The end of the world in economics

　　Now this picture is obviously not a "sudden" change, as Christopher said, but a process of accumulation, and the sudden plunge in the stock market is just a fuse.

　　In fact, there were smart people who realized that something was wrong early on and sold all their stocks before the big fall, thus avoiding this big fall.

　　However, Christopher is obviously not such a smart person, and having lost all his financial resources, he cannot repay the huge loan from the bank, so he has to hide at home all day, silently waiting for the bank's people to come to his door.

　　But he was destined to not wait for people who came to the bank to collect debts, and if he was willing to go out and take a look, he would find that there was no such thing as a bank on the street for a long time - it had all collapsed.

　　Inside the White House president's office in Washington, the president's secretary is nervously reporting to US President Hoover on the latest situation.

　　"Mr. President, today more than 3,000 factories have filed for bankruptcy protection, and nearly 400 banks have closed!"

　　"God! And 3000 factories 400 banks? Hoover said desperately, "How many factory banks have we lost in just one week?" What about the Wall Street bastards? Do they care? "

　　"The president ... IMHO, they are now busy transferring assets to protect themselves, who has the strength to help us? The secretary said with a crying face.

　　"These bastards! I have long told them that the current economic market is dangerous, let them raise the interest rate on loans, stop corporate lending, but what about them? Selfish! Hoover slapped the table grumpily.

　　In fact, the US government has long felt the seriousness of the situation, as early as the beginning of 1929 issued a series of policies, wanting to suppress the crazy stock market, but unfortunately, because Wall Street, which controls the country's economy, in order to make money, the government issued policies in violation of the yin, which made the economic crisis extremely fierce.

　　"President, it's not anyone's responsibility now, it's how to control this crisis, and if it is allowed to develop..." the secretary exhorted with sweat on his forehead.

　　"Those vampires on Wall Street! Sooner or later I'm going to finish them off! Hoover cursed one last time, and then began to think of ways to control it.

　　After bowing his head and pondering for a while, Hoover sighed and said: "This is the only way, increase import tariffs, cancel all recent import contracts, and then dump excess products to other countries!" "

　　"This, this will kill other countries, right?!" The secretary said in surprise.

　　"You tell me, apart from passing on the crisis, what else can we do to keep America?" Hoover stared into the secretary's eyes and said, "If you can come up with something else, I'll give you the presidency!" "

　　"Okay, okay." The secretary was taken a step back by Hoover's eyes, "I'll arrange it!" "

　　Soon, the US approach to passing on the economic crisis was half as effective as expected – other countries were dragged into the water, but the US itself still failed to get out of the crisis.

　　Not only did the United States fail to get out of the crisis, but Hoover also adopted a laissez-faire policy at home, which led to an economic crisis at The crisis has become more serious.

　　Germany, as the closest country to the United States economically (the United States gave Germany a large amount of financial support under the Dawes Plan), was the first to be affected by Hoover's idiotic policies.

　　In just two months between the beginning of November 1929 and the beginning of January 1930, German companies bankrupted 40% of the country's factories, closed thousands of banks, and fell by 30% of the country's gross domestic product, and this number is still rising wildly.

　　In the presidential palace in Berlin, Germany, an emergency cabinet meeting is being held in Lyon.

　　"Hoover idiot!" At the beginning of the meeting, Speer scolded that as the minister of industry, he knew best how terrible Germany was because of the US pass-through policy, "I can't solve the problems I have created, so I want to pull everyone into the water!" "

　　"It doesn't matter if Hoover is an idiot, the trouble now is how to save our economy that just recovered from the last war?" Hans Luther rubbed his forehead and said, "Mr. Minister of Finance, what is your high opinion?" "

　　Nathan had been thinking about something when he heard someone call him, and he was taken aback.

　　"Huh? What the? He asked suspiciously.

　　"I ask you what your opinion is about this crisis." Hans Luther repeated helplessly.

　　"Uh-oh." Nathan heard the question clearly, quickly sorted out his thoughts, and said, "This economic crisis should have hit us very hard. "

　　"Originally?" Hans Luther grasped the key.

　　"Yes, the original blow should have been very big, but it is strange that for some reason there is a large amount of gold in our capital reserves, and the appearance of this gold gives us enough strength to fight this crisis." Nathan said strangely, "It feels to me like someone predicted this crisis in advance and prepared in advance." "

　　Everyone present was stunned when they heard this, after all, the fact that Nathan said was too weird.

　　"Foreseen?" Hans Ruther repeated, "Who did it?" "

　　"I don't know." Nathan shook his head.

　　"You as the finance minister don't even know?" Speer said in surprise.

　　"I also found out after the crisis broke out."

　　"So how much gold do we have now?" Hans Luther asked.

　　"1000 tons!"

　　"God, 1000 tons?" Hans Rudd screamed, "That's 80% of our total foreign exchange reserves, right?!" "

　　"Yes." Nathan said, "75%"

　　"So, relying on this gold, we can not worry about foreign crises passing on for some time in the future?" Speer asked.

　　"That's right." Hans Luther nodded and said, "But this money is not enough for us to completely save the domestic factory."

　　"It's okay, we don't need to save those factories." Leon, who had not spoken, said, "What we have to do is very simple, just need to ensure that the people's living standards do not fall too much, as for how to do it, I will authorize Mr. Rothschild to deal with it with full authority." "

　　"Thank you Fuhrer, I will not disappoint you." "But Fuehrer, if we don't save those factories, the people will lose their jobs, and when people lose their jobs, we will have to come up with money to provide relief, and we don't have enough money to support the nationwide relief."

　　"I've thought about this for a long time." Leon said, "We can't save the factory, and I don't plan to give relief if the people are unemployed."

　　"Then how do we ensure that the people's living standards do not decline?" Nathan's face was full of doubt.