In fact, the Ming Empire, which appeared to be prosperous and wealthy on the surface, was actually not in good shape. Many latent contradictions have long been on the verge of erupting, and a large-scale stock market crash will instantly detonate all negative things.

The saying that the Ming Empire is rich all over the world is not wrong. However, with the tremendous changes brought about by the two industrial revolutions, the production cooperatives. The contradiction between communization and private ownership of the means of production has never been resolved.

The royal family, large families, large conglomerates, families and wealthy classes occupy the vast majority of the means of production. Leather. The fateful industrial explosion did not bring wealth to everyone. In turn, it has led to the bankruptcy of many smallholder farming families. Because the wealthy class needs a large number of laborers to enter the factories to work.

The contradiction between the rich and the poor has only exacerbated the gap between the rich and the poor after the explosion of productive forces through scientific and technological progress.

In the Ming Dynasty, the wealthy class, which accounts for 5% of the population, and the royal family account for almost one-third of the country's income. And more than 60% of the families barely live near the poverty line! This significantly limits the purchasing power of society. At the same time, this is also the reason why a large number of young people have crossed the ocean to go to the colonies to fight hard, because they are too poor.

There is no work in this era. Yes, there are no (stars), there are no laws to protect workers. The boss can fire whoever he wants, and there are many unemployed people. And unemployment means a reduction in social security. will have purchasing power, also because there is no money on him.

In addition, with the increasing strength of countries around the world, the demand for some agricultural products, minerals and primary industrial products, which were originally very dependent on Daming, began to decline on a large scale. Instead of decreasing, the production of these materials is expanding at an unprecedented rate.

No one buys it, and they are desperately trying to increase production capacity. What is the reason? The reason is for stock speculation.

The bigger the factory, the higher the production capacity, the more room for the stock to appreciate. As for the product, it doesn't matter if no one buys it, you make far more money from the stock market than you make from selling things. With artificial agitation and speculation, real estate and stock speculation began to frenzy.

Before Zhang Cheng returned to his homeland, the average stock market price in Songjiang Province had already risen twice compared to a year ago! The financial regulation and various legal provisions of the Ming Dynasty are very hollow, and it is almost impossible to effectively monitor such large-scale speculation.

Again, how could the family consortium that holds state power make such a law against themselves? As the stock market heats up, a large number of idle funds from all walks of life that have nowhere to invest are rapidly pouring into the stock market, driving stock prices to rise rapidly, and price records are being refreshed every day.

As large-scale stock speculation reached its peak, this unprecedented rampant financial speculation prepared the conditions for the collapse of the monetary and credit systems. The money of the banks is invested in the stock market, and once it is trapped, it means that the banks go bankrupt and the depositors go bankrupt.

When Songjiang Daily shouted on the front page, 'If you want to get rich, buy stocks!' After these words, Zhang Cheng knew that a terrible day was coming. As a vested interest that has gone ashore smoothly with a harvest. The beneficiary. Zhang Cheng didn't have the idea of being light and smiling at the common people. There was only endless sadness left in his heart at the moment. Countless families are on the verge of collapse, and he can only watch from the sidelines and do nothing about it.

Countless people who dream of becoming millionaires overnight and watch the lucky ones who are miraculous in the stock market on Huangpu Beach. Feeling. Sound and lust, spend all day and enjoy life wantonly. The red-eyed man plunged headlong into the bottomless abyss. Until that day comes.

May 26, 1932, a Thursday. When the morning opened on the stock market, the stock market, which had been rising wildly, suddenly came to a halt and fell for the first time in two years. The stock market of Songjiang Prefecture, which has concentrated most of the wealth of the Ming Dynasty, has caught a cold.

Although it was only a short period of decline, it had already been topped up again by the afternoon. Experts from all walks of life have also come forward to comment, saying that Daming's economy is healthy. Many business elites also say that the stock market will continue to rise until the fantastical trillion market capitalization. But in reality, for people who can still maintain a trace of sobriety, this is enough to sober them up.

Although the next day, the stock market still climbed massively on Friday. But the actual volume has begun to decrease rapidly. Moreover, sensitive people discovered that Lord Shousuke, who was at the helm of the Ming Dynasty, did not make a routine radio speech about the economy. A little attention will make people panic to realize that Shousuke-sama has not made any comments on the stock market in the past six months!

An unsettling weekend has passed. It's Monday, May 30th. The stock market had just opened with an unprecedented wave of selling. More than 30 million shares changed hands in a single day. The stock index plummeted by a fifth on the same day!

The vast halls of the Songjiang Stock Exchange Market are crowded with stockholders waving their stocks and stock traders holding phones in their hands. Everyone was howling like crazy, but they didn't even know what they were shouting. Looking at the constantly updated prices, countless people's hearts were shattered at this moment. Their wealth, their life savings, and their family life have all been reduced to worthless waste paper with plummeting prices!

Once something starts, you can't stop it. The scale of this stock market crash is too large, and the momentum is too large. Even the real economy has been affected more than ever before. The bubble, which had been inflated, burst all at once. Stock prices plummeted, and in just a few days, high-priced stocks became waste paper, and companies and individuals who rushed to buy securities were soon destitute.

The people who originally wanted to profit from it didn't expect that things would be so big. In just a few days, the stock market has evaporated more than half of its wealth, and it is still devouring wealth at an alarming rate.

There are many companies in the Songjiang stock market that belong to major consortia. The collapse in stock prices has also had a significant impact on their companies. I didn't expect that it would be such a large scale of major consortia to start preparing to save the stock market. Major consortia have raised funds to buy various stocks on a large scale in an attempt to stop the stock market from plummeting. But to no avail, the stock market only paused slightly, and then plummeted.

A month later, when Zhang Cheng passed his final thesis, the stock market in Songjiang Prefecture had evaporated more than seventy percent of its wealth! And it's still going on! Just like the shares of Dabu Rubber Company that Zhang Cheng once bought, at its peak, it even exceeded 150 silver dollars per share, but at the moment no one bought 25 silver dollars!

The biggest declines in the stock market were stocks in metallurgy, machinery, automobiles, electric power, chemicals, shipbuilding and other industries. Most of these industries are the core projects of major consortia. Many of the Maison consortiums suffered heavy losses in this stock market crash.

In order to recover the loss, the major families jointly found Lord Shousuke, hoping that Lord Shoufu could come forward to stabilize the situation. But Shousuke-sama chose to ignore it. Shousuke-sama will never endorse the Saga Foundation.

At the same time, as the leader of the world economy, Daming has experienced a stock market crash of this scale, which inevitably affects other capital. country. And it has triggered a large-scale, long-lasting stock market decline in these countries.

During this time, thousands of people went bankrupt, and countless people chose to end their lives on the rooftops of high-rise buildings on Huangpu Beach. There was a bleak scene outside the gate of the Songjiang Stock Exchange.

The loss of a large amount of wealth has a direct impact on the real economy. A large number of banks were forced to fail, and enterprises that had lost their capital chains went bankrupt and closed their doors. The market is unusually sluggish, and the scale of production has plummeted. Everywhere the number of unemployed people has skyrocketed, and the standard of living of people who have lost their wealth has plummeted. The prices of agricultural products have fallen sharply, and many people have gone bankrupt. An economic crisis of unprecedented scale has finally begun to erupt, and the era of the Great Depression, which has profoundly affected the future pattern of the world, has arrived.

Zhang Cheng has been out recently, and he can clearly feel the depression in the market. The streets are sunny, but almost all of them are gloomy and walk with their heads down. There are many restaurants and leisure places, and even the cars on the street are noticeably less. You must know that this is the imperial capital, and even the imperial capital is like this, so what kind of scene will other places be?

Zhang Cheng, who was in a heavy mood, tightened the summer military uniform he had just changed. After graduating from the advanced training course for senior officers of the Army University, he has already changed into the epaulette of a colonel!

If you don't count the royal family, Zhang Cheng is the fastest promoted officer in the Ming Army for hundreds of years. In a short period of time, he went from penniless to a colonel who was about to step into the threshold of generals, and Zhang Cheng was already a legend in the Ming Army.

This promotion is, of course, part of the Army's return to him. After all, he helped the army earn such a huge fortune, coupled with his own wealth, status and talent. Marshal Yang Zhuo gave Zhang Cheng a special promotion in recognition of his outstanding contributions to the army in terms of new weapons and armored tactics.

Zhang Cheng is now busy preparing for the first tank division of the Ming Army with Lieutenant General Shi Qin. However, after receiving the invitation from Lord Shoufu, Zhang Cheng chose to go to the banquet.

This invitation is an invitation to a group of well-known and wealthy people in his own name to participate in a charity dinner, which will raise funds to provide living relief for a large number of unemployed workers.

Although many consortium families have suffered heavy losses, they have a deep background after all, and most of them have no problem surviving this cold winter. Now the most miserable thing in the whole Ming Dynasty is the workers who have lost their jobs because of the closure of the factory.

The rich still have some savings, and it is still no problem to get by. The peasants still have their own land no matter what, and their hard work is at least starving to death. But the unemployed workers have no choice, they have no job and no money to support their families, they are the most miserable people.

In order to avoid the troubles of these unemployed workers who have no food and clothing. Things bring about a large-scale society. Will move. Shousuke-sama is ready to provide relief money to unemployed workers. Of course, it is impossible for all this money to come from the imperial court, and it should be time for a rich man like Zhang Cheng to bleed.