Chapter 95: The Era of Great Mergers

The agricultural crisis affected not just the European Continent, America also could not avoid the calamity.

As grain prices plummeted in Europe, naturally, capital owners transported and sold their grain elsewhere, bringing down grain prices in America as well.

Advancements in shipping technology reduced maritime transportation costs, leading to an increase in ocean-going vessels capable of carrying tens of thousands of tons. With this tailwind, the grain dumped by Austria even crossed the oceans to enter the Japanese market.

Of course, this was just incidental, as shipping grain specifically to Japan to sell it was still too low in profit, and no one had that much spare time to bother.

Influenced by the Meiji Restoration, Japan had recently increased its imports of machinery and equipment from Europe, making trade more prosperous.