On April 14, 1929, Germany Prime Minister Wachth held a Cabinet meeting. The main topic of this meeting was the Empire economy. Originally, this was just an ordinary meeting, but Emperor Qin Tian of the Empire suddenly expressed his intention to participate in this meeting, which immediately raised the standard of this meeting a lot.
Almost all Cabinet members attended this meeting. Even Minister of War and First Sea Lord. You know, they basically have nothing to do with the economy.
After the previous Prime Minister Bülow resigned from Prime Minister because of his old age, Oscar appointed the original Foreign Minister Wachth as Imperial Prime Minister. Although Wachth is not very good at internal affairs, there are professionals responsible for this aspect. So, don't worry too much. In addition, before Bülow became Prime Minister, he was also Foreign Minister. Therefore, it all seemed to fall into place without causing any turmoil.
"Your Majesty is here!"
All the members of the Empire Cabinet stood up and saluted Oscar.
Oscar is now forty-one years old. As he reaches middle age, he appears more mature and stable. At the same time, after more than ten years of being emperor, he has developed the majesty of an emperor. The aura he exudes from his movements is so natural that people can't help but bow their heads in surrender.
"Please take a seat, everyone." Oscar said.
"Yes, Your Majesty." The ministers then sat down.
"Prime Minister, let's start!" Oscar said to Wachth Prime Minister.
Wachth nodded, glanced at Cabinet's ministers, and then said, "The following will be followed by the Empire's economic operation."
Imperial Trade Minister Hans began to report on the Empire's current economic situation. Overall, Empire's economy is still developing rapidly. Of course, this is largely due to the vast colony of the Empire. If all Empire's colonies were added up, they would have a population of hundreds of millions, giving Empire a huge market. Relying on this market, Empire's industry and economy can develop rapidly.
In addition, under the leadership of Germany, the entire Europe, in addition to Buru, has also formed a large market. In this market, Germany mainly occupies a dominant position. It can be said that the two markets occupied by Germany played a very large role in the economic development of Germany.
In addition, Empire is also actively competing with United States in the Americas market and Asia market. Although in these markets, there are winners and losers. But overall, Germany still has the advantage. It can be said that in the international market, Germany has suppressed United States.
This is why US government had to turn to developing the domestic market. United States has a population of hundreds of millions, and there are many wealthy people, and they all have strong purchasing power. As long as these people's desire to purchase is stimulated, United States's economy can still develop.
After ten years of hard work, the domestic market of United States has become very prosperous. However, there are also many problems. Once it breaks out, the consequences will be disastrous.
Hans's report ended quickly, and then other ministers successively reported on the situation in their respective areas. The reports of these ministers also gave Oscar a relatively intuitive understanding of the current Germany economy.
Steel, shipbuilding, automobile and machinery manufacturing are still Germany's strongest industries. It is also an industry in which Germany is relatively competitive in the world. Perhaps it is true that Germany people are naturally better at machinery manufacturing. They are able to build some of the most complex and best machinery in the world.
"What is Empire's current financial situation?" Oscar asked.
"Your Majesty, Empire are now in good financial condition. Not counting the annual income from the colonies, they are already number one in the world. Last year, Empire's fiscal revenue reached 40 billion Mark. In addition, Empire can earn a total of about 10 billion Mark from each colony every year," Imperial Chancellor of the Exchequer Count Puhl replied.
"A total of fifty billion Marks?" Oscar nodded. He was still very satisfied with this number. Compared with the data from another time and space in his memory, it is equivalent to twice the financial income of United States during the same period.
"Everyone, although the economy of the empire is generally running smoothly, there is already a problem with the economy of the Americans on the other side of the ocean. They have over-exploited the domestic market, and in order to stimulate people's consumption, they have even provided large-scale consumer loans to the people to invest in future purchasing power. And this has caused the U. S. economy to go out of control. False prosperity has emerged. However, American factory owners seem to be unaware of this and are still desperately expanding production. Think about it, when the balance is broken, who will they sell to? What will happen to the United States?
The expressions of several economic ministers suddenly changed. Of course they knew what the consequences would be.
If the goods cannot be sold, the factory will go bankrupt. At the same time, bank loans cannot be recovered, which will cause the entire country's economy to collapse.
"Your Majesty, you mean United States there may be an economic crisis?" Trade Secretary Hans asked.
"It should be almost like that. At least, judging from the various information fed back so far, United States is very likely to have an economic crisis." Oscar said.
Suddenly, the ministers participating in the meeting began to talk about it. Everyone knows that once United States's economy collapses, it will have a great impact on United States.
"I hope that Cabinet can formulate a detailed plan next to prevent Empire from being affected by this economic crisis. At the same time, we will use this opportunity to severely weaken United States!" Oscar said.
"Yes, Your Majesty." All the ministers replied.
Although, Germany has two large markets to support domestic industrial development. However, if an economic crisis breaks out in United States, there will definitely be a chain reaction. By then, Germany will be more or less affected. However, the impact will not be as great as United States, and the losses will not be as tragic as United States.
German government began to make various plans in order to actively respond to the economic crisis that may break out. But Americans on the other side of the ocean knows nothing about it. They are still immersed in false prosperity.
Americans believes that when the international market is suppressed by Germany people, they can still develop the domestic market and achieve rapid development, which is already very commendable.
It was under such circumstances that the economic crisis arrived as expected.