Chapter 82: Opportunity in the Depression

Beginning in 1920, three Republican presidents, Harding, Coolidge, and Hoover, were in power. Some American historians believe that "these three administrations constitute an era in the history of the United States" and that "in these short 10 years, the level of morality has reached an unprecedentedly low level." ”

After the stock market crash, economic crises followed. In order to maintain the price of agricultural products, large farmers destroyed the "surplus" product, replaced coal with wheat and corn for fuel, and poured milk into the Mississippi River. By 1932, the steel industry in the United States had fallen by nearly 80 percent, the automobile industry by 95 percent, at least 130,000 businesses had closed, and one-quarter of the country's total labor force had lost their jobs.

The city's homeless people built humble shelters out of planks, old tin sheets, tarpaulins and even brown paper, and the huts were called "Hoover Village," a satire on President Hoover. The homeless people's food bags are called "Hoover bags", and the newspapers covered by homeless people sleeping on street benches are called "Hoover blankets". There is a popular children's song on the streets of New York: "Mellon blows the whistle, Hoover rings the bell." Wall Street is signaling that America is going to hell!"

Then, the U.S. economic crisis spread outward, leading to the Great Depression.

From 1929 to 1932, industrial production fell by 40 percent, foreign trade by 60 percent, and prices by 30 percent. In July 1931, the collapse of the German Bank of Darmstadt triggered a bank run, which reduced the country's gold reserves from 2.39 billion marks to 1.36 billion marks, and the nine major banks in Berlin were reduced to four.

From 1929 to 1931, Japan's exports fell by 76.5% and imports by 71.7%. A large number of banks and industrial and commercial enterprises have gone bankrupt, the operating rate of the major industrial sectors is only 50 per cent, the total industrial output has fallen by 32.9 per cent, and the total agricultural output has also fallen by 40 per cent. Because of this, Japan stepped up its invasion and plundering of China.

The economic crisis also became the trigger for the Second World War, and its impact was extremely far-reaching.

After the thrilling stock market crash, Qin Di and Yan Xue still stayed in New York and never moved.

He hired a private lawyer named "Colin Darcy", and with the help of this person, he registered three real estate investment companies in one go, each with a capital of 10 million dollars. The first is called Manhattan property group, which focuses on buying and managing Manhattan properties, the second is called West coast property group, which focuses on investing in real estate in San Francisco and Los Angeles, and the third is called southeast property group, which focuses on investing in seaside villas in North Carolina, South Carolina and Florida.

In addition, he also registered two "art trading houses", each with a registered capital of 10 million US dollars, and the legal person of the company is Yan Xue, which is dedicated to collecting art. Oil paintings in those years were very cheap, and a painting sold for a few hundred dollars, and it was very expensive for later generations. In addition, there are some Chinese antiques that were snatched by the Eight-Nation Coalition and left to the United States, which are also worth buying and collecting.

In addition, he registered a consulting company, "Panda Consulting Group", and injected $20 million specifically to buy bankrupt small companies in the United States, such as steel companies or machinery companies, and prepare to move them to China. Although China is in turmoil and thankless in business, someone has to do it.

On December 10, Qin Di met with more than 20 professional managers in a rented office.

He has a keen eye, can penetrate people's hearts, and can see at a glance the general character of the other party.

So it only took him a little more than an hour to pick out six managers, five young men, three men and two women, and a fifty-year-old black man named "John."

He first summoned three young men, named "Michel wilson", "Eli Wright", and "Jackie Stowe", all of whom were young whites, graduated from a general university majoring in economics and management, were about 30 years old, and had four or five years of work experience.

These people are ordinary people, who have neither extraordinary fame nor rich experience, and they are all unemployed because of the stock market crash, and they are worried about how to live tomorrow.

Most Americans don't save money, so once they lose their jobs, they will be in big trouble, and within two or three months, they will be on the streets.

The three young Americans looked at the Asians in front of them with eager eyes, in their eyes, Qin Di and Yan Xue were so handsome and beautiful, chic and free, quiet and serene, neither humble nor arrogant, very different from the Asians they saw on a daily basis.

Qin Di introduced to them in fluent English: "I have registered three companies and want to hire you as a manager, there is a contract here, please take a look at it first, if you agree, you can sign it." ”

Yan Xue placed three printed copies of the agreement in front of them.

The three of them lowered their heads and hurriedly read, and the scene was silent and silent.

The contract states the name of the company, the amount of registered capital, the scope and objectives of the business, and the rights and responsibilities of the manager. The company will be audited by an accounting firm twice a year. The initial salary of the three is $20,000 a year, which will increase by 10% every year thereafter, the minimum working experience is 10 years, and the reward is $100,000 after completion; if they can continue to do it, after 20 years, they will be rewarded with $200,000! After 30 years, they will be rewarded with $300,000 in retirement benefits! There are also some requirements in the contract, if you fail to complete the task, you will not pass the annual audit, and you can only leave the company.

The three of them were surprised and delighted when they saw it!

"Oh my God, is this true?"

"Now that the economy is in recession, countless people are unemployed, and the annual salary is 20,000 US dollars, which is a high salary for us!"

"This kind of job opportunity is like pie in the sky! I worked Wall Street last year to get $9,000 ......."

"It's rare to see a 10% increase in salary every year......"

Generally speaking, if you have a long-term career in the United States, if you don't change jobs, it is good to increase your annual salary by 5%, but the treatment provided by Qin Di is increased by 10%!

"What's more, after 10, 20, 30 years, and so many rewards! It's an enviable and exciting job......

"Yes, it's good to have a job these days, and it's ......like a dream to be able to sign a ten-year contract."

So, the three of them signed an agreement impatiently, and happily accepted the position of manager of the start-up. Although the company has nothing, it is nothing, as long as you have money, you can hire employees, and real estate transactions are not difficult.

Qin Di told them not to spend all the funds in one go, because this economic crisis has just begun, and in a few years, the house will become very cheap, and we are doing long-term business, not caring about short-term ups and downs.

The three of them took the power of attorney and left happily.

It is impossible for Qin Di to be based in the United States, so he divided the funds and set up three companies, and if someone does not do well, he will notify the private lawyer, remove that person, and then change the new manager.