Australasia's unemployment figures had caused a tremendous stir overseas, but Arthur paid it no mind. What he pursued was avoiding the impact of the economic crisis as much as possible.
Seeing that every country had been hit considerably by the economic crisis, this year's export share was certain to suffer a major blow.
On top of that, some changes to the nation's policies were necessary. First, they had to protect the interests of workers and employees and stabilize Australasia's current unemployment figures. Then, they had to strive to gain more benefits from this economic crisis.
How could they reduce the domestic unemployed population? Launching national-scale major projects was essential.
For that reason, on August 3, 1926, the Cabinet meeting on how to respond to the economic crisis was held on schedule, with every Cabinet member taking part.
"Your Majesty, our export share has been falling continuously since July. The economies of the European and American countries will not be able to recover in a short time. We must prepare in advance and prevent enterprises from being forced to lay off workers when their export shares fall sharply." At the Cabinet meeting, Prime Minister Roger reported to Arthur with a solemn expression.
The reason Australasia's unemployed population remained relatively low was not only that the stock-market crash had not affected it, but also that its banking industry was relatively stable, and enterprises had suffered little impact from the stock market.
However, the economies of Europe and America had already entered a slump and could not possibly recover in a short time. Under such circumstances, a reduction in Australasia's export share had become inevitable.
Food and meat had always been Australasia's main exports. A reduction in export share meant that farmers' and herders' incomes would also decline.
As for all kinds of