Chapter 648: Madness Before the Collapse
Although it is impossible to avoid the stain of London's smog, from the perspective of absolute fairness and justice, the current British Empire is still the most powerful country in the world, and it is also the most advanced, the most developed and the most prosperous country.
Many cities in later generations did not have a universal subway, as early as more than 100 years ago in London has been built, and even now many London citizens have enjoyed the subway such a convenient mode of transportation.
Because Australasia also has plans to build a subway, William also rushed to the London subway station to experience the earliest subway construction in human history, the metropolitan subway line.
The development of human science and technology is accompanied by various accidents, and only when these problems are solved will it evolve into a technology that seems to be very safe and advanced in later generations.
The subway wasn't that safe at first. Because of the use of steam power, the subway line is filled with a lot of dust and steam, and the air quality is not too good, which is easy to breed bacteria.
It was not until the popularization of electrification that electric braking was more than steam braking, which improved the environment of the subway line and made the subway more civilized and safe.
It's said to be a subway, but most of the Metropolitan Railroad is still on land. Only some areas of central London are underground, after all, there is not much space for the construction of Underground roads and underground stations.
To put it all in the balance, the British have decades of experience in the subway, and that's exactly what Australasia needs to learn.
With populations of Sydney and Melbourne exceeding 3 million and 2 million respectively, it is necessary to build a metro in order to improve transport in both cities.
Of course, there will also be the capital city of Fort St. Arthur, and there will also be plans for the construction of a subway to enhance the flow of people and economic mobility within the city.
The underground subway station was also used as a bomb shelter during the war, so that more citizens could avoid being bombed by the enemy's air force.
However, in Australasia, such a situation should not be encountered. The closest power to Australasia should be an island country, and the closest distance between the two countries is almost 3,000 kilometers, and the range of current aircraft cannot be so far.
Aircraft carriers are even less to consider, under the protection of the Philippines, Kalimantan and the entire defense chain, it is impossible for the warships of hostile forces to approach the mainland of Australasia.
By the time the improved radar is deployed on all coastlines, it will be even more impossible for enemy warships to get close to the coast.
This is the confidence that technology leadership brings to Arthur, and it is also the security that Australasia's geographical environment brings to Australasia.
In addition to the subway, the British Empire had a lot of technology that was a long way ahead of the world.
I have to admit that although all countries are accusing Britain of colonial invasion of other countries, the advanced technology of the British Empire is indeed the most powerful in the world.
Although there were a large number of latecomers who competed with Britain, Britain, which had not experienced the weakening of the war, was definitely able to stand at the top of science and technology.
It is precisely because of the great progress of industry and technology brought about by the Industrial Revolution that the British Empire invaded almost 90% of the countries in the world and established colonies in these countries.
The number of countries in the Commonwealth is still very large, which also tells the glory of the colonial era of the British Empire hundreds of years ago.
Many people hate the British Empire, which is crazy about foreign colonization, but there are countless countries that envy the British Empire and want to be able to replace it and become the top of that colonial system.
Because of the strength of the British Empire, the Saxony Coburg Gotha family also successfully took over the title of the world's first family from the Habsburgs.
The glorious history of the Habsburgs is only history, and the glory of the Gotha is the present.
Including the British royal family, which has been renamed Windsor, the House of Saxony Coburg Gotha ruled over four kingdoms, including two great powers and two second-rate European states. (UK-Australia, Bibao)
Coupled with many duke titles, as well as marriages with other families, etc., the Saxony Coburg Gotha family has become the first family in Europe, and has considerable prestige among many European royal families.
It is precisely because of the blessing of such titles that the economy of the British Empire is becoming more and more prosperous day by day, and the data is becoming more and more exaggerated day by day.
What William didn't expect was that his marketing strategy was quickly picked up by other real estate companies, and a new round of real estate boom was easily started in London.
The biggest result of this housing boom is that the market value of all real estate companies has increased several times.
Even William, who wanted to exit early, had to accept with a smile the fact that his company's market value had exceeded 5 million pounds.
However, this did not discourage William's plan to sell the real estate company, and even made William speed up the sale.
Although the crazy rise in the value of stocks is a good thing, the proportion of this increase is so abnormal that it can only be described as crazy.
Somewhat similar to this situation is the previous rubber crisis. Before the outbreak of the rubber crisis, as long as it was a rubber company, once listed, the stock price would increase several times or even dozens of times, and it was basically an empty glove white wolf.
Although the current real estate industry is not so exaggerated, it is definitely not good news that the market value can increase several times in a day.
The news of the sale of assets by the Australasian royal consortium is unlikely to be hidden from everyone, and this has also affected some foreign consortiums, allowing them to join the ranks of selling assets.
However, a considerable number of people are still waiting, after all, the strength of the British Empire is now visible to the naked eye, and the prosperity of London cannot be affected by other things.
The common people, in particular, have not received any news, and naturally they will not reduce their enthusiasm for entering the stock market.
Under the influence of various forces, the economic news of London and even the entire British Empire are reporting good news, and the financial statements of major enterprises are also making a lot of money, how many times the stock price has increased, and how many tens of thousands of pounds have risen in market value.
In equity parlance, this was a long-lasting bull market that quickly drove the economy of London and the UK as a whole.
On 9 April 1926, the amount of money entering the London stock market broke a new record, reaching a terrifying £19.24 million.
What is this concept? £19.24 million is equivalent to 141 tonnes of gold, which is just the amount of money coming in in the London stock market in one day.
It was also the large amount of money that continued to enter the London stock market that made William easily sell his real estate company and sold it for a high price of 4.82 million pounds.
Coupled with the more than 500,000 Australian dollars he has accumulated, William's worth has officially exceeded 10 million Australian dollars, and he is definitely ranked in the world.
Even more exaggerated is the sale of assets by the royal consortium. Although the combined assets invested by the royal consortium in London (not counting the Benz car plant) are only about £15 million, they have not been able to withstand the heat of the stock market in recent days, and the value of these assets has generally doubled or tripled.
Although it has not yet been sold, it has already earned more than £20 million and is expected to earn at least £10 million to £15 million, which is definitely a big profit.
This is far from the end. In the aftermath of the Great Depression, most of the great powers experienced an economic downturn.
Most companies in these countries are at their lowest stock prices. A company with a market capitalization of millions of pounds may spend less than 100,000 pounds on the bottom after the Great Depression.
The tens of millions of pounds sold in the industry, when they return to the British stock market in the future, will at least be able to buy companies equivalent to the current market value of hundreds of millions of pounds, which is also another good opportunity to make a lot of money.
William naturally understands this reason, he will not invest in any companies in the British stock market for the time being, everything will have to wait until the crisis that Arthur said breaks out.
Of course, even if the crisis does not break out, William will not be impatient. Tens of millions of Australian dollars are enough for him to invest in many industries in Australasia, and as long as this money is used safely, it will only be money to make money, and the probability of problems is not large.
After all, William wants a background and a capital to have funds, which is one of the largest capitals in Australasia.
With the blessing of Arthur's huge prestige, the company invested by William is destined to receive a lot of support from the government, and it is even more difficult to lose money than to make a profit.
In order not to make the British suspicious, and at the same time to minimize Britain's losses in the Great Depression, William also explained to the British royal family when he made the withdrawal.
However, William was not convinced that the economic crisis was happening, and only used more ambiguous words to express doubts about the crazy rise of the British stock market, and explained that Australasia's behavior was only a conservative risk aversion.
The British royal family is not without smart people, and it is impossible for them to slam the London stock market because they are the British royal family, and they don't care about their own interests.
In fact, a significant part of the British royal family's industries are also exiting the London stock market, albeit more slowly and as low-key as possible.
This is actually normal, the data of the British stock market is problematic at first glance, but those civilians do not have the means to obtain the real data.
For the British royal family, they still know whether there is a problem with the stock market, but they don't know the size of the problem and the seriousness of the harm that the problem brings to the UK.
While the amount of money coming into the London stock market is increasing, so is the amount of money flowing out of the London stock market.
After the real estate boom, it is questionable whether the amount of money coming into the stock market will outweigh the outflow of money from the stock market, and the time when the two are close to crossing and eventually reversing is the time when Australasia expects the London stock market to crash.
But in theory, the British royal family and government will definitely have some relief measures for the stock market, and will not let the stock market crash or not let the stock market crash too severely.
No one could have predicted how things would develop, and it was possible that the economic crisis would happen immediately, or it might not happen.
But in any case, there are real problems with the UK stock market at the moment, and the withdrawal of Australasia can also be explained.
Arthur is even already looking forward to the global bottom plan after the outbreak of the economic crisis, and now there are many companies in the United Kingdom and the United States, these companies are undoubtedly the world's top 500 companies in the future, and they only need to pay a small price during the Great Depression, so Arthur will not miss the opportunity to make a lot of money.
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(End of chapter)