October 24, 1929, is a day that the whole world should remember.
New York Stock Exchange, as soon as the market opened, many stocks began to fall. Subsequently, more and more stocks fell, and the entire stock market began to plummet like an avalanche.
All the stock traders were stunned. They had never expected that such a thing would happen.
"God! Is this the end of the world?" a stock trader said painfully. Because half of his life savings have been invested in the stock market. However, the current sharp decline in the stock market has directly caused all his wealth to be evaporated!
Of course, it's not just him whose fortune has been wiped out. Also evaporated were other people's wealth. The entire United States suffered heavy losses due to this stock market crash.
At the same time, the stock plummeted, which also led to a series of problems. Companies began to go bankrupt, banks collapsed, workers lost their jobs, and the goods produced could not be sold. All this shows that the economic prosperity period of United States is gone forever.
Next, the entire United States will enter the economic winter.
The economic crisis broke out from United States and then spread to the whole world. Europe and Asia and Americas were all affected. Europe is now basically controlled by Germany. Among the measures German government introduced in advance, it played a certain role in resisting the economic crisis. Americas and Asia were hit the hardest. Especially Island Nation, their current market is flooded with United States products. An economic crisis broke out in United States, and Island Nation's economy was hit hard as a result. This is undoubtedly adding insult to injury for Island Nation who is trying to restore Island Nation's military strength and then seek revenge on Germany. In order to raise enough military spending, the Island Nation government had to further intensify the exploitation and oppression of the domestic people.
On October 31, German Cabinet held a meeting to determine what impact the economic crisis would have on Germany's economy.
"Your Majesty, the economic crisis has broken out in full force. United States A large number of companies have closed down, workers have lost their jobs, and the entire country's economy has become a mess. It is expected that this situation will continue for several years. Empire In this economic crisis, the impact is not great. However, it may be difficult for our products to be exported outside the control area. This will put pressure on some companies to survive," Prime Minister Wachth said. Especially those companies whose main markets were Americas and Island Nation may be in trouble this time.
Oscar nodded, although the global economy has not yet been integrated. However, it is undeniable that economic connections are getting closer and closer. This also makes it impossible for Germany to survive the economic crisis alone.
"Imperial Government can implement some measures and find a way to save it!" Oscar said.
"Yes, Your Majesty!" Wachth nodded.
For Germany, these are actually not big problems. The mature domestic market, as well as the market formed by most of Europe, and the market composed of the world's largest colonies, are enough to make it easy for Germany to survive this economic crisis.
"United States will suffer heavy losses during this economic crisis, right? So, is there any way for the Empire to further increase Americans's losses?" Oscar asked.
Although, the conflict between United States and Germany has ended ten years ago. However, the hatred between the two countries did not resolve, but deepened. This has caused the governments of both countries to prepare for war, hoping to defeat the enemy and win victory in future wars.
"Your Majesty, we think the most feasible plan is to pool a lot of cash to buy those machines and equipment from United States. Many United States factories have gone bankrupt, and those machines and equipment are idle. If Empire can buy those machines and equipment, it can bring Empire's industrial strength to a higher level. Now that United States is in economic crisis, we can buy those machines and equipment at very low prices. In addition, United States There are many scientists and engineers, as well as experts and scholars in various fields, and even technical workers, who have no livelihood due to the economic crisis. We can definitely recruit them to work in Germany. In this case, even if United States emerges from the economic crisis in the future, without machinery and equipment, without scientists, engineers and even skilled workers, their industrial development will be greatly restricted." Imperial Trade Minister Hans said.
Oscar looked deeply convinced. This coincided with his plan. Now United States, the economy is in severe recession and people are living in hardship. And this is also a good opportunity for Germany to wield a small hoe and go to United States to poach people. If you miss this opportunity, you may not know how long you will have to wait.
"This time, the Ministry of Trade should be responsible for the action against United States! We must use the minimum cost to evacuate United States! We want all the machinery, equipment, industrial raw materials and talents! Whether Empire's industry can achieve a second take-off depends on this time!" Oscar said.
"Yes, Your Majesty." Hans nodded.
Since 1930, Germany has sent a large number of corporate purchasing groups to United States. These purchasing groups made large purchases at United States, buying various industrial machinery and equipment, industrial raw materials, etc. directly at very low prices, and then shipped them to Germany.
Even many merchant ships of United States have begun to be sold. Compared with before the economic crisis, the current price is only one-fifth of the previous price or even lower. This caused many shipping companies in Germany to rush to United States to buy those ships.
At the same time, various scientific research institutions in Germany, as well as many companies, began to recruit personnel within United States. In particular, top scientists and engineers are the focus of recruitment. These are the most valuable talents. If they can be brought to Germany, it will greatly enhance the scientific research strength of Germany. At the same time, it was a heavy blow to the scientific research strength of United States. Under the circumstances, Germany's scientific research strength can naturally lead United States by a large margin.
Many factories in Germany recruit skilled workers with special skills in large quantities in United States. Although life was difficult and they had to leave United States, many skilled workers still chose to work in Germany. After all, they have a life to live, a family to feed, and to survive. Even if Germany is their enemy, they don't care so much.
Under Germany's crazy bargain hunting, United States's industrial strength was further weakened.