As the fortunes of the U.S. stock market swelled, an unprecedented economic catastrophe befell almost the entire world, with a large number of businesses closing, social unemployment soaring, and agricultural prices plummeting...... A series of chain reactions caught the people of the capitalist countries off guard. When the cold winter wind of early winter in November blew across the northern hemisphere, hundreds of millions of people felt the unprecedented chill; Although the economic crisis of various countries has not been interrupted since the beginning of the 19th century, none have been as violent as it is today!

In Germany, the Imperial Government under the leadership of Qing Ying was intensively researching and formulating various countermeasures. Although he and Schacht had already mapped out a rough route to resolve the crisis, it was still an extremely complicated and difficult task to put it into practice. The percentage increase in tariffs, the total amount of government investment, and the proportional distribution of various sectors are all problematic. In this field, Qingying could not implement the assembly of every piece of steel like shipbuilding design, and had to be handed over to government officials affiliated with Berman to deal with. However, because of Schacht's existence, Qingying is still quite confident in overcoming this economic crisis: the reason why Germany was able to achieve earth-shaking development after 1933 in history was that Schacht undoubtedly played a decisive role in the Yuan cabinet!

On November 17, 1927, the German government officially issued the Decree of the Imperial Customs Union, which violently raised the tariffs on foreign goods entering Germany to an unprecedented level. In order to maintain relations with Austria-Hungary and the Ottoman Empire, the German government invited the two countries to join the customs union to jointly defend against the entry of foreign goods. The threshold for trade between them has only been raised by a relatively small level. Austria-Hungary, which was also shocked, readily agreed. The Ottomans, whose lifeblood of the national economy was already under the complete control of Germany, did not refuse.

For this move by Germany. Britain, across the sea, expressed strong dissatisfaction, and the House of Commons violently accused Germany of undermining the free economy and of typical narrow egoism that satisfies its own needs at the expense of others. The UK, which was hit by the financial crisis, urgently needed the external market to stimulate production in order to ensure the maintenance of its own domestic economy, and Germany undoubtedly made this luxury come to naught! And the United States, the source of the crisis, is even more condemned, as if Germany has become the culprit for stealing the cheese from their plates. Qingying chose to ignore these voices: it is impossible for the ancient way between countries to exist, and in any case, their own interests are higher than a qiē. What's more, there is a potential estrangement between Britain and the United States and Germany, so where will I care about their life or death?

A few days later, the German government introduced a large budget for inward investment. Similar to the historical National Socialist Party's solution to the economic crisis, a large number of high-speed highway projects were planned in Germany itself, while in the occupied areas of Eastern Europe, the main project was also to improve the general road and rail network. Germans who have lost their jobs due to the North American economic crisis have emerged, and large-scale government investment has provided a wide range of jobs. According to the German government's estimates, when these basic projects are put into operation, the German economy will once again be put on the same high track as before; After all, the improvement of roads has greatly shortened the distance between the two places, and the exchange of business and trade will become more convenient than ever.

In addition, a considerable part of German capital began to invest in the southern regions of Russia under the control of Denikin. Arsenals, power stations, mines and other enterprises broke ground in the roar of explosives, and the wilderness was full of German workers sweating like rain. With the coronation of Alexei at the Imperial Pole on the Don. Germany's ties with this side of the forces have increased exponentially, and the two sides get along very well, and it is likely that they have become a family. Looking at the government work report sent by Berman, Qingying was not only happy, but also had an indescribable melancholy and helplessness in her heart: although Germany had succeeded in its Eastern strategy, her family had suffered the most painful defeat. Alexei had been in the North Caucasus for three years, but his daughter Elena had been in constant correspondence with him, and even went to Novocherkassk to meet him privately several times in the name of tourism. As Elena grows up and becomes an adult, it is almost a sure thing to lose her by himself. Qingying couldn't help but wonder for a while, could this really be the retribution that he spared no effort to pit the Romanov Empire back then?

The only thing that comforts Qingying is that she also has a young son Sprint who is a teenager by her side all the time. Since he and Sonia only had two children, Sprint automatically became the crown prince after he ascended the throne, and he has been by his side for several years. As he grew older, Sprint no longer had the restlessness and vigor of his childhood, but inherited the silence and contemplation that had been passed down for centuries in the Hohenzollern lineage. After abdication, William, who concentrated on taking care of the family affairs, greatly appreciated his grandson, and expressed his praise for him at the family banquet more than once. After letting Sprint stay in the army for another year, Qingying is also ready to let him appear in the public eye moderately.

In the blink of an eye, the first winter after the economic crisis was over. Verdant shoots are emerging from the soil branches again, and some of the hard-working people have begun to prepare for spring ploughing. With the establishment of tariff barriers and large-scale investment in infrastructure, the sound German economy, which was originally dominated by industry, has gradually recovered from the cold winter invasion from the outside world. Although the surface is still covered with a solid layer of ice, there is already a rush of warm currents underneath it. In 1927, Germany's national income still maintained an 8% growth rate, and the total amount exceeded the mark of 1.8 billion marks, which continued to lead any other European country with a equivalent of 43.9 billion US dollars, second only to the United States with a total of 740000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 In 1928, the German economy was still expected to maintain positive growth after a series of countermeasures; According to Schacht's estimates, there is a 60% chance that Germany will achieve a national income of 18.3 billion marks this year.

The spring breeze is green, the grass grows and the warbler flies; The flowers are gorgeous, and the red sun is warm. In the summer of 1928, the ice that had hung over the German economy was finally being broken by the warm currents below: the number of unemployed people in the country began to fall, and the German government's response was beginning to bear fruit. Seeing that the situation had eased, Qingying immediately stretched out a wooden stick to Italy, which was still mired in the quagmire, and invited it to join Germany's customs union. Although the Germans did not offer a good offer, it was already a surprise to the Italians; After some bargaining, Italy finally reached an agreement with Germany in some areas, and began to remove the bricks from Berlin to raise the tariff wall on the other side. When Bermann flew back to Berlin from Rome with the treaty in hand, Qingying's heart was filled with joy, and as time went on, Italy, which had opened its doors to Germany, would gradually be tied to its chariot, and the rudiments of the European Commonwealth had begun to take shape.

However, compared with Germany's steady position, the West, led by the United States, is in an unprecedented crisis.

After more than half a year of fermentation, the knock-on effect of the New York stock market crash has already spread across the United States, with millions of unemployed workers roaming the streets, and every day there are dead people who can't bear the pressure and commit suicide. As the price of agricultural products plummeted, farmers began to destroy surplus produce in large quantities: they used wheat and corn instead of coal for fuel, poured milk into rivers, and killed and buried countless poultry. At the same time, the American people are starving, because they are so destitute that they cannot even afford agricultural products whose prices have plummeted. There was a long line in front of the government's almshouse, and the benches in street parks were filled with homeless people; Rudimentary shelters made of wood, tin sheets, and even kraft paper can be found in every corner of the city, and even cars that have switched to animal power because they can't afford fuel can be found on the streets. The middle-aged fruit vendors with fine skin and white flesh are the most well-known representatives of this economic crisis: they were all successful businessmen and bankers with deep pockets, but now they have to make ends meet in this way of circulating stalls!

Hundreds of unemployed people lined up overnight in front of the Detroit Employment Agency; At a newspaper in Manhattan, a typist job drew fierce competition from nearly fifty applicants. An Arkansas man walked 4oo kilometers to find a job, and someone in Washington State even set a fire in the woods so that someone could hire him as a firefighter. And in everyday life, the situation of the American people is also at a freezing point: the docks are full of housewives waiting for rotting fruits and vegetables to be thrown from the boat, the trucks carrying vegetables are always followed by homeless people picking up fallen objects, and millions of people in the Midwest have begun to eat plants and grass roots like livestock.

Due to the close economic and trade exchanges between Britain and France and the United States, these two countries were also affected by the US stock market crash in the first place. A similar situation appeared on them, but there was a slight difference. Britain is faring slightly better than the United States, thanks to a large overseas colony, and the London government is considering following Germany's example in establishing Imperial Tariff Preferences throughout the Commonwealth to ease the pressure. The situation in France, on the other hand, is far from optimistic. Not only did they lose most of their overseas colonial interests in the war, but they also brought in a large amount of American capital in the process of post-war reconstruction. When the US stock market collapsed, the French economy could be imagined! (To be continued!)

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