Chapter 483 Old Morgan Arrives Belatedly

This kind of decline also has its benefits. For example, the national election is coming soon. After years of preparation, Sheffield now has a certain degree of confidence in the national election. In the previous national election, the Democratic Party did not have a nationally renowned and popular candidate and was basically a runner-up.

At the national level, after this financial crisis, life will certainly be harder for ordinary citizens than before, and the total volume of various industries will certainly shrink for a period of time. However, for truly powerful companies, this is actually a very good opportunity to eliminate competitors with weak vitality.

The total economic volume of a country is shrinking, but the expansion of large enterprises is accelerating. Small and medium-sized enterprises are bound to have a hard time. No matter how powerful a country's enterprises are, employment is supported by small and medium-sized enterprises. Unless the country has something called a state-owned enterprise that specifically provides jobs, the United States does not have such a thing.

Small and medium-sized enterprises will go bankrupt, the number of unemployed people will increase, and social contradictions will become more acute. This is all part of a logical chain. Then the crime rate will definitely increase. This is the national condition of the United States.

This kind of turmoil, which was very minor in Sheffield's eyes, was a big earthquake for ordinary citizens. If they wanted to avoid it, they could either be self-sufficient like the southern states and take on low-end populations. When the total economic volume fell, the agricultural and animal husbandry-based environment in the south could at least ensure that a person would not die of hunger and cold, but for the workers in the north, this economic environment was not very friendly.

Sheffield is in a hurry to help the unemployed people. They have found a window to vent their anger. Look at these dark-skinned people. Do they look particularly easy to bully? Those black people have taken your jobs. Why don't you take action quickly?

Amid economic turmoil and serious ethnic conflicts, the national election will come next year. Doesn't the great United States have a political party that protects the rights of the majority white people? What are you waiting for if you don't vote for the Democratic Party? Only the manifest destiny of the Democratic Party can prevent white people from falling into hunger and cold.

With Roosevelt's attitude towards big business during his most recent term as a reference, Sheffield believed that Northern big business, which had an overwhelming economic advantage overall, should be prepared to cool down the Republican Party for a while.

You have to know that after two terms in office, Roosevelt has established a strong influence within the Republican Party. Roosevelt's supporters are no longer the small faction they were at the beginning. Until this problem is solved, don't even think about gaining the trust of big companies.

So whether from the top or the bottom, Sheffield feels that this time the Democrats can fully challenge the Republicans.

In short, this economic recession is not a bad thing for the future, especially for the Democratic Party and Sheffield.

After the stock market stabilized, market confidence was also recovering. Companies and individuals who had been holding on to cash were beginning to wonder whether the disaster was really over.

At this time, Morgan Alliance, Standard Oil and United Company all began to bottom out at the same time, and their actions were fast and fierce. All industries in the United States were within the scope of this bottom-fishing. Machinery, electricity, minerals, steel and railways were all involved in this feast.

The bold will die of overeating, while the timid will die of starvation. The three major companies began to invade the market with the force of sweeping up stocks, which made the stagnant stock market boil again. The stocks on the New York Stock Exchange began to rise steadily, and speculators entered the market again after they felt safe. After realizing it belatedly, they hoped to have a taste of the soup.

The exact amount of benefits that United has received from the financial crisis this time will only be known after the financial crisis is completely over. Of course, to be optimistic, Sheffield feels that estimating a nine-digit figure is not excessive, it is just a matter of the first digit.

How to buy at the bottom and how to operate the market, such things naturally do not require Sheffield to be present in person. He is now in the Morgan Building, chatting and laughing with the other two of the three giants of the New Roman Empire.

An economic crisis is a great opportunity for truly large companies. No wonder the Morgan father and son take the opportunity to buy at the bottom during every economic crisis. I just don't know who is better at buying at the bottom, the Morgan father and son or Buffett in later generations.

"For many people, the past month may have been like a dream." Sheffield stretched and said to Morgan Jr. and Rockefeller Jr., "Even I felt like I was dreaming, but now I'm awake."

Waking up from a dream means that the slave owner is already thinking about the next question. Seeing that Morgan Jr. and Rockefeller Jr. were still a little confused, Sheffield had to make it clearer, "These four years of nightmare are about to end. I wonder what my two dear friends think of the dawn."

It was only then that the two men realized that Sheffield's awakening from his dream meant that Roosevelt's second term was about to end. It was now approaching the end of the year, and there would be another national election next year.

Ordinary citizens may not know much about what is going on within the Republican Party, but how could they not understand that Roosevelt's Progressive Movement is no longer the small faction it once was and can represent the mainstream attitude of the Republican Party? This issue needs to be carefully considered.

Since the Civil War, the history of the Republican Party has been that the sharp increase in government spending has made northern industrial capitalists quickly wealthy, and these capitalists have gradually gained control of the Republican Party. Their political ideas began to influence the development of the Republican Party. They believed that in the United States, which is dominated by white people, fighting for the rights of black people would not benefit them much, and the defeated southern states were strongly opposed to the abolition of slavery and even resorted to violence. After the Civil War, the Republican Party basically gave up fighting for the rights of black people. Now the Republican Party has basically evolved into a political party of big companies and big businessmen, pursuing extreme anarcho-free economics.

If Roosevelt had not appeared, I believe that most large companies and bankers would still inertialy support the Republican Party to continue to govern. However, Roosevelt's appearance was an accident. As a backup vice president, he would not interfere with the established track, but he unexpectedly became president, and now the faction he leads has become the mainstream faction of the Republican Party. Whether he can still get support now is very questionable.

"Anyway, I have one thing to say. As a company that enjoys freedom and loose policies, United Corporation must never accept Roosevelt or a candidate like Roosevelt to run for president again." While the two were still thinking, Sheffield expressed his attitude, "I would rather see shootings on the streets every day than see a president who is hostile to big business take office again. Although we encountered the financial crisis this time and made some money, the losses caused by the federal government's troubles before were also real."

Seeing Sheffield's indignant face, the two nodded in empathy. Who hasn't suffered at the hands of Roosevelt in the past three years? Sheffield just brought it up first. They both had similar ideas. They couldn't continue like this. The president should stay away from the political circle and live a peaceful life.

"We still have one year to see who our friend is," Rockefeller Jr. said. "If Roosevelt still wants to run, it would be best if he fails the primary and doesn't get the Republican nomination."

"If the first round of arrangements fails, it will depend on the Democrats. They can use this financial crisis as a breakthrough point to attack Roosevelt for not managing the economy well." Morgan Jr. added, "We will fully support the Democrats at that time. Now that it has come to that point, the Republicans will not complain that our support is not strong enough."

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"It's best to do both things at the same time. Roosevelt is not someone who will admit defeat easily. Even if he doesn't run for election himself, he will put forward a trusted candidate, who may even support this candidate at that time." Sheffield remembered that Roosevelt did this after his term ended, and added, "As for the Democratic Party, the campaign strategy is similar to the last time, and you have all seen it. In elections, everyone should compete fairly, and the most important thing is that the candidates are controllable. Accidents like Roosevelt's, my God, cannot happen again."

The two nodded. Indeed, if another unexpected event like Roosevelt happened, it would crack their iron hearts. Reason told the three that since public opinion was dissatisfied with big companies, such a candidate would appear sooner or later. But being mentally prepared was one thing, and actually appearing was another.

Just the dismantling of Northern Securities and the heavy fine of Standard Oil of nearly 30 million made the two of them feel deeply pained when they recalled this incident. This was not a pain that could be healed by a single bottom-fishing transaction.

For the national election next year, the three have reached a preliminary consensus that they must prevent Roosevelt and his faction from entering the White House again. Sheffield, in particular, felt more strongly than ever before. He certainly knew that in history, the candidate nominated by Roosevelt won again, but that was history.

As a bystander of history, Sheffield can accept this result, because there was no United Company in history. But as a witness of history, this is totally unacceptable. Now that United Company exists, what about a president who uses the antitrust law as a big stick?

After this rescue, the three were widely praised by the media. Although the three were also the culprits of the financial crisis, the citizens would not know about the things that happened in the dark. Citizens only need to know that it was the three of them who saved the United States. At the same time, at the port of New York, a cruise ship slowly docked, and Morgan, the person involved in the seven-day tour of the French Police Department, stepped onto the land of his motherland with his eyes wide open.

(End of this chapter)