African Entrepreneurship Chronicles: Rise of a Hohenzollern Prince
Chapter 1422

Four Great Steel Core Regions

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Although East Africa had indeed made few contributions to the progress of the world's political systems—and had even played a negative role in that regard—this did not affect the strong recovery of the East African economy in 1924.

Only one year remained before the Fifth Five-Year Plan came to an end. However, because the beginning of the plan had been affected by the European epidemic and the global economic depression, many of its projects had been postponed.

This led to East Africa's large-scale projects being launched collectively as the Fifth Five-Year Plan neared its conclusion. Combined with the fact that the world economy had already emerged from the depression, the East African economy reversed its previous decline in 1924. Every economic and industrial sector advanced by leaps and bounds, even surpassing its performance during the First World War.

During the First World War, East Africa had reaped the dividends of the European War and benefited from many overseas markets, causing its industrial capacity to explode at breakneck speed. Yet the moment the war ended, East African industry was immediately beaten back to its original form and suffered a severe blow.

The following years were further marred by the epidemic and economic depression, leaving it sluggish and weak. The East African economy's powerful return in 1924 also meant that East Africa had absorbed most of the gains it had obtained during the First World War.

For instance, the many overseas colonies East Africa had acquired during the war and the newly opened overseas markets filled the gap left by the loss of overseas orders after the war. They also steadily supplied East Africa with cheaper and more abundant raw materials.

At the same time, with adjustments to East Africa's economic policies and changes in the international environment, demand within the domestic

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