot of lobbyists, especially the MPs in Shandong, Shanghai and Guangdong, because the capitalists in their province want not to pass this bill for the time being, but they are also the place with the largest number of workers in the country, and if they refuse, will they go home?

So the bill stumbled through.

China's economy has continued to decline, but to a far lesser extent than the United States, and there has been no cliff-like decline. For the time being, it is similar to the United Kingdom, which is more modest, but the unemployment rate has finally exceeded 10%, and the number of unemployed people has reached 8 million.

It's not just the Chinese rulers who are making trouble, but the Americans are not letting people live in peace.

The president of the United States is now Hoover, and after Coolidge has done enough for the second half of his term after Coolidge's resignation, Dawis wisely chose to abandon the election, because he knows very well that when he was vice president, the United States suffered great humiliation from China, and if he ran for office, it would be too easy for his Democratic opponents to seize the opportunity.

Dawes himself did not run for election, but vigorously supported the campaign of Secretary of Commerce Hoover, Hoover, as Minister of Commerce, could not fight with the Sino-US military conflict, and the great prosperity made his work performance quite beautiful, although American goods are never cheap, but because European industry was too badly damaged in the war, especially Germany, the largest industrial competitor, was knocked to the ground, American products are still indispensable to Europe in the post-war recovery period, especially American automobiles and steel are very competitive.

Thus, despite the end of the war and the large debt owed to Europe, the United States was able to generate a surplus of more than $500 million a year from Europe through trade.

Of course, the Republican Party's cowardice in the confrontation with China still dissatisfied some nationalists, so he did not win easily, only less than 1 million more votes than his opponent, which can be said to be a narrow victory.

Moreover, Hoover was elected, and the agricultural group contributed a lot, and American agriculture fell into a long depression after the war. Agricultural exports are at least one-third lower than at their peak. Hoover has always had a close relationship with the agricultural group, and he fooled the US government into purchasing more than $20 million in agricultural products to relieve Soviet Russia, which already made him quite prestigious among the agricultural group, so in this election, Hoover did not forget to continue to play the agricultural card, and he promised that once he was elected, he would greatly increase agricultural tariffs and protect American agriculture.

However, at Hoover's special congressional meeting for agriculture, all forces were very active, and they all demanded the interests of their own interest groups, and US Congressmen Smoot and Hawley jointly submitted a bill asking the government to protect American industry under the pretext of the economic crisis caused by the stock market crisis.

Hoover could not refuse such a bill, and neither could members of Congress. When the bill was being widely discussed, more than 1,000 economists in the United States jointly opposed it. But under the principle of political correctness, this extremely strict protection bill was passed, and the scope of protection was unprecedented, because almost all industries felt that they had been hit by foreign products, and even the tombstone manufacturing associations stood up and demanded that the government protect their industries.

In June, the United States passed the tariff bill named after Smoot and Hawley, raising the import tariff rate from an average of 40% to 48%, an increase of 8 percentage points, this tax rate increase is not too exaggerated, but the exaggeration is the scope of protection, the United States has increased the import tax rate of more than 20,000 goods, almost all imported goods are covered, which is the biggest impact.

But the market did not appreciate it, and the New York Stock Exchange immediately began to fall, and will continue to fall for two and a half years, and finally fall to 90% of the stock market.

Why does the market see tariff protection as a negative?

Because of the trade imbalance between Europe and the United States, European countries have long been very dissatisfied, especially the United Kingdom, the world's largest trading country that praises free trade. European countries have threatened a trade war many times, and it is clear that the market believes that the passage of this tariff bill by the United States will allow European countries to retaliate.

Sure enough, European countries made-for-tat moves, and European countries immediately raised tariffs on American products.

In an instant, the trade system between Europe and the United States almost collapsed.

At the same time, the economic crisis in Europe has deepened.

In Germany, in particular, the high unemployment rate, the unemployment of more than 1.5 million workers, and the widespread discontent of society have produced an extremely serious consequence, that is, the Nazis, who have always advocated xenophobia, won 107 seats in the Reichstag, and succeeded in becoming the second largest party in the Reichstag, whereas two years ago they only had 12 seats, which was only the ninth largest party in the Reichstag.

But at a time when the leading capitalist countries of the world are plunging step by step into the deep waters of the economic crisis. In the third year of the five-year plan of Soviet Russia, their industry grew by 20% per year, and in four years it could be doubled.

The success of the Soviet-Russian model is even more set off by the failure of the capitalist free economy, and the whole world is envious that there is no industry in Soviet Russia, and industry tells growth. The Russians began to propagate that capitalism had encountered an economic crisis that would completely destroy them, and that the Russians were qualified to say this at this time, because they had a unique scenery on their side. (To be continued.) )