By the end of June 1926, stocks had become a buzz of conversation throughout the United States.

From the capitalists and dignitaries, to the street vendors and workers, and even the homeless people who can be seen everywhere in the streets, there are many talking about the soaring stock prices.

As long as you invest $100, you can earn more than $10 a day, what an exaggerated net profit!

Moreover, the value of stocks has always been profitable, and when the value of the shares held reaches an exaggerated number, the gains from the rise of stocks have become a unimaginable number.

In fact, at this time, the stock has shown an obvious problem, since they are all making money, then who is losing money?

Even stocks have to pay attention to a balance, everyone who enters the market is making money, so where does the money come from?

But it is obvious that except for some capitalists with background and strength, everyone else is blinded by such gains, and they can't think about whether there is a problem behind it.

Because everyone is afraid of being left behind, they are afraid that if they give up this part of the income, other people will take away their opportunities and take away their opportunities to become rich.

Since the end of June, stocks in all sectors have been rising, not just in real estate.

Stocks are rising in almost all sectors, and anyone who enters the stock market can make a lot of money without even seeing any news of a stock loss.

In such an environment, all companies are constantly reporting earnings news, adding a boost to the rise of their stocks.

On the rooftop of the New York Mobile Building, two middle-aged men each held a glass of red wine, clinked glasses lightly and took a sip, one of them said with a smile: "What a good plan, Mark, the stock market in the United States is completely messed up now, and the collapse of the New York stock market should not be far away." ”

"It's just to complete the above task." The man named Mark took a sip of red wine and said lightly.

"It's crazy, there are millions of participants in the New York stock market every day, and if the New York stock market crashes, I'm afraid that these millions of people will jump off the building immediately!" The man next to Mark said with a chuckle as he looked at the crowd of people coming and going in the stock market at the bottom of the building.

"It's time to get ready to evacuate, Thomas. The stock market in New York will not last long, and such madness is destined to be just the self-amusement of ordinary people, and it will not be hidden from smart people for too long. Not caring about Thomas's exclamation beside him, Mark drank the red wine from his glass, placed the glass on the table beside him, and after leaving a command, he was already walking away.

"Oh, what a mysterious and scary fellow." Thomas shook his head slightly, smiled, and turned to keep up with Mark.

Beginning in July 1926, several companies with hot market capitalizations quietly withdrew from New York. Because the entire stock market is very hot, the news of the departure of the people behind these companies has not become news.

However, this has never been concealed from some big American capitalists, and it didn't take long for other big American conglomerates to withdraw from the New York stock market one after another, but the capitalists were very tacit and did not alarm the crazy people, which also led to the withdrawal of the capitalists did not affect the stock market too much, and the rise of the stock market was still stable for the time being.

It is precisely because the stock market has been stabilized that the withdrawal of some capital has become easier.

The stock market in New York is one of the largest in the world, home to most of the companies and factories in the United States, and is known as the financial capital of the world.

Under the deliberate control of the United Kingdom, the rise in the London stock market has become less crazy. This also allowed the New York stock market to surpass the London stock market in a short period of time, and with the Crazy May, it has become a mecca in the hearts of stock trading enthusiasts all over the world.

In fact, the public is not without panic about the madness of the stock market, but Andrew Mellon, then Secretary of the Treasury, boldly assured the public after the end of Crazy May, saying that there is no reason to worry about the stock market in New York, that all the boom will continue, and that any situation can be controlled by the US government.

It is precisely because of the government's statement that the American people choose to believe that the current rise in the stock market is normal.

But do U.S. government assurances really work? Not necessarily, I'm afraid

On July 14, 1926, after the 13th, which Westerners were more avoided, American investors expected a bumper harvest for the day.

But unexpectedly, the New York stock market fell by 3% as soon as it opened, and plummeted by 11% in one day, reducing the property income of shareholders by more than 10%.

What is even more unexpected for investors is that this day is just the beginning, the beginning of a complete collapse of the stock market.

Because it is a Thursday, this day is called Black Thursday by American investors, and it is also the best example of stock speculators avoiding it and admonishing stock speculators.

If the news before July 14 was a sharp rise in stock markets everywhere, then the news after July 14 has all become a situation in which the New York stock market plummeted.

For three consecutive days starting on July 14, the trading index of the U.S. stock market fell 37%, with a stock volume of 69 million.

In the past three days, less than $22 million has flowed into the stock market and $103 million has flowed out of the stock market, proving that those retail investors are panicking and ready to abandon their stocks.

But the question is, is the stock market so easy to exit now?

Everyone knows that the decline in the stock market will not end in a short period of time, and it is naturally impossible to be the wronged boss and take over other people's stocks.

Take Scott Real Estate, a well-known company in the New York stock market, as an example.

At its peak, Scott Real Estate issued more than 200,000 shares with a price of more than $77 per share, representing a market capitalization of $15.4 million for Scott Real Estate.

But as of July 17, the value of Scott Real Estate's stock had plummeted below $40, and the actual sale price was less than $30.

This means that the company, which has a market capitalization of $15 million, has lost more than half in three days, and its current market value is less than $8 million.

Such a frantic decline in the stock market naturally attracted the attention of the US government. Regardless of the actual reasons for the frenzied decline in the stock market, the most important thing is to stabilize the current New York stock market.

For this reason, US President Coolidge quickly stood up and publicly stated that the US economy is very good, and called on the people not to worry about the fluctuation of stocks, and that no situation can destroy the US economy and stock market.

But President Coolidge apparently forgot that his trust in the hearts of the people had been lost, and his speech did not work well, but instead made the people sell stocks more and more violently.

On July 18, 1926, the fourth day after Black Thursday, the New York stock market experienced another round of plunge, with the Wall Street stock market trading index falling by 50 points, already below the 300-point mark, and frantically heading towards 200.

The continuous plunge in the stock market has caused many investors to constantly wail, and their property losses are the greatest, and they have hardly withdrawn from the stock market.

Rare investors who are lucky enough to leave the stock market get even less than the original investment.

Because of the original wave of stock boom, a considerable part of the people in New York and even the United States invested all their wealth in the booming stock market.

Although this brought them an unexpectedly huge income in the early stage, when the stock crashed, it also quickly took away all their net worth.

Although their remaining stocks have a certain value, as long as they can't be sold, those stocks are like waste paper.

Many American stockholders who couldn't stand the blow chose to end their lives in various ways, which led to many crimes and chaos in New York.

Especially in some high-rise buildings, from time to time there will be shareholders who have lost their fighting spirit to jump down, and sometimes they will get lucky to change one for another, and lucky to take away passers-by.

This also caused the New York Police Department to issue a temporary notice prohibiting any pedestrians from walking under high-rise buildings, and blocked the rooftops of a considerable number of high-rise buildings to prevent people from jumping off the buildings wantonly.

Although the blockade of the rooftop has effectively prevented some shareholders from jumping off the building, the United States is a country that does not ban guns after all, and it is still easy for people to commit suicide or do something.

New York's famous Manhattan Bridge and Brooklyn Bridge have become suicide meccas, where hundreds of stockholders who have experienced the ups and downs of the stock market every day leap off and end their short lives.

There are also more people who choose to give up on themselves, burning, looting and doing all kinds of evil, setting off a new round of zero-dollar shopping activities in New York and even other cities in the United States.

It is worth mentioning that the white race in the United States is still relatively rich, and most of the shareholders are also Caucasian.

But the white race burns and loots after self-abandonment, and these whites, who have lost their minds, hate blacks even more.

The streets are full of blacks who have been emptied of their magazines, which also makes New York's law and order plummet in a short period of time, and the New York Police Department has become busy, but it still can't change the bad status quo in New York.

After the May Madness, the July of the stock market crash was also called the chaotic July by many media in the United States.

Europeans didn't gloat for long, and the impact of the New York stock market crash soon spread to Europe.

Since July 20, the stock markets of London, Paris, Vienna, Rome, Berlin and other cities have also been plummeting, but not as much as the New York stock market.

The Europeans, who were still eating melons in the last second, quickly experienced the pain of the Americans, and there were many shareholders who watched their property continue to lose but had nothing to do, and Europe was also in chaos.

Looking at the news of the constant volatility of the stock markets in Europe and the United States, Arthur understood that one of the most significant events of the 20th century, the Great Depression, had begun.

The impact of the Great Depression was no less than that of World War I or World War II, and its impact on the world economy was immeasurable.

Even if Arthur had made a lot of preparations before this, he could not guarantee that Australasia would survive the crisis unharmed.

The best way to do this is to keep an eye on the stock market and the private sector in Australasia, to rescue businesses on the verge of bankruptcy, and to comfort and provide relief to the unemployed.

In order to ensure the stability of Australasia, Arthur issued a proclamation in the name of the king, saying that Australasia's economy is very stable and will not be affected too much because of its distance from Europe and the United States, and requires the people of Australasia to live a stable life.

In contrast to President Coolidge's prestige in the United States, Arthur's prestige in Australasia is not in doubt.

Arthur's announcement and statement were published in all the national newspapers and quickly stabilized some restless Australasians.

On July 21, 1926, the stock market in Australasia remained relatively stable, falling by less than 0.1% overall, which is a reasonable figure.

On the second day of public opinion, the Australasian stock market rose by 0.3%, which is enough to see that the people have stabilized under Arthur's comfort, at least Australasian people absolutely trust the government and Arthur.

In this round of stock market crash, it is not only ordinary shareholders who have suffered heavy losses, but also those small and medium-sized enterprises and factories that have not had time to delist.

In the past, some small enterprises embezzled their funds into the stock market in order to make more profits, and the money was basically not returned.

There are also people who don't make much money in the stock market, but the market value of their company is constantly decreasing after the stock market crash.

The market value of the company has decreased, and the public's trust in the company has naturally decreased. After all, there is still a gap between a company with a market value of 10 million and a company with a market value of 1 million, even if these two companies are the same.

When a business is in crisis, the most common course of action is to lay off employees and be forced to go out of business. No one wants to voluntarily close down their company, unless the time comes when it is really compelled to do so.

This has also led to a large number of enterprises affected by the economic crisis, including those in the United States and many European countries, choosing to lay off employees, resulting in hundreds of thousands or even millions of unemployed people in European and American countries overnight.

The most serious is of course the United States. From July 14 to July 24, the U.S. stock market has fallen by more than 67.1 percent, and more than $24 billion in wealth has evaporated out of thin air, reaching 23 percent of the U.S. gross domestic product last year.

The U.S. government simply did not have time to investigate the reasons for this, because thousands of small and medium-sized enterprises have gone bankrupt in the past ten days, and the remaining remaining enterprises have also announced layoffs.

According to the government's rough estimates, at least 500,000 unemployed people were born in 10 days, and the number of unemployed people is still growing.

Although it seems that the number of unemployed is only 500,000, the rest of the people who have not been laid off will be able to guarantee their wages?

Moreover, the current layoffs are only the first wave, and the layoffs under the haste of the enterprise are also carried out. And then there's a second wave, a third wave.

In order to keep their enterprises, the capitalists will absolutely resolutely give up the interests of the people and employees.

4000 words for the third update, ask for a monthly pass, ask for support!

Today, Riwan has been successfully completed, and it has been changed to 10,000/10,000, asking for a monthly pass, asking for support!

(End of chapter)