As time goes by, it doesn't matter if there are other forces behind the crash in the stock market.

For the current United States, how to stabilize the economic order after the stock crash and reduce the impact of the stock crash on the national economy is the most important.

With the collapse of the stock market, the economy of all industries in the United States has fallen into a devastating disaster, and the chain reaction is also happening.

Whenever there is such a disaster, the first thing people can think of is to withdraw their savings from the bank and buy food, medical supplies and other emergency supplies.

Just the day after the stock crash, on July 15, the money reserves of all New York banks fell by more than $70 million, the vast majority of which was withdrawn by private depositors.

There are a lot of banks in the United States, but most of them are small and medium-sized banks, and each branch has a limited amount of money to handle so many frequent withdrawals.

It is clear that the number of people who want to withdraw after the stock crash is far greater than the number of people who want to deposit. Coupled with the fact that a large number of small banks cannot come up with more money to return to these depositors, they will face the only way to go bankrupt.

Bankruptcies combined with a wave of runs brought the U.S. banking sector to collapse in a short period of time. Even the small banks, even the famous American families, Morgan, Rockefeller, etc., their banks are also being withdrawn in large quantities

Where does the money go in the bank? Banks are definitely going to make money, and it is impossible for all the money to stay in the bank's coffers.

In normal operation, most of the bank's funds will be distributed as loans to businesses and individuals who need loans.

But in the context of the stock market crash, will those companies still be able to come up with the funds to repay the banks? Apparently impossible.

Because of the evaporation of the market value of stocks, a large amount of property has disappeared in an instant. This also makes the capital chain between banks and enterprises directly broken, and banks and enterprises face only one outcome, that is, they cannot get the funds and are washed down by the anger of the people.

At this time, both large and small banks are panicking, and such a crisis is enough to bankrupt large banks.

In order to stabilize the situation, some powerful banks can only urgently demand money from companies to ensure that their banks are not in danger of bankruptcy.

Small and medium-sized enterprises (SMEs) are faced with emergency reminders from banks, so they have to lay off their employees to a greater extent and reduce their own expenses.

But it will also lead to round after round of unemployment, in which everyone has become victims, and only a small amount of capital that knows the news in advance will survive.

In August, with the US news report, the latest number of unemployed in the United States has reached 7 million, and more than 3 million families are already facing food shortages.

On the streets and in cities of the United States, you can see long queues of people leading relief food at any time and place.

These people may have been white-collar workers, corporate employees, and skilled workers, but now they are all unemployed people living on relief food.

Crime in American cities has risen by 44.1 percent since mid-July, and more than 2 million students have been forced to drop out of school because their families can no longer afford to spend in school.

According to US media estimates, in the six months from the end of July to the beginning of August, the number of suicides nationwide in the United States has exceeded 300,000, and the number of people who died of starvation is also about 200,000.

A wave of grain grabbing has already broken out in many cities, and grain prices in various cities have increased several times in half a month, but they are still in the stage where supply exceeds demand.

Such a crisis is no longer an economic problem during the stock market crash, but has become a social problem affecting the United States with various waves of unemployment.

How to deal with the nearly 10 million unemployed people, coupled with the food shortage of tens of millions of people, is a headache for the current President Coolidge.

In fact, the U.S. government is really helpless about it. There are even many people in the government who believe that the market will automatically adjust, that the current difficulties are only temporary, and that the US economy will recover in the future.

But if we understood the dangers of the Great Depression to the United States in history, we would not say so. According to historical statistics, the U.S. economy has been declining year by year since the Great Depression, and the U.S. gross domestic product has plummeted by more than half in four years, directly returning the U.S. economy to a few decades ago.

In September 1932, Fortune magazine estimated that during the Great Depression, there were 34 million adult men, women, and children in the United States without income, nearly 30 percent of the total U.S. population.

What's more, a large number of people in rural areas are not included in the statistics. Although the rural population is the main producer of food, this does not mean that all rural people will hoard large quantities of food in their homes.

The U.S. government's relief target has never been rural people, after all, the rural areas are broader and more scattered, and the U.S. government does not have much power to provide relief.

How dramatic was the impact of the Great Depression on the United States?

According to some rumors, there were people who walked 900 miles (about 1,450 kilometers) to find a job, and others stayed at the door of an employment agency all night in search of a job that would protect.

Because of the large number of unemployed people, some jobs that recruit workers have been robbed by everyone.

An employment agency on the street of New York opened a recruitment of 30 people, and on the day of the open recruitment, more than 7,000 people gathered on the street where the employment agency was located, which directly collapsed the employment agency.

What's more, some people secretly set fires in the woods just to get the government to hire them as firefighters.

According to the forecast of the American financial magazine, at least 10 million people in the United States are currently seeking jobs, but there are very few companies that can provide jobs, and many more people are aimlessly seeking jobs and ultimately get nothing.

Naturally, such a tragic situation in the United States has also affected Europe.

Although the British government was prepared in advance, the London stock market collapsed like the United States.

The good news is that under the British government's precautions, the rise in the London stock market before the collapse was not as exaggerated as that in New York, so naturally it will not attract so many people to invest in the stock market, and the number of people affected by the stock market collapse is also within an acceptable range.

What's more, the British government has prepared in advance to help the population, and has also stockpiled a considerable amount of emergency food, at least not to leave the unemployed hungry.

As we move into August, the number of unemployed people in various countries continues to grow.

A European newspaper has compiled data from various countries and listed a ranking of the unemployed in each country:

In first place, the United States, the number of unemployed is estimated at 7.5 million.

In second place, the United Kingdom, the number of unemployed is expected to be 5 million.

In third place, Germany, is expected to have 4.4 million unemployed.

In fourth place, France, is expected to have 3.5 million unemployed.

In fifth place, the Austrian Empire, with 2.2 million unemployed.

In sixth place, the island nation, with 2 million unemployed.

In seventh place, Italy, with 1.1 million unemployed.

In seventh place, Spain has 550,000 unemployed.

In eighth place, Tsarist Russia, the number of unemployed was 500,000.

In ninth place, the Netherlands, with 400,000 unemployed.

10th place, Portugal, with 200,000 unemployed.

Where is Australasia?

That's the question for almost everyone after reading this news report. Because almost all the great powers are on this ranking of the number of unemployed, with the exception of Australasia.

It stands to reason that Australasia, with a population of 30 million, is highly similar to Europe and the United States, and should be affected.

Even island countries, as a result of the massive assistance from the United States and American capital, are facing huge unemployment pressures and low incomes for their rural populations in the impact of this economic crisis.

Although Australasia is far away from Europe and the United States, it should not be on the list. Even countries like the Netherlands and Portugal are on the list, how can the economic size of the Australasian powers not be affected?

In fact, Australasia's economy and stock market did suffer, but the impact was largely minimal.

Even if you look a little closer, you can see that countries like Soviet Russia and the Republic of Turkey have not been greatly affected.

Australasia was behind the collapse of the New York stock market, and Arthur was the first to prepare for the stock market crash.

Long before the New York stock market crashed, Arthur instructed several of his consortiums to take precautions, and asked the royal consortium to prepare enough funds to prevent the public from withdrawing money urgently.

The good news is that Arthur's words are still relatively effective in Australasia, and the people are not too flustered, and there is no run on withdrawals.

In this way, at least the banking industry is relatively stable. When the banking industry is stable, companies will not panic too much and do not need to rush to reduce the number of employees and reduce expenses.

Due to all these factors, the unemployment rate in Australasia has not increased much, after all, the number of employees of the royal consortium is large.

Although some foreign companies have laid off some employees for their own costs and for various reasons, these unemployed people are quickly taken in by other companies, and people at least do not have to worry about their own risk of losing their jobs.

Besides, there are really people who can't find jobs for the time being, and the Royal Relief Committee and the government have also set up relief food collection offices to prevent the unemployed from starving.

As a result of these factors, the number of unemployed people in Australasia has remained below 100,000, which is completely manageable.

The number of unemployed in Australasia has always been a public figure, and it was soon reported abroad by the media in Europe and the United States.

As a result, the less than 100,000 unemployed people instantly attracted the attention of the world, and Australasia naturally became a place of yearning for those unemployed.

In fact, the Great Depression was also the time when the United States lost the most people. Historically, it was the Soviet Union that was not affected by the Great Depression, and the Soviet Union also attracted a large number of Americans, even Europeans, at this time.

But now, the role has come to Australasia. Isn't a country that has not suffered much from the economic crisis, and who can even guarantee the income of its workers, a sacred place for those who have lost their jobs?

But for those who are unemployed, how to get a ticket to Australasia has become their biggest headache.

As the number of unemployed people in the United States continues to rise, a large number of Americans choose to go to Europe or other regions to survive.

This has also caused the price of ocean tickets to rise again and again, from $15 to Europe, to more than $50.

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Today continues to be 10,000 days, has been more 3200/10000, ask for a monthly pass, ask for support!

(End of chapter)