African Entrepreneurship Chronicles: Rise of a Hohenzollern Prince
Chapter 1038

The Final Stage of the First Five-Year Plan

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To be precise, the current world order was dominated by the seven highest-ranked nations: Britain, France, the United States, Germany, the Austro-Hungarian Empire, Russia, and East Africa. As for Japan and Spain, although they too counted among the great powers, Japan only wielded significant influence over Korea and, before the Russo-Japanese War ended, could not be said to have completely controlled Korea.

Following the Spanish-American War, Spain had basically lost any real presence. Although many countries in the Americas had once been Spanish colonies, they had now largely fallen in with Britain, the United States, and France.

Under such a diversified world order, East Africa's Korean model could naturally work. Moreover, East Africa differed fundamentally from Korea in its previous life: East Africa was vast. Even without participating in international cooperation, it would not fare badly, let alone when East Africa was itself an important link in world trade.

On October 6, 1905, the Russo-Japanese War, which had lasted an entire year, was finally declared over, and the world order underwent major changes.

Through this war, Russia became the greatest loser. Russia's sphere of influence in the Far East shrank drastically, while the Russian Navy lost nearly half its assets compared with before the war. The Baltic Fleet and Far East Fleet were essentially wiped out to the last man, meaning that the Russian Navy at the time had only the Black Sea Fleet left. Rebuilding the Russian Navy was exceedingly difficult for Russia under its current circumstances. At the same time, Russia became the laughingstock of other nations around the world. The humiliation inflicted upon Russia by the Russo-Japanese War was even more severe than that of the Crimean War, and internal social conflicts within Russia intensified once again...

All in all, the Russo-Japanese War had too great

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