Ch. 21A Twist of Fate and an Economic Crisis
Ham abandoned the idea of personally leading a revolution, while Metternich faced rising prices and political pressure in Vienna. As the European economic crisis spread, cheap British imports caused manufactured-goods prices in Vienna to collapse, leaving speculators with heavy losses and workers unemployed.
- Ham decided that he would support revolutionaries for profit but would not lead a rebellion himself.
- Metternich learned of the banquet at Veris Manor but refrained from arresting the capitalists, despite suspecting their plans.
- Vienna prices rose sharply as capitalists and nobles pursued profits, while the government failed to control prices or secure supplies.
- The economic crisis spread from Britain to France and the German states, as falling demand, factory closures, and unemployment mounted.
- The Vienna Government lowered import tariffs, and cheap British goods flooded the market.
- Manufactured-goods prices in Vienna fell below production costs, forcing capitalists to take losses, close factories, and lay off workers.