The enactment of the Bulgarian Language, Script, and Religion Act brought two-sided consequences as well!
In the short term, it helped stabilize Bulgaria's domestic situation, accelerated the integration of its various ethnic groups, and promoted Bulgaria's economic and cultural development!
In the long run, it also restricted the entry of foreign immigrants. At the very least, immigrants from countries with different languages and scripts would first have to seriously consider whether they could pass the language hurdle!
It could be said to have both advantages and disadvantages! But Ferdinand had no time to worry about that now. At worst, once ethnic integration was complete in the future, they could revise the law again!
The most urgent task now was to digest the meat already in their belly and turn it into strength driving Bulgaria forward, rather than letting it rot inside and give them a stomachache!
What was bound to come still came. After Russia's financial crisis erupted, major banks tightened their lending one after another, calling in loans early to deal with the wave of bank runs.
A great many Russian enterprises first suffered devastating losses in the stock market, and then the banks tightened their loans. By August, many companies had gone bankrupt as their cash flows snapped. Russia's industrial crisis had erupted in full!
Affected by the industrial crisis, Russia saw a wave of unemployment. More than a million people became unemployed in a short period of time. The economic crisis had arrived!
By the end of the nineteenth century, economic ties between countries around the world had grown ever closer. After the Russian economic crisis broke out, import and export trade began to shrink, and other countries in the capitalist world were also affected.
France, Germany, Austria-Hungary, Belgium, Britain, the United States, Italy, and other