African Entrepreneurship Chronicles: Rise of a Hohenzollern Prince
Chapter 1352

Crisis Awareness

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Bohemia Province's attempt at transformation this time had in fact been pushed forward by the East African Central Government. After all, the East African economy was still relatively hot, and a booming economy could conceal many problems in urban development.

The reason Ernst had chosen Bohemia Province, aside from its imbalanced industrial structure, was that Bohemia itself lay in East Africa's interior. Inland development was inherently more difficult than coastal development.

Ernst foresaw that after the European War ended, the world's economic powers would face a severe crisis, especially once the European nations restored their economic production order.

While war raged across Europe and the Middle East, the rest of the world had not been idle. Besides countries like East Africa and the United States, which had accumulated terrifying industrial capacity, the industries of Japan, the Far East Empire, Britain's colonies, and even South America had all expanded enormously to varying degrees.

Among them, Britain's colonies had developed particularly prominently. Regions such as Canada, Australia, India, and New Zealand had received vast numbers of industrial orders from mainland Britain and established quite a few enterprises.

Take Canada, for example. During the war, Canadian industrial investment had increased nearly twentyfold over normal levels. Britain and the United States had invested in many factories in Canada, producing vital supplies including warships and weapons, while Canada also exported massive quantities of agricultural products, becoming an important logistical base for the Entente Powers.

During the First World War, industrial capacity across the entire world had increased rapidly. This was an extremely dangerous signal, indicating that the postwar world economy would inevitably face a major crisis.

Ernst foresaw that this Great Depression might even surpass the 1929 Great Economic Crisis of his previous life. After all, under Ernst's influence, the colossal entity that was East

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