Chapter 663: A Sudden Economic Crisis

Since ancient times, there have been many hardships and hardships, and he has never been a great man! Liu Xian looked at the princes in the palace very well, but no matter how magical the emperor was, it was impossible for him to reach into the back house of his relatives. Looking at the bad things that Huo Chunyang did with this kid, I don't know how much dislike he will suffer in secret when he marries in the future. No wonder people say that three generations have produced a nobleman!

Looking at the leopard in the tube, the second and third generations of the family of the national nobles and nobles such as Huo Chunyang are definitely not one or two cases, all of them are 'more expensive and not more angry'. At least this kind of master is different from the children of the family that Liu Xian expected.

Because the temptation of 'women' in Liu Xian's eyes is inferior to money and power. With a beautiful woman, you don't necessarily have money and power, but with power and money, what kind of beauty do you want? Especially a noble son from a rich and glorious background, a person with a golden key on the ground, it is estimated that even a rough mother-in-law is upright, and the people born and raised in this environment can't even pass this level, which is by no means a 'national talent'.

And with the competition for the children of many noble ministers, Liu Xian considered how many aristocratic schools should be in Beijing, not necessarily from elementary school to high school like Chengjun Public School. However, the management of these schools, whether primary or secondary, must be absolutely strict......

After entering the new year, China has also ushered in a new wave of development. The war has cost China a lot, and the war has also benefited China tremendously. The vastness of Siberia may not be able to be quickly converted into economic efficiency, but the southern part of Siberia, whether it is the southeastern part of the Western Siberian Plain. Or the Baikal region, which is rich in water and grass, these are real riches. Gain immediate benefits in the market that can be greatly profitable.

And that Central Asia. Whether it is the Balkhash Lake region, or the inevitable Turkmenistan, Tajikistan, Kyrgyz regions. All of them have become a place for domestic consortia to follow up and peep. In the newly born land of these dynasties, all forces are blank, and whoever takes the lead first will be able to get a piece of the pie there. As long as they don't confront the government and collude with the old local forces that are still alive, then the profit is 100 percent.

Therefore, the 14th economic crisis in modern history, which accompanied the 1890 year of the Western calendar, did not affect the pace of China's progress in the slightest.

After 1886, the construction of railways in various countries around the world once again set off a surge. From 1885 to 1890. 190,000 kilometres of railway lines have been built around the world, nearly twice as long as the last highlight. The United States alone has built 70,000 kilometers of railroads, half as much as the last upsurge. This period also saw the beginning of the electrical revolution, with the invention of electric lights, telephones, trams, electric motors, etc., forming one new industry after another. But the leaders of this round of industrial revolution are no longer the United Kingdom, but the United States, Germany, and China.

Driven by the construction of railroads and the electrical revolution, a large number of coal shafts, steel foundries, and iron-making furnaces have been built all over the world, and the production capacity of newly built coal mines in the United States alone has reached 60 million to 70 million tons per year. And the rapid development of industry, a large number of immigrants and the development of new land. As a result, the domestic market of the United States has once again expanded violently. As in China after the end of the Russo-Chinese War, the construction of large amounts of empty land allowed the United States to demand domestic land far beyond Britain and France. At the same time in Europe, when the eyes of Britain and France were watching the colonies while keeping an eye on China. Germany's industrial construction has jumped to the first place, steel production capacity has doubled, and new coal mining capacity has increased by 18 million to 20 million tons. Of course, Britain is also developing. The production capacity of the steel casting industry has expanded by half a fold, and the coal mining capacity continues to grow. However, France is still dominated by the development of light textile industry. Since 1882, the growth rate of equipment in the textile industry has been much faster than that in the mining and metallurgical industries. Its development lagged far behind Germany.

But Germany is too small. The German production industry was in full swing and soon burst the German market. Just before the first month of the 14th year of China's new Qin, the European Office reported that the German stock market had plummeted across the board, and a new economic crisis had begun.

This is another time that God has helped China. At the same time, China's domestic industrial development due to the large-scale development of the new territory, the domestic market has expanded again, and the products, equipment, and machinery produced by factories and enterprises have nowhere to sell at all.

This is tantamount to bringing the industrial development of the Western world to a standstill, and God has once again given China a golden opportunity to narrow the gap with the West.

However, Liu Xian has no impression of this economic crisis. He was able to predict the last world economic crisis because he had written about it in a novel he had read. And the fourteenth economic crisis was not written in the novel at all, and he naturally had no impression at all.

So Liu Xian had no idea that the economic crisis would last for two or three years, and that German stock prices would fall for more than two years in a row. In Germany alone, from 1890 to 1891, there were about 15,000 bankruptcies, and the size of railway construction was reduced by 60 percent. It also coincided with a poor agricultural harvest, which exacerbated Germany's economic crisis.

The crisis in the United States is more tortuous, but it is more serious and protracted. In 1890, the United States experienced a financial crisis, just like Germany. In the first half of 1891, the production of pig iron, steel, rails and locomotives, as well as light industry, declined, but in the second half of the year it quickly improved. Then came the crisis again in 1892. And from January to August 1893, the average market price of industrial stocks fell by nearly half. More than 600 banks and credit institutions went bankrupt in a year, and more than 15,000 bankruptcies of all kinds. In 1894, 94 railroads were auctioned with a total capital of $1.1 billion. During the four-year economic crisis that affected the United States, domestic steel production fell by 18 percent, pig iron production by 30 percent, and rail and locomotive production by 47 percent and 70 percent, respectively. The price index for metals and metal products fell by 44 per cent and the price index for textiles by 26 per cent. The depression lasted until 1895, when the U.S. economy entered a recovery phase.

The crisis in Britain also began quickly with the outbreak of the German economic crisis, according to the European Office in the first two months, in just two months in the first half of the year, Britain's coal mining fell by 11%, pig iron and steel production fell by 9% and 8% respectively, ship tonnage decreased by 12%, exports fell by 8%, and imports decreased by 8%.

France's textile production in the first half of the year was severely affected, with the growth rate of spindles falling by 70% and exports falling by 13% over the same period. However, since the various industrial sectors in France have not yet been involved, the overall impact on the economy is not significant. It's just that some people in France have begun to clamore for abandoning free trade, raising import tariffs, and implementing trade protection policies.

What about China? China is absorbing a large number of engineers, technicians, and scientists from Europe and the United States. Anyway, in such a year, there are always a large number of high-tech personnel who are unemployed and in difficulty, although compared with China, the United States is the first choice of these people, but if you cast a wide net, you can always get satisfactory results. Because there are too many unemployed people, and the situation of Lao Mei is not good now!

However, China's total imports have not grown much, because the economic crisis will not dissipate in just half a year. Even if Liu Xian does not know anything about this economic crisis, he also knows that the longer it drags on, the greater the price drop of various machinery and equipment in the European and American markets.

Liu Xian plans to build a steel plant in the north and south of Xinjiang to expand Xinjiang's arms production capacity, and of course, together with the three railway lines in Xinjiang and Central Asia, has already been approved by the Railway Division, and construction will be carried out in the second half of the year.

At the same time, the mineral development and metallurgical industry in Xinjiang and Central Asia, as well as the cotton planting industry in Xinjiang and Central Asia, are also being planned and developed step by step. In the years to come, this is another important place for China's development. As long as the development here is good, Beijing can withdraw and annex the northeast, the Trans-Khingan Mountains and the Baikal region on a large scale. This will play an inestimable role in the stability of national defense and in the deployment of national defense forces.

The large tracts of land seized from the Russians during the war had been divided into two provinces by order of Liu Xian, and they were named after the two imperial protectorates of the Tang Dynasty, Anxi and Beiting, which also represented Liu Xianam's firm will to set foot in Central Asia.

At the same time, China's vassal states also made great progress, with large numbers of Koreans pouring into the Trans-Khing'an Mountains, or being introduced to the west farther west than the Trans-Khingan Mountains with the participation of the Chinese government. After living in China for a few years, these people may not be called North Koreans. If China had not been able to annex Korea peacefully by that time, they would have become ethnic Koreans in China. Then, in the passage of time, it becomes a complete Chinese of speaking Chinese, writing Chinese characters, wearing Chinese clothes, and practicing Chinese etiquette, except for one nation.

The reason why hundreds of thousands of North Koreans have been running out of North Korea one after another is not because of how attractive the name of the Celestial Empire is to these North Korean civilians, but because the situation in North Korea has been really painful in recent years. made Liu Xian shake his head. It may be the same as the gaze of some people with lofty ideals in the late Qing Dynasty in the original time and space towards the Manchu Qing Dynasty.

Without external pressure, Lee's North Korea is really abrasive and conservative. Those high-spirited civilizers ten years ago have fallen one after another over the years. Even if there are concubine Min's nephews among them, and there are the backbone of Concubine Min's power, Concubine Min's 'enlightenment' is only for the sake of power and profit, and it is by no means for the sake of strengthening North Korea. If the result of this 'enlightenment' is to make Concubine Min lose power, it is natural that Concubine Min will resolutely abandon 'enlightenment'.

The founding of the DPRK, political reform, and the struggle for power came and went, but all fell into the hands of the old faction. It's really the same as the events of the original plane. The Lee family has lost the hearts and minds of the people in North Korea little by little, political corruption, corruption of the elite, and boiling public resentment!

And in the middle of this, there are flashes of Chinese consortia and businessmen. (To be continued......)