Chapter 21, Too Many Smart People_1

Just like everyone else, the Mountain Domain wasn't exempt from this crisis. Hudson was helpless against the plummeting prices, all they could do was reduce production.

They had to continue trading, even at a loss. If they were to leave the market, it would be difficult to reclaim their position later.

This crisis was so harsh not only because of industry overcapacity, but also due to industry giants taking advantage of the situation to shake up the industries and strangle their competitors.

Perhaps the default on orders which sparked this crisis wasn't just driven by major trading companies; it might also be orchestrated by some mining tycoons behind the scenes.

It was not uncommon to see a major noble who was both a shareholder of the trading company and a steel magnate.

Unfortunately, Hudson's rise was too short-lived; their relations with the various major trading companies on the continent were limited to cooperation during the war.