Immigration

Prime Minister Felix: "As of now, the number of bankrupt domestic enterprises has reached 1,876, while the unemployed population has surpassed 2.47 million—a record high.

"The cotton textile industry has suffered the heaviest losses. One-quarter of textile mills have gone bankrupt, while more than half of cotton textile mills have announced production cuts, causing capacity to plunge by 37%.

"Shipbuilding comes next. Affected by the decline in international trade, shipyards have received almost no new orders in recent months. Even among existing orders, a large portion have been canceled due to the economic crisis.

"Steel..."

Bad news kept reaching Franz's ears. This was the inevitable result of an economic crisis.

During a depression, the market contracted. In order to survive the crisis, enterprises cut production capacity and laid off workers, causing the market to shrink further and creating a vicious cycle.

The solution to the crisis was very simple: either find a new market to shift the crisis elsewhere, or wait for the market to recover on its own.

The current situation was obvious. All of Europe had been dragged down by Austria. There was nowhere left to shift the crisis, so they could only rely on the market's own recovery.

After the survival of the fittest had run its course, outdated capacity would be eliminated. The enterprises that survived had generally put effort into management or technology. Every economic crisis was also a period of technological eruption.

Unlike before, after this economic crisis broke out, the Vienna Government had not increased investment in public infrastructure or created more jobs. Instead, it had allowed the market to regulate itself freely.

Franz asked, "How is the immigration work progressing?"

The crisis itself was not frightening. What was frightening was the unemployed population it created. In this age, the working class had