Chapter 633: The Frightened Angel (Fourth Update, Please Subscribe)

God bless the Ming Dynasty!

Why is it God bless Ming Dynasty!

Of course it was because of the economic crisis in 1873!

Emperor Zhu had been looking forward to this crisis for a whole year.

In fact, several months ago, Zhu Xianhai had asked the intelligence department to pay attention to market changes in European and American countries.

Four months ago, the crisis began in Vienna. This is because the activities there were more speculative. According to the intelligence collected by the intelligence department, there were 528 entrepreneurial activities and securities issuances in the Austro-Hungarian Empire between 1870 and the first half of 1873, with a total amount of 2.5 billion florins, and various banks and construction companies were set up to grab speculative profits.

On May 9, 1873, the Vienna Stock Exchange fell into extreme chaos. Within 24 hours, the stock market depreciated by hundreds of millions of guilders, which led to the day being called "Black Friday." What followed was a large number of bankruptcies, credit paralysis, and the suspension of securities trading.

Before the crisis, 135 of the 294 joint-stock companies that opened for trading in Vienna declared bankruptcy. The Vienna Stock Exchange crisis soon spread to other exchanges in Europe. In the following months, as the crisis deepened, European countries stopped exporting capital to the United States. At the same time, a series of banks in New York that supplied railway funds also stopped funding railway companies and industries.

Just today, September 18, 1873, with the bankruptcy of Jay Cooke Financial Company, which owned a large number of bonds of the Northern Pacific Railroad Company, the world economic crisis with the United States as its main epicenter finally broke out.

How long will this crisis last?

This was the most serious crisis in the history of capitalist crises in the 19th century. Not only was it widespread and large-scale, but it also lasted for a long time, from 1873 to 1879, a total of 7 years!

7 years!

The Ming Dynasty won back another 7 years!

During these seven years, the industries of European and American countries have successively entered a period of recession. As long as the Ming Dynasty seizes this opportunity and continues to improve itself while others are declining, perhaps seven years later, the industrial strength of the Ming Dynasty will be no less than theirs!

"Qian Qing's family, have you compiled the list of potential acquisition targets that the intelligence department has collected?"

Emperor Zhu asked.

In another world, the Soviet Union took advantage of the economic crisis to move a large number of American factories back to the Soviet Union for reconstruction. Emperor Zhu had the same plan. While weakening the enemy, he was also strengthening himself!

"We have already drawn up a list. It was basically drawn up after consultation with the company's experts in this field. They are ready for the acquisition, just like the last cotton crisis when we bought British textile factories. We can..."

Before he could finish, Emperor Zhu waved his hand and said.

"The company should not be involved this time. Let the government handle it. Some factories can be rebuilt, and some factories can sell their machines to the public at a low price. As for the company, it is better to develop it on its own. After all, these are just some old machines, so the company does not need to get involved. Tell the company what I mean, and they will understand!"

The power of the company does not necessarily need to be restricted at the moment, but it should be controlled within a certain range. In this five-year plan, it is better to seize the opportunity to develop state-owned holding companies. As for the company, even if it does not need special care, they are strong enough.

Not to mention in this era, even a hundred years later, there may not be such a huge enterprise!

However, the rise of the Ming Dynasty requires such a leader!

“This economic crisis comes at the perfect time!”

When Qian Zizhuang left, Emperor Zhu once again reviewed the railway and a series of other infrastructure plans in the "Second Five-Year Plan".

When formulating the "Second Five-Year Plan", Emperor Zhu Yuanzhang had fully drawn on the most common experience of later generations in getting rid of crises - investment in infrastructure.

Fortunately, the Ming Dynasty's infrastructure was not perfect, and a large number of railways, roads, ports, military ports and even fortresses needed to be built. These infrastructure constructions could not only absorb a large number of labor forces, but also require a large amount of raw materials such as steel and cement.

"With this wave of infrastructure construction, Ming can at least stay out of this economic crisis. The rest is development!"

Standing on the shoulders of historical giants, Emperor Zhu was proud. After all, after experiencing many economic crises and even the Great Depression, the human world now has many ways to deal with crises.

But what about European and American countries?

They can only allow the economic crisis to hold them back for the next seven years.

…

On September 25, the fourth year of Shengde in the Ming Dynasty, accompanied by the whistle of the "New Tangshan", when the ship sailed into the Linhai Port, Liu Chongjiao and others on the ship finally saw the foreign Ming Dynasty that they had been longing for.

“This, this…”

Looking in astonishment at the towering buildings and the tall steel cranes in the bay, the people from North Korea were all speechless with amazement. They couldn't even believe that all this before their eyes was created by human beings.

In fact, they had experienced many surprises along the way. Not to mention the iron ship floating on the sea, even the flush toilet in the cabin had surprised them. As for the electric light that did not require a flame to light, Liu Chongjiao and others looked at it again and again, trying to figure out how it lit up.

The surprises along the way are nothing compared to what we have now!

Now, when the prosperous Linhai City came into their sight, the shock they felt was unimaginable to outsiders.

After all, they are not ordinary laborers, they are the best talents on the Korean Peninsula. Even if they are masters of science, they need a certain IQ to become such a big shot!

Now, a city that completely overturned their understanding of it had directly entered their sight!

Oh my God!

When they got from the station to the pier, Jin Yujun looked at the pier which seemed to be paved with a huge stone on the ground and exclaimed in surprise.

"This, this is truly a work of genius, a miracle of the heavens, a miracle of the heavens! Such huge stones were used to pave the road..."

As soon as he finished speaking, someone took over.

"What boulder? It's cement. The trestle bridge is paved with cement!"

"cement?"

Jin Yujun was puzzled.

"What is cement?"

Just like a country bumpkin... No, even the country bumpkins in the Ming Dynasty have more experience than Jin Yujun and others. After all, for Liu Chongjiao and Jin Yujun, when they came to the Ming Dynasty, it was like breaking into a modern society with advanced science from the ancient society hundreds of years ago. Their immediate feeling was... scared to death!

(End of this chapter)