As the clock ticked into December 1921, Arthur realized that the economic crisis was not far off.

Compared with external territorial expansion and power expansion, the most important thing at present is to stabilize the order of Australasia and ensure that Australasia can survive this economic crisis unharmed.

You must know that the serious consequences of this economic crisis are no less than a super-war, and the destruction of the economies of various countries is far greater than that of a world war.

If Arthur remembers correctly, the great crisis of the world economy, which went down in history, set the world's economies and industries back decades to the levels of the early 20th century.

At the time of the crisis, capitalist world industrial production fell by 37.2 per cent, of which 40.6 per cent in the United States, 28.4 per cent in France, 16 per cent in the United Kingdom and 8.4 per cent in Japan.

This is a huge crisis for the world's great powers, but it is also an opportunity for Australasia to overtake European countries economically.

The United States was the hardest hit by the economic crisis, with 140,000 businesses and 10,000 banks failing.

How exaggerated is this number? Australasia currently has fewer than 10,000 registered businesses and fewer than 100 banks, which is enough to see the serious gap between the United States and Australasia.

As long as Australasia can seize this opportunity, let alone surpass the United States, there is no problem in building a second economic power under the United States.

At that time, Australasia will become the third pole of the world that is not weaker than Britain and the United States, so that it can truly become a chess player who dominates the world, rather than a chess piece dominated by chess players.

How to survive the economic crisis?

First of all, the economic crisis is faced with a fairly high level of unemployment.

At this time, it is necessary to formulate relevant stimulus economic policies to ensure that these unemployed people have a certain economic income, so as to ensure the income sources and living materials of more families behind these unemployed people.

Second, it is necessary to ensure prevention as soon as possible and improve the protection of financial institutions and financial markets. Only the financial institutions and the market are not too badly damaged, and they can resume production and restore the economy more quickly when the economic crisis arrives and afterward.

In addition, we need to increase assistance to small and medium-sized enterprises (SMEs) to ensure that these weaker SMEs are able to survive the economic crisis, which is too harmful to the middle and lower class of businesses in Australasia.

These plans, which Arthur had conceived many times in his letter, also required the government to come up with a plan adequate to deal with the various economic crises that had occurred before.

As long as they are well prepared, even if the economic crisis does come and sweep through Australasia, Arthur and the government can face it calmly and without being scrambling.

After deciding to start farming in a down-to-earth manner and develop steadily for a period of time, he set his sights on education and medical care, which are the most fundamental aspects of national development.

The first is education, which Australasia is exploring for a higher level of compulsory education to ensure that more people can enjoy the status that higher education brings.

In previous Australasian policies, all citizens of school age were required to receive education from primary school to lower secondary school, which was also an important means of raising the per capita education to lower secondary school.

However, it is obvious that junior high school education cannot meet the needs of national development, and only by giving birth to more college students and high school students can the country have enough talent reserves.

However, the cost and time of achieving universal upper secondary education are immeasurable.

Therefore, the current compulsory high school education is still in the exploratory stage, and Arthur has chosen a more compromise plan, that is, to vigorously develop vocational education.

After nearly 22 years of development, Australasia still has certain achievements in education.

First of all, there are internationally renowned universities, with Australasia having a total of nine. In addition to the famous universities, there are a total of 17 general universities established by the state and municipal governments.

This also means that the total number of universities in Australasia has reached 26, which can train more than 13,000 students for the country every year.

According to the aggregate data of the fiscal sector in 1921, the government spent $31.93 million on education for the year, accounting for 16% of the total fiscal expenditure for the year.

Increasing the number of universities, as well as increasing the size of universities, remained important topics in Arthur's further plans.

At present, according to the situation of various industries, there is no doubt about the ability of college students produced in Australasia, and even many college students who have graduated for several years have become the mainstay of various industries after entering the senior management of various industries.

In particular, a small number of talented researchers have joined the laboratories of their respective universities and have even been given the opportunity to join the Royal Academy of Sciences.

You know, the Royal Australasian Academy of Sciences currently has less than 1,000 scientists, 772 to be exact.

These 772 people are all well-known and even world-renowned top experts in Australasia, and they are worthy of the government's vigorous co-optation in any country.

And a considerable number of the technical employees who have been educated in technical schools have entered the middle and senior levels of factories and enterprises.

In any era, it's still nice to have an ability. Especially in the context of Australasia, which is very suitable for the development of migrant workers, it is not a problem to have a skill to maintain food and clothing.

Compared to the 13,000 students who graduate each year, Australasia's technical schools are exaggerated, with more than 400,000 trainees each year.

Of course, there are also a large number of immigrants among these people. After all, if an immigrant wants to find a job in Australasia, it is impossible not to learn English and a skill.

For these technical schools, what should be supported still needs to be supported. Not only do they provide Australasia with a large number of skilled workers, but they also serve as institutions to train migrants in skills, which is a significant contribution to the development of Australasia.

However, Arthur also decided to make some changes to the current way of education.

The first thing that needs to be done is to strengthen the training of the younger generation.

What exactly is it to cultivate? The most important thing is to cultivate the recognition of the Australasian nation among these younger generations.

From the time the younger generation of Australasia was educated, they were taught that Australasians are a united people, and they are all glorious Australasian people.

When these people grow up, they will naturally see themselves as Australasians, and the original immigrant nation will no longer exist, and Australasia will become a mono-ethnic state.

Of course, such changes are a long one, and only a small part of them have been made.

However, under the influence of various sectors of Australasian society and education, more than half of Australasian citizens have recognized the national concept of Australasia, and it is still increasing.

Especially those born in Australasia, they have the strongest and most committed Australasian identity.

At this point, even if someone told them that their parents were not Australasian and were immigrants from abroad, they would never admit it.

Because Australasia is their home and the place they have lived since they were born.

In addition to strengthening the cultivation of national concepts, it is also necessary to deepen the impression of loyalty to the monarch and patriotism, and reduce the possibility of participating in the revolution in the future.

As the saying goes, when the forest is big, there are all kinds of birds, and no matter how pure and flawless a piece of white paper is, there is dust that cannot be seen by the naked eye covering it.

The same is true for the governance of the country, and while Arthur can ensure that most Australasian people love him, he cannot guarantee that all Australasian people will be the same.

There are always a few people whose brain circuits are not normal, and it is not impossible to rebel against Arthur's rule.

Just in case, it is enough to prepare in advance in terms of education and ensure that the vast majority of people are loyal and patriotic.

At any time, a revolution that did not gain popular support would have been basically suppressed, not to mention that Arthur had control of the military.

Of course, there is another important point in the reform of education, that is, to strengthen the coverage of education in small cities and villages.

There is no need to worry about education in big cities like Sydney and Melbourne, and even if the government is not focusing on these cities, the state and municipal governments in which they are located will focus on education.

Especially in Sydney, a city has three well-known universities, the Australasian National University, the Royal Military College of Sydney, and the Royal College, as well as the City University of Sydney, the Sydney College of Liberal Arts and other ordinary universities, and the educational resources should be the most abundant among all cities in Australasia.

This is also the reason why some Sydneysiders are reluctant to move the capital, if the capital is moved, will the National University and the Royal Military College also move the capital? This is the biggest concern for Sydneysiders.

If Arthur hadn't promised that even if the university moved the capital, he would keep the current school as a branch school, I'm afraid Sydneysiders would still be reluctant to move the capital.

After all, education represents the importance of a city, as well as the city's development potential, which is the main concern of Sydneysiders.

Of course, Sydney, Australasia's second-largest city, is not far behind.

The Royal Military College of Melbourne, the Melbourne Municipal University, the Melbourne Medical University, and the Melbourne University of Biology are also representative of Melbourne's educational resources.

Large cities are home to a large number of universities, which means that there are almost no universities in other small and medium-sized cities outside of the state capitals.

This is what Australasia is currently changing, making tertiary education, including high school, as accessible as possible to small and medium-sized cities, not only to facilitate the way Australasian people receive education, but also to reach more cities and populations.

However, it is not realistic to open a university in a small city. Because even if a small city aspires to college, there is a limit to the number of college students that can be offered each year.

Other populations that are more distant will not be given priority admission to these universities, and there is no benefit to doing so other than to face high financial losses.

A more compromise solution would be to make high schools as universal as possible in small and medium-sized cities, as well as technical schools that are less expensive.

Although it is not as good as a university degree, a high school degree is considered high in Australasia at present, and it is not a problem to find a job.

Now is not the era when college students are everywhere in later generations, and high school students can be regarded as qualified talents who have completed their education for a country.

The good news is that the church has also opened a number of large and small schools in various places, and it is also responsible for education.

Although the Australasian Church operates more language schools, there are other disciplines that are officially recognized.

After all, Australasian Protestantism was also Arthur's own man, under his own tight control.

In addition to the educational environment, there is also the medical environment that needs to be changed.

The change in the medical environment is not only the construction of universities and clinics, but also the strict control of the medical environment to avoid problems such as indiscriminate collection of money and difficulty in seeing a doctor.

This kind of problem exists in any era, especially in the era when capitalism is prevalent, and what is controlled by capital is easy to deceive people and civilians.

Fortunately, Arthur controls the largest pharmaceutical group in Australasia and controls most of the pharmaceutical production in Australasia.

Under Arthur's orders, the Ministry of Medicine instituted a policy of supervision of the major hospitals, strictly controlling the selling price of drugs, as well as the counterfeit drugs that were circulating in the market.

It is not surprising that counterfeit drugs appear, after all, the price of some drugs is indeed very expensive, and the cost of counterfeiting is not large, but they can be exchanged for huge income, which those capitalists simply cannot refuse.

At present, the Ministry of Medical Affairs has investigated and dealt with more than 100 cases of counterfeit drugs and seized more than 20 manufacturers, which has allowed the counterfeit drugs circulating in Australasia to be somewhat restricted.

This also means that the pharmaceutical industry must be supervised to ensure that the pharmaceutical companies produce truly effective drugs, not those that are qualified commercial drugs.

If Arthur remembers correctly, there is a famous saying about the pharmaceutical industry in later generations, that is, the so-called "medicine that can cure diseases is not a good commodity." ”

The impact of this sentence is huge, and it also represents a terrible fact, that is, the pharmaceutical industry, which is very important to the people, has been corrupted by capital.

Perhaps a disease is not untreated, or that there is no better one. But the problem is that these drugs may not be good commodities, so they are buried in safes by those capitalists, unwilling to take them out to cure diseases and save lives.

Although this will bring higher profits to the pharmaceutical industry, it is not good for the development of a country.

As the ruler of Australasia, Arthur was to avoid this as much as possible, ensuring that effective drugs circulated to the market, rather than good goods that made a profit.

When he established the pharmaceutical group, Arthur never thought about how much profit the pharmaceutical group would bring to him.

Rather than making a profit, which is something that only capitalists would do, Arthur hopes to develop more effective drugs and contribute to Australasia and all Australasian people.

Such an incident also made Arthur deeply reflect, in addition to the state and the government, any enterprise that creates a monopoly on a certain industry will definitely become a sickle to harvest the people.

In order to avoid this situation, in addition to stricter supervision of major enterprises, a sound and reasonable anti-monopoly law is also necessary.

The good news is that there are no private monopolies in Australasia in various industries, and more monopolies are caused by the royal family and government enterprises.

The government will not do anything stupid under Arthur's supervision, and Arthur will not harm his own country, which also ensures that the current business environment in Australasia is relatively good, and the people's life happiness index is also guaranteed.

4200 words for the third update, ask for a monthly pass, ask for support!

It's a little late for Carvin, sorry. Kneel and beg for support!

(End of chapter)